If we had some eggs, we could have eggs and ham. If we had some ham.
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I think the unsure sell off days for those who post here are over for a while. But the pathetically low volume tells me that no one much cares about the news outside this message board. The market isn’t just yawning at Kim, it’s not even listening.
The good part about that, is when an obscure stock DOES get noticed, those are the times when the faithful can get rewarded with a 10 bagger in a matter of hours.
My definition of pathetically low volume? If average daily trading volume is fewer shares than I own personally- THAT is pathetically low. That’s a stock that barely registers a pulse.
My cost basis is .048 and my short term plan is to sell 20% of my holdings on the next spike. If a sales contract were announced with a household name, I fully expect this to hit .15 cents or higher in a matter of hours. Going to take a 10-20 time spike in volume to deliver that and bust through some resistance.
When is that next spike? Sometime between now and 2020. In other words, no clue.
Just dreaming out loud. Back above my CB so I changed profile pic.
Will be very disappointed if the framework for animal biotechnology is still absent this December. I’ve been looking for updates to that report at least twice a month.
I’m expecting the update in December but it doesn’t always come out the same month. I don’t see anything happening as far as production goes without that framework in place. I was surprised the subsidiary was set up. I’m hoping the framework is in place and it just hasn’t made it into the report yet.
This is the USDA report to be more concerned with:
https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Agricultural%20Biotechnology%20Annual_Hanoi_Vietnam_12-15-2017.pdf
All valid questions, but there’s one that should be number 1 on the list:
Does VN still lack the legal framework for animal biotechnology?
This IS (and has been) THE issue as far as we know. Obviously there may be others but this is the only stated obstacle that we heard straight from the horse’s mouth. Is there a way around it? We can only speculate.
We see news that VN adopted the framework for animal biotechnology and I’ll get excited. Til then, my hopes lie with domestic production.
Wonder if Kim issued the #metoo/#alsoran statement on the 18th in lieu of the newsletter.
Come to think of it, that may be a good publicity stunt. Might make the news...
“PENNY STOCK TP’d BY SHAREHOLDERS!!!”
Thanks for checking the place out. Next time you go, stop by Costco on your way and grab a good supply of toilet paper and TP the place for us. Maybe Kim might get the message that the shareholders are a tad upset.
Doubt it, but you’d get some serious street cred on this board!!!
Great find. Articles like this would generate more buzz than any of Kim’s PRs in the last several quarters.
This is possibly good news. If we only knew what updating the “investment authorization documentation” was going to do to advance our cause- then we may be more excited about it.
Yes. He’s a fool when it comes to communication.
“It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.” Mark Twain
Kim’s email removed all doubt.
Oddly, as pissed as I’ve been at Kim lately, I was excited by this morning’s PR. Granted, we’ve had PRs before about new strains and we’ve been conditioned to greet such news with a shoulder shrug and a yawn. The market doesn’t seem to care about his news today but today is different...
This strain was made-to-order. That’s big. And if Kim ever proves he can produce consistently, that makes it bigger news still.
How long? Don’t know. I’ve written off VN mentally. My hope lies in domestic production for now.
No hung jury tonight!! This may be the first time this board has unanimously found Kim guilty.
Good job Kim. You’ve managed to piss off the only group in the world that had any faith in you at all!!!
“But obviously Kim and Jon are angry or annoyed”. Good. And Boo Hoo!! It’s about friggin time they paid attention to their shareholders.
Let’s welcome them to the club. We’ve been angry and annoyed for years!!!
We’ve invested our hard earned money into this man and his company and he tells us to stop asking questions. Are you friggin kidding me???!!!
Kim, if you’re reading this...IF YOU CLUED US IN ONCE IN A WHILE, WE WOULDN’T HAVE TO LOOK UNDER EVERY ROCK FOR INFORMATION!!!
Guessing he’s bringing up the Dr Kaplan incident.
In a nutshell, here’s what the letter says...
Vietnam update ... no news. He makes it sound like we are a bit further away from that “final approval”. He mentioned a certificate no one has ever heard of that allegedly we’ve been asking about.
Kim doesn’t give us information because we bug anyone that he mentions. So it’s our fault that we have to be kept in the dark.
He appreciates us though. Great talk coach!!
And just when I thought KBLB couldn’t look like a bigger joke...we got a detention.
No. You should definitely NOT lay down!!!! “Lie” is the correct choice in this sentence.
100% correct.
The market agrees with you as well- hence the 4 cents.
Banana Kool-aid is the number 1 consumed beverage on this board. It has no effect on me.
I’m with you.... until Kim has actually filled a large order in a timely fashion, the ability to mass produce remains unknown.
“yes, then theres the issue of approval needed by the fda..but I don't think the silk will be ingested and approval can be fast tracked.. “
Even fast tracked, you can get shoestrings to the market faster than sutures. The cash cow is apparel.
Not sure if there was intentional deceit or not. I think they were hanging their hat on VN and the goal posts kept getting moved on them. I think they thought VN was going to be cranking out silk long ago.
The difference now is that they finally got fed up with foreign govts and set up production here. (Much to their credit). The GM factor was/is causing too much red tape with every country they were courting. The difference now is they can go to these countries with somewhat of a track record.
In the mean time, Kim lost the confidence of his shareholders and the market in general. Frankly, the interest of the Army saved Kim’s dragon @ss.
I believe Kim really DID/DOES think we’ve been on the cusp for the last 4 years. Problem is, no one else does but us chickens.
Exactly my thoughts. Monster silk should have been produced and sold to anyone who wanted to market a product that didn’t need to meet certain specs. Only spec the average person cares about is that it’s stronger than regular silk and you can market it as spider silk.
Clothing can go to market right now and people would line up to buy workout clothes with spider silk.
In fact, that was Kim’s stated intent years ago. He said they’d go for technical textiles eventually but first they’d get the low hanging apples with the more “mundane” products.
So why didn’t he? He couldn’t produce consistent batches AND couldn’t produce enough of it to satisfy any demand whatsoever.
So what’s stopping him now? Kim stated that the quality control issues have been fixed. The production he has in the USA has allegedly satisfied the army’s needs at the present.
IMO, the medical uses can wait. Get with UA and make a prototype workout shirt. Say it’s coming to a sporting good store near you .... that may be enough to light a fire under any silk producing country’s rear so that SOMEONE who knows how to make silk will get moving!!
The “hoops” are the legal framework. You missed the point by a mile. Re-read what I wrote.
Financing has nothing to do with the legal framework that does not exist in VN.
Think that the toy surprise inside the Dragon Puffs is a nice bit of marketing. Although the Monster Puffs look more appetizing!!
We will find out soon enough about the shoot packs. How much time did that response buy Kim? 30 days? A whole quarter?
As to the other reply- Kim’s email is utterly ridiculous. True? Who knows. If so, did Kim learn his lesson about being stupidly silent?
Hmmmm geeeeez okay Kim. It’s not you that’s lying, it’s probably those mean guys over there who are out to get you.
And I’m sure you’re right that the translation software got it wrong when it very specifically named the documents they were expecting that you failed to submit.
Maybe the Russians are meddling in the negotiations.
And...
“It’s not us, it’s the reeler!!!” And “it’s not us, it’s the weaver!!”
Let’s notify Howland that Kim just threw him under the bus and see what he has to say.
I’m in the red. I’ll change it when I’m back in black. .048
“as I stated previously, I find it hard to believe that kim would outright lie..he stated he received verbal approval to import, test and breed ds worms in Vietnam..there were no if, and's or maybes.. “
That means that a credible government official has to have given Kim assurance that all he had to do was submit the 2 missing dossier documents AND have given/shown Kim the solution to the human consumption issue in that two week period...
“...the study of the effect of silkworms genetically modified to health Human beings need to study carefully and objectively to ensure the health of the consumer.”
The missing documents alone won’t absolve him of lying. If Kim knowingly published his “final approval” PR without a solution to that- he lied. Period. No way around it.
“It actually shows Kim told the truth” -only if you’re drunk on banana flavored kool-aid.
Those two documents don’t address human consumption. Kim knew full well that there was more to do than just hand in two homework assignments.
He needs volunteers to eat dragon & monster silk cereal. Anyone here cuckoo for Dragon Puffs?
Good to know. We will be in luck if VN lets US approval count towards approval in VN. That could save a year of trials.
I suspect we have US approval. I’m sure it would’ve been expedited in light if the army’s desire for spider silk
Just to clarify- according to the USDA GAIN report, the biosafety certificate that is/was obtained in the USA wouldn’t count in Vietnam. It’s a prerequisite for starting the process of a biosafety certificate being issued by the govt of VN.
So, this “final approval” (that may or may not be imminent)would only be the final approval to start the approval process.
I base this all on the assumption that the legal framework for gm animals will be very similar to that of plants. - if VN ever gets around to establishing it.
Like I said before, I’d very much like to be proved wrong here.
Lol Working on the December 12th minutes right now
Not sure you can assume the missing documents were submitted at the provincial meeting on 12 DEC.
The reason I say that is because one document was the biosafety certificate. To get that certificate you need field trials- to do field trials you need to import the worms- to import the worms you need legal framework... still no legal framework.
I remember reading that for VN to approve importation of a gm, a company needed to produce another country’s bio safety, environmental impact & risk assessment before VN would consider it for importation and field trials. That been done in the USA? I assume so.
As far as proving that they are allowed to mass produce in the USA goes- that should be easier to find out. I hope.
Possible there is only provisional approval to mass produce in USA as long as it’s sold to military only? That may explain why we can’t seem to land any “mundane” deals.
I can only speculate. And since Kim says nothing and independent sources contradict Kim’s rosy picture, I can only speculate the worst.
If there’s ever been an occasion that would force Kim to give facts- this is it. I can’t recall another time where information from two government agencies has so clearly made him out to be a liar.
If he’s not a liar, he will have to explain to everyone’s satisfaction how both the US and VN governments missed that whole “final approval” memo.
And if he CAN explain it to our satisfaction, it may be a good lesson on why he needs to inform the shareholders on the status of the approval process. Both the good AND the bad.
No. It proves that Kim IS lying. According to this Vietnamese article, MARD killed the project AGAIN on October 3rd 2017.
On October 17th 2017, Kim claimed he had “verbal approval”. Unless MARD had a road to Damascus conversion in the two weeks between, Kim knowingly PR’d information that he knew wasn’t true. Probably there’s enough wiggle room for it not to be a “lie” as far as a courtroom is concerned, But to the rest of us- it was a big fat lie.
So now we have both an official VN source and an official American source that directly contradict what Kim is saying.
“The implementation of the project on importing and re-breeding silkworms is not enough legal mechanism for MARD approval. “...
“Legal mechanism” = “legal framework”- this explains why the USDA report says there’s nothing to report regarding animal biotechnology in VN - which was what I think Kim needs to explain.
How can he be claiming we are one signature away when, as recently as last month, there aren’t even hoops in place for Kim to jump through?
I found where you got your information. I guess the dossier WAS missing those two things...
A representative from the Ministry of Agriculture and Rural Development (MARD) has received a dossier from Kraig Biocraft Laboratories, Inc. (USA) for the project to import and produce genetically modified silkworms (spider silkworms). After considering the dossier, the Ministry of Agriculture and Rural Development found that the dossier was missing: (1) The biosafety certificate granted for the gene transfer event to the silkworm variety meeting the requirements in Article 22, Article 23 Decree 69/2010 / ND-CP dated 21 June 2010 of the Government on management of biological safety of genetically modified organisms. (2) License for use of genetically modified (AI) silkworms in US Department of Agriculture (USDA) mass production.
Scientists have expressed deep concern about the fact that in the United States people do not eat silkworms, but in Vietnam silkworm feeding is very common, the study of the effect of silkworms genetically modified to health Human beings need to study carefully and objectively to ensure the health of the consumer.
After thorough discussion of the relevant aspects, Vice Minister Vu Van Tam concluded the record of Kraig Biocraft Laboratories, Inc. The implementation of the Genetics Import and Genetics Project is not enough to allow the Ministry of Agriculture and Rural Development.
Represented by Kraig Biocraft Laboratories, Inc. expressed his wish to establish a silkworm marsh research facility in Quang Nam to continue testing the adaptability of spider silkworm breeding and crossbreeding with native silkworm breeds in Vietnam. The effect of genetically modified silkworms on the health of consumers.
http://vietseri.vn/Chi-tiet-tin/Tin-tuc/11752/trien-khai-du-an-nhap-va-nuoi-tam-bien-doi-gen
Great find. I haven’t seen this before.
I misread what you wrote... those things were not in the dossier handed to MARD?
I can’t find that in any newsletter or PR. Where did you see that?
This is very interesting ... “2. US Department of Agriculture License for use of genetically modified silkworms in mass production.”
If the USDA has given license to KBLB to mass produce silkworms in the USA, then how does that same agency not know KBLB is attempting same in VN?
You would think that as thorough as the plant gmo section is, that the animal section wouldn’t at least say,....” there is currently no production of gm animals in Vietnam, but the legal framework is being developed to begin a hybridization program with gm silkworms”.