DROP-IN AND GO KBLB! HOLDING THE GOLDEN!!!
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Bingo! It is pure idiocy on any CEO's part not to maintain control of one's tech. The more desired and "once-in-a-lifetime," the more protections/controls needed. As we've all painstakingly witnessed...that's every step all along the developmental path. When you're pioneering an industry, you better ensure YOU are the pioneer, if you know what I mean? 18 years of protections, and closer to realizing the ever-elusive commercialization end goal, you best believe Mr. T is gonna pity the fool who tries to take his baby from him! He's just ensuring that doesn't happen...EVER!!! Well, only ever on his terms, of course. 😁
Ignorance on the part of investors is the way I see it. Of course, who wants to own their ignorance? Not any basher I know. The company has detailed every step of their development. When one chooses to rely on message board prognosticators or twisters of reality over what the company tells them, it is hardly on the CEO. Not to mention the drooling over what was thought to be a lottery ticket that was going to pay out scratch-off quick! Think! Now, the deliberate misinterpretations made by those who prefer negatives over positives when it comes to the progress of a company in development of a once-in-a-lifetime, Holy Grail product certainly work to muddy the waters. Which I have no doubt is the pure intent. But, pointing conspiratorial fingers at the CEO is what enables the displacement to continue. As long as the company hasn't reached the ultimate Commercialization goal. Once it does...POOF! Bye-bye bashers! I'm sure a few will still stick around, but those will be ones who are gluttons for punishment as their ignorance will really be on full display. So, as Foghorn Leghorn would say, "I said, I said, go on now, Son, you're bothering me!"
College experiment? LMAO! You grab a CYA statement/legalese from the Risk Factors section of a company filing and try to apply it as the overarching business process. Who doesn't know the company hasn't reached Commercialization yet? It doesn't negate the technology. And that's not what is being said in the filing anyway. For one who spends the majority of the time around here twisting the words of the company, I'm surprised it wasn't caught. "...has not demonstrated commercial viability" is an accurate assessment. The company hasn't commercialized their product yet. Ergo, "has not demonstrated." It's coming, though! Demonstration after demonstration after demonstration. Then we can all regale the day that line is removed from the S-1 altogether! After all, the removal of that line will have much more significance on that day than sitting in the Risk Factors section for years. Thanks for revealing the significance behind that in our forward-looking views of the company!
The "Believe it when I see it" crowd's fate!
You are standing on the tracks at the curve…you can hear the train coming, whistle blowing, the tracks rumbling, the railroad experts are telling you that you are about to be run down, but you won’t move because you can’t see the train and have decided there’s no proof it’s coming…
Lol
Accepting the BS you laid down, and supported over the years, is an acceptable apology to those of us who have had to endure the "fighting" over those same years as we were just simply following the pangs of development of a company moving towards bringing a once-in-a-lifetime, Holy Grail product to market. You, and the others you supported in "the fight" didn't care about anything but picking petty-ass "fights" to annoy and aggravate those who support this investment throughout. We supporters followed the company's progress and supported it because they were progressing. Not at our pace, but at the pace allowed. Assuming negative opinions were somehow more applicable than the company's actual progress was what you and many others did. Now that many are seeing how wrong they were and we who have supported KBLB's advancements and endured the constant bashings were right all along, those who were wrong in thoughts and actions are slowly coming over to the other side and acting like "What? What'd I do?" Of course they don't want to face the BS they've thrown down over all these years. They didn't want to be held accountable when they bought the shares and "suffered" over all these years. And don't want to be held accountable for foolishly bashing the company as it put forth the efforts and continued to progress towards bringing to market something nobody else has ever commercialized! Fine. Don't. But it's not me who is "fighting." I'm merely pointing out the BS. I wouldn't expect those who couldn't hold their selves accountable to allow anyone else to do it. No fight. FACT!
So you knew this concept all along KBLB's developmental course? Or are you just now attempting to lay claim to it as an attempt to distance yourself from the trolls you were riding with most of this journey?
And right, too, Jet. It's easy to be "calm and relaxed" when one actually follows the breadcrumbs. THERE IS NO WAY...I REPEAT...THERE IS NO WAY...KBLB submits "...it's production plans and schedule for the next twenty-four months to the VSA to obtain cooperation in reaching its production targets..." AND GET THE VSA TO AGREE without a firm grasp of how they will accomplish "metric-ton levels of production!"
Remember, many people would rather protect their stance than accept reality. It's hard for those people to accept other people, especially those of authority, and in this case EXTENSIVE SERICULTURE KNOW-HOW, proving their stance to be foolish. They think that somehow their years of outside views and arm-crossing cognitive dissonance towards anything showing KBLB progress will trump an expert's side-by-side view of company advancements. It's foolish because we're all missing this insight:
“We have been following developments at Kraig Labs for many years and are very happy now to be working directly with them,” said Dr. Le Quang Tu, President of the Vietnamese Sericulture Association. “We believe that Kraig’s technology will have a significant positive impact on our industry. They have applied a thoughtful, step-by-step approach. Now, we will take a step together.”
NEWS...KBLB UP 23% ON HEAVY VOLUME!!!
Uh-oh, Slinger! And other bashers.
And if it doesn't? The KBLB/VSA Agreement is null and void? SMH.
I hope for all we get a major explosion in SP that causes those who wring their hands daily to finally let loose of those tightly-clutched KBLB shares. Let those who appreciate what is being developed here to join in the solid advancements of the company!
Uh-oh, somebody finally opened their eyes! Lol
That can't be good for KBLB Bashers...GOOD!!!
"We have been following developments at Kraig Labs for many years and are very happy now to be working directly with them," said Dr. Le Quang Tu, President of the Vietnamese Sericulture Association. "We believe that Kraig's technology will have a significant positive impact on our industry. They have applied a thoughtful, step-by-step approach. Now, we will take a step together."
Keep on twistin'! 🌪️🌪️🌪️
In exchange for "Debt Cancellation!" Hardly a scumbag. Putting a link to the entire 10K is very disingenuous! But I get why you wouldn't want to paste the entirety of things. Gotta keep that negative narrative going for your handlers at "Smear Campaigns R Us!"
Ben's never come across as an "idiot" to me. An idiot to me is someone who would read a company filing, copy/paste selected information over and over from said filing, then claim another is an "idiot" even though the filing that is being gone over with a magnifying glass states:
Our general and administrative expenses for year ended December 31, 2023 consisted of other general and administrative expenses (which includes expenses such as Auto, Business Development, SEC Filing, Investor Relations, General Office, warrant Compensation...)
Failed to mention the increase in part-time employees, too, from 5 to 7. So, as usual with you, false/omissive reporting as an attempt to push a negative narrative.
1099 hires (contracted labor) are not "official" employees. Therefore, those hired to consult, or as independent contractors, would not show up as employees in the 10K.
Maybe they'll announce the subpoenas and cease and desist letters being distributed to proper parties. 🤣
Also, with these "Disinformation Divas," the point is to muddy the waters. That's the intent anyway.
If the company already said they have, and are developing products, and providing SS to their partners to develop products for the world’s first Spider Silk launch…. Including Spydasilk. Then they wouldn’t be building up inventory. The inventory would be in developed products for the official launch imo
Which brings up the question: under what concessions? The same as the other votes? The answer is...YES. Each were tied to a form of DEBT FORGIVENESS!!! Now, GTFOH!!!
2023:
In consideration for the share of Series A preferred stock, Mr. Thompson paid twenty thousand dollars ($20,000), in the form of debt cancellation.
On September 30, 2010, the Company agreed to issue preferred stock to Mr. Thompson in exchange for $650,000 in forgiveness of back salary. On December 19, 2013, the Company issued Mr. Thompson two shares of Series A Preferred Stock, which entitles him to a total of 400,000,000 votes on all matters, in consideration for his agreement to extend the Company’s repayment of the aforementioned debts owed to him to October 30, 2014 and to forgive an additional $30,000 in compensation that the Company previously owed to him.
Of course. That's your M.O. with KBLB and any supporters. After all, they don't adhere to your negative agenda, so it makes sense. But, you're cluttering the board with your disinformation and inability to understand your fallibility. Again, understood. But the tactics are old! Grow up and stop with the nonsense.
And thanks for proving mine! When was the business license to be submitted? Signed? Is it signed? You have no clue if it is signed as we speak. But you will run a headline warning everyone based on your own assumptions. Like I said, more twisting of things to coincide with the negative agenda you regularly push. Maybe an announcement is forthcoming? Most likely. That is probably why it wasn't reported in "Significant Events...." it didn't get announced prior to filing the 10K. Wait for it, though. It's going to suck enduring your twistings until then, but, it will be well worth it when the announcement comes!
And let me help you...
Did they sign the second business investment license yet? Was the signing announced? See anything different between the "significant events" you posted and the one left out? So, again, we go back to the twisting, even though you, yourself used forward-looking words like "creating" and other CYA words like "probably." Give us all a break with the constant twisting everything into a negative! Shit's way beyond old!
Why would something announced in 2024 show up in the 10K covering 2023? You, yourself used a forward-looking word, "creating," when shouting "the sky is falling!" The company uses "preparing" in the title of the linked PR. And in the PR excerpt you provide, they say "to be named." WTF! So ready to pounce on any twist opportunity that it doesn't even matter how desperate it makes one look in doing so! SMGDH
It's not an "accounting issue" with the company. They accounted for everything. That leaves the "issue" remaining with you! Now, STFU about stuff you have no clue about and quit acting like you do.
The evidence is in the accounting. Stop playing like you know what you are talking about, when it is quite obvious you don't.
As much as this guy likes to defer his compensation, and given his previous mentions of forgiving debt owed to him, it's more likely he'll forgive all of that. Ruinous to the narrative by Douchebags that call this CEO one, but, that's more likely than anything.
Another twist. That's what I mean. I guess you just can't help yourself. SMGDH. As I said, "good luck." It's all in the accounting.
I'd offer the explanation but not going to since you'll just twist it wrong. All you get is the vagueness...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174155064
Good luck! 😁
That wasn't your only error. As usual. Quit pushing YOUR negative narrative over the reality of KBLB's accounting.
Mr. Frugal says shut up:
On December 26, 2023, the Company issued 5,000,000 shares of its class A common stock for services with a fair value of $225,000 ($0.045/share) on the date of grant.
For the year ended December 31, 2023, net cash used in operations of $1,244,483 was the result of a net loss of $3,029,780 offset by... depreciation expense of $27,620, asset impairment expense of $95,872, net change in unrealized appreciation in gold bullions of $55,985, stock issued for services of $225,000, warrants issuance of $538,633, imputed interest on related party loans of $80,851, increase in prepaid expenses of $763, decrease in deposits of $2,608, increase in inventory of $304, and a decrease in operating lease right of use of $48,064, an increase of accrued expenses and other payables-related party of $869,640, increase in accounts payable of $1,298 and a decrease in operating lease liabilities of $48,763.
In order to conserve Company resources, the CEO agreed to accrue and not collect a majority of his salary for 2023.
It amounted to $225,000. Not $1/2 million. And...
In order to conserve Company resources, the CEO agreed to accrue and not collect a majority of his salary for 2023.
It seems there's a bit of confusion wrapped around the $304 figure, much like the intricate process of producing spider silk itself. First off, valuing groundbreaking biotechnology using traditional metrics like kilo-to-dollar ratios might miss the forest for the trees—or should we say, the silk for the cocoons?
Let's unravel this (😁): The $304 inventory value isn't a reflection of mass production volume or straightforward market value. It's a snapshot within a context of operational challenges, namely the robustness issue KBLB faced and has since addressed. This figure represents a moment of recalibration, not the ceiling of potential.
Biotech, especially when pioneering materials like spider silk, doesn't operate on the scale or economics of commodity products. It's about quality, potential applications, and the technological leaps required to produce them. A breakthrough in material science often starts with small, meticulous steps before it strides into commercial viability.
Regarding getting information out of KBLB being 'like getting pearls out of a clam,' it's worth remembering that pearls take time to form, and the process isn't visible from the outside. The next 10-Q will offer more insights, certainly, but let's not overlook the progress made in addressing production issues. These efforts lay the groundwork for more robust production capabilities and, potentially, more significant inventory valuations in the future.
So, while it's easy to poke fun at operational speed bumps, the real story here is resilience, innovation, and the promise of what's to come. After all, in the world of biotech, today's challenge is often tomorrow's breakthrough.
Thank AI. 😁
Funny thing is, when all is said and done, bringing the Holy Grail of textiles to market for less than or around $50M, is going to go down in commercial history as the most frugal accomplishment ever!
But carry on with your complete BS.
BEACHAM!!! Great to hear from you, Brother!
I'm not a bioplastics expert (nor do I know any) so I turned to AI:
FROM AI:
The global bioplastics market size was valued at $6.3 billion in 2021 and is projected to reach $18.7 billion by 2031, growing at a CAGR of 11.7% from 2022 to 2031 . Another report projects the market to grow from $7.56 billion in 2022 to $31.66 billion by 2030, exhibiting a CAGR of 20.2% during the forecast period? (Allied Market Research)?. Furthermore, a different analysis estimated the global bioplastics market size at $11,610.5 million in 2022, expected to expand at a CAGR of 18.8% from 2023 to 2030? (Fortune Business Insights)?.
These projections highlight the substantial economic potential within the bioplastics sector, fueled by increasing environmental concerns, the demand for sustainable packaging, and regulatory shifts away from conventional plastics. The growth is also attributed to bioplastics' broad applications across various industries, including packaging, automotive, consumer goods, and agriculture, among others.
Well that explains the mullet.
Believing in flat earth theories is ignoring science; believing in KBLB's potential is understanding business. Of course, I wouldn't expect you to know the difference.