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I e-mailed Dr Fraser this evening just to ask if he was still involved with further KBLB research. This was his responce.
Dear Don,
I presume this is in response to the recent post of an inquiry made of Dr. Kaplan. My understanding is that Dr. Kaplan requested to be removed as a member of the Scientific Advisory Board because he was apparently barraged by investor inquiries once the announcement of his joining the Advisory Board was made public. So in a very real sense, while investors are damning the company, the problem in this instance seems to have been the investors themselves.
I am aware that many misleading and downright false statements about KBLB, Kim, and the science we do litter the blogosphere. I do keep an eye on IHUB, for example, and observe that it is littered with half-truths and false information. I can say for certain that no-one on IHUB really represents the story accurately, either from the business or scientific side. As my father always use to say, "Empty barrels make the most noise." and nowhere is it more true than on those blogs. Even when legitimate information is provided it becomes distorted and questioned. It is very frustrating for me to read.
I don't mind responding to the few inquiries I get because I have been with the company since the inception and am overseeing the research. However, as you can understand, I cannot divulge non-public information, and do not feel inclined to explain the details of our research because it can easily be misinterpreted by the uninformed. It is Kim Thompson's company, so I feel very strongly that any information that is released must be done through him. I am sure this is why Dr. Kaplan was concerned by the inquiries.
Suffice it to say that as far as I am aware there are no inaccuracies in the statements that have been made by Kim Thompson or any of the news releases from KBLB regarding the research effort. I also do not anticipate this company going forward without my continued involvement. I am very enthusiastic about the future possibilities the research presents for silk protein fiber technologies.
You may feel free to share any or all of this communication with others.
Best Regards,
Malcolm J. Fraser, Jr., Ph.D.
Rev. Julius A. Nieuwland, CSC, Professor of Biological Sciences
Eck Institute for Global Health
Department of Biological Sciences
University of Notre Dame
Notre Dame, IN 46556-0369
If I wasn't already a huge fan of Dr Fraser's, I would be forever grateful for his time in responding to me with so much thought. I have forwarded this e-mail to Manshoon. I know he is in contact with many others on this board. I hope he will forward it to any and all that he has contact with or would like to have it first hand.
As the poster that first contacted Dr Kaplan said.....Please do not barrage these people with e-mails. They have infinitely more important things to deal with.
Roll on KBLB!!!
They put out a PR announcing Kaplan joining, but made ZERO mention of him leaving, or never actually joining, or whatever the scenario was. That's wrong. When it was assured that Kaplan was not a member of the advisory board, a retraction of the earlier PR should have been made, or if he did join and then left, an announcement concerning that should have been made.
Not pretty, no matter how it is spun.
I've thought that all day, but held it to myself.
Sorry folks, but Kaplan ain't a part of the team. That's gonna be some hard explaining by team KBLB.
UGLY!!!
That's the phrase I was looking for....portfolio management.
The thing with an issue like KBLB is that when 1m shares are traded, that's only $100k or so. When the market has been as bad as it has been the past couple weeks, if one trader has 200k shares, and needs $20k for some other reason, that trader sells and it has quite an impact on KBLB's price. The plunge the past couple days in KBLB may well be only a hand full of traders needing money and their best play to get it is to dissolve a penny stock holding. I'm not buying any at this time for reasons I've discussed over the past 2 or 3 months, but this drop, in my opinion, has nothing to do with KBLB itself (I haven't sold any either, though I wish I had. A couple weeks ago when it was mid 14, if it would have hit 15, I would have ditched some. At these prices, no way. It should firm up around here and rebound some in the next few days.) It is because of the market as a whole, but not because traders are looking at KBLB as being any worse a holding than it was 2 or 3 weeks ago. There could just be a hand full of KBLB holders that were forced to liquidate some holdings in their portfolio, and the quiet penny stock is the most obvious one to liquidate.
All speculation on my part, but there has been nothing concerning KBLB itself over the past couple weeks that would seem to trigger a sell off of sorts. I would think it would be the first target in many portfolios that need cash for something entirely different. When the market steadies, and firm ground is reached, I would think there would be a solid upward movement in KBLB's stock price.
Got to admit it. I picked up on that nei call you made a couple weeks ago. Bought at 1.17, sold at 1.35.
Thanks man. Couldn't have done it without you.
I'm serious. That was a good call.
Somebody needed $70k right now. Either needed it, or got bored with KBLB and said enough is enough. Impossible to know. It's a good sign that it's rallying. There are people out there with their eyes on KBLB.
If you were a buyer in the 10s, the shares were certainly there, and still are for the time being. Have a feeling we'll recover most of that though before the day is over.
Wow!!! Somebody just said give me my money. That was a 3/4 million share slam dance. We'll hear it from Mojo pretty soon.
Penny stocks are disconnected from the general market. The market could tank miserably, and if Thompson executes, KBLB would go up, up, up. The market indexes (my latin is poor, couldn't spell the proper plural for index) are all about established companies and industries. We're on an island from the general market until we're established with product and markets.
Item 2, page 2
Three months ended 3/31/11 and 3/31/10
"The company has recently announced the development of new recombinant silk products. No revenue projections for the next 12 months are being made as these products are new and are not yet on the market"
Pretty generic statement. Not nearly as dramatic as I thought when I first read it. I guess we could still see revenues in 2011 regardless of this statement.
Sorry for the wet towel, once again.
Quit quoting verbatim from financial statements and trying to palm it off as fact. Won't you ever stop?
Hahahaha!!
Silver and Gold are getting slammed today also. Strange that commodities aren't holding up somewhat. I guess all the solutions to the debt problems are just building huge confidence in the US$.
If he has what we all hope he has, those prices would be giving it away. If this is a hobby for him, I could understand that, but if this is business, I would hope he would further develope it and make some real money. Why shouldn't he walk away with 3+ billion for revolutionizing the silk industry? That makes sense to me.
Not trying to be a wet towel, but what I would rather hear is that we believe the results of our research and developement, if successful, will lead to revenues.
Didn't I read in the latest filing that we've been looking at this week that the company did not expect any revenues for 2011? I'll go back in later today when I get some time, but I thought I read that in there somewhere.
I want revenues. If we're this close, we should all want revenues. Borrowing power is great, but revenues are the real deal.
Isn't that quote at the bottom of your post from Benjamin Franklin? You make it look like it's your's.
Maybe another 10% drop from here. Hopefully not much more than that. If the drop is on low volume, that would be encouraging, because we already know, for the past 2-3 weeks, that there aren't any active buyers out there. It would be a negative if this dropped on high volume as that would indicate lots of active sellers. Hopefully volume is low until news, which is probably 30-60 days away as you said.
Thanks for the charts.
They were prominent on the ask for about an hour.
Or your's.
Sorry, didn't see your post.
When did fraud become an issue? You're the first to bring up that up, and I doubt anybody has even considered it to this point.
That's a beautiful statement, isn't it?
It should be an exciting stock in the near term. Really like what they're doing.
Mine was a prediction based on some unofficial revenue anticipation. Nothing the company put forth, just some numbers we were throwing around on here.
Those were nice sized buys at the end of the day that moved it from .117 to .12. I was hoping it wasn't just a paint job. Right on.
They've diluted 5 for 1 since summer 2009. That doesn't explain it all, but that is kind of spreading the wealth a little bit. But with revenues, dilution should be slowed anyway.
The MM Vandham Securities has been active today with this stock. They never have really been a player in the past. Have no idea if this means anything at all one way or the other, just thought it was kind of interesting to see another active player.
First of the year I made the same price prediction....buck sometime this year, settle around .50 year end. Felt alot more confident about it then, but still believe, if the company performs as it should, could still happen.
At the risk of being redundant, wish all the noise that has developed around the financing would quiet down, and the only way to do it is to generate revenues and acquire different financing if/when needed.
I really hope Thompson knows who these people are and has control of them. Being oblivious would be no better than being a party to it all. He is the CEO after all.
He's obviously a good ole boy, and we all know how those networks work....you scratch mine, I'll scratch yours....and stay in touch, just in case there's something else goin' on we'll all be interested in.
Good grief people, let's take this a little slower.
There was a bunch of newsletters sent out Monday...can we all agree on that? I hope so.
MomentumHunter.com and EastwindResearch.com are the names of those newsletters. Agreed.
If you go to MomentumHunter.com and EastwindResearch.com's webpages and read their disclaimers, you will see that they are compensated to feature different stock issues. Here's where it gets dicey because not everybody will agree with this. Maybe they featured KBLB out of the goodness of their heart. Who can guess how some people think. KBLB is no longer the featured company on either of the sites, so the disclaimer specifically for KBLB has been removed. How convenient for our discussion.
Can we agree that the reason to pay for exposure of this kind is to create a selling environment? Probably not. If a third party paid for this exposure, a common sense conclusion is that they didn't do it to expose the company to potential investors, but rather to create a selling environment. Probably won't be able to agree on that. Such is life. If Thompson/Hansel paid for it, then it very well could be an investment to expose the company to the investment community, but everybody howls like banshees when it's evn suggested that Thompson may have paid for something like that (NOTE, I AM NOT suggesting Thompson paid for it). So lets all agree that we hope it's a third party paying for this stuff.
What would be a third parties reason to pay for this exposure? Can we agree it's to create a selling environment? Probably not, but that's the only place I can go, because it's the only thing that MAKES SENSE to me. I can't envision a third party paying to expose KBLB to the investment community without expecting something in return. Not how the investment community works...again, common sense.
The big question then is.....If KBLB's stock price is ready to explode, why would somebody create a selling environment at this time?
Doesn't make sense.
There are plenty of holes in this for anybody to take shots at, and they are big enough to hit. This post is much more steeped in common sense than in rock hard supportable data. Do what you want with it.
That's my biggest concern with this board. People would rather just shove any negativity under the rug rather than discuss it. Something bad comes up, the modus operandi is to first disavow it, then belittle the messanger. It's not the best way to get to the bottom of any issue.
I can accept that, because your right, we can't tell when it was paid, and we can't tell exactly what was received for it.
NOT insinuating that Zinc doesn't know what he's talking about, what I AM saying is that there is nobody on this board that can reliably verify what he posts.
It could all be 100% accurate for all I know, but there is no way I could vouch for it, and I'd bet there isn't anybody else that could vouch for it either. Again, having said that, he could be 100% accurate all the time on every subject concerning the science of this. Don't want to be misunderstood here, though I know I will be.
I admit I don't know what the value of those patents are. Do you? KBLB has a market value of roughly $65,000,000 right now. Are their patents worth 4.6 Billion dollars? If so, there are a ton of brain dead analysts out there, because you can't find a buyer at a price that makes KBLB a $75,000,000 company out there right now.
Honestly Zinc, does it make sense to you that this company loses 10% of it's market share on a million shares traded? Really now, does that make sense to you? Does it make sense that somebody is paying for pumps (please, don't read that as Thompson is paying for it. I never said, nor never implied that, nor did I ever imply in anyway that there is some brain trust in a cigar smoke filled room conniving to rip everybody off) when this company is on the verge of exploding into the stratisphere? The only reason to pump a penny stock is to create a selling opportunity. No other reason. It's poppycock to say a paid pump (Again, please don't insinuate that I'm saying Thompson is paying for it) is a way to bring awareness of a company to the market.
I have no agenda, except to understand the company I'm invested in, though there are many people on this board who accuse anybody that voices any negativity on this stock as having some kind of agenda to steal everybody elses shares. It's ridiculous. You said something bad about KBLB..............oh, you're trying to steal everybody's shares..........oh, why don't you just sell and find another stock. It's bloody childish.
I'd really like you to respond to this post, and not just with the generalities that you address like minded posts with.
Does what is happening on the open market with this stock make sense to you? If it does, I am eager to hear your well-thought out and pertainent explaination.
There are so many possibilities, and there is no doubt that there is lots of info about this company that you have to be careful about when you analyze it, but which is really more probable....somebody has spent $300,000 spreading multiple news releases to places like Scottrade and Ameritrade to try and sell off some stock, or somebody set up a website for $10 to spread a whole bunch of misinformation and all these stock brokerages picked it up?
Seriously, did you even bother listening to yourself before you posted that?
It doesn't matter who's doing it. Unless somebody is so filthy rich that they can just blow $300,000 as some kind of a joke and then sell millions of shares at a huge discount (that is if pure spider silk does to the stock price like we've anticipated, you know, halted trading and all that), somebody is acting in what they believe is their best interest. This somebody has lots of money, and lots of shares, and wants to get rid of them. I would bet, who ever that person(s) is/are, they know Kim Thompson and Ben Hansel a lot better than you or I do.
I got an e-mail from a very smart man that I know that is also invested in this company. Here is the question he has about this whole thing....
If KBLB is only months away from popping big time due to the announcement of pure spider silk, why would somebody with millions of shares spend $300,000 at this time to create an environment where they may be able to sell for 20 cents.....maybe?
Why would somebody do that?
IT DOESN'T MAKE SENSE. NONE OF THIS IS MAKING ANY SENSE.
Call him!!! Hell, I need to step away for a couple weeks, come back and re-assess. Thompson and/or Hansel are the last people I want to talk to right now. As muddy as the picture is right now, I think it will be clearer if I dis-engage rather than engage.
Calm Seas approached Thompson, that is the company line. I can just hear it.....We'll lend you money, and you'll never have to pay us back because we'll accept stock as payment, and get our money back on the open market. Thompson.....Sounds good.
Everything you say is true and makes sense, so why is KBLB messing with all the blatant pink sheet operatives and processes? I can be as patient and understanding as the next guy, when things make sense. But this marketing and market response isn't adding up at all.
I think it was you that is holding F and got the same newsletter under your Ford holding, but under your Ford holding, KBLB wasn't mentioned in the news release. What is that all about. It's like KBLB is just going back to their shareholders looking for more. They're not even trying to cultivate new investors. It's like KBLB is saying.....We have this core of investors, and if we get the price in the right range, they'll throw in some more. And it seems to have worked to a point. How many people on this board say time and again...When it get's to X cents, I'm buying more. It looks like that is KBLB's game plan.
All speculation on my part. As you can see, I'm a little frustrated with the carry on, only because IT DOESN'T MAKE SENSE.
Your approach is looking damned attractive.