If we had some eggs, we could have eggs and ham. If we had some ham.
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Exactly.
If this is the case, telling VN we need to take the worms elsewhere is long overdue. I love the idea of bailing on them.
This should have been done the second they put the halt to the project with their need for "legal framework".
I'm actually refreshed by this newsletter. Almost sounds like some overdue straight talk.
If Kim really has the holy grail, then countries should be lined up to host a farm or two.
??
"That's typically american way of thinking!"
He's right. Nothing "presumptuous" about it.
If someone has built a better mousetrap then the people who sell a lot of mousetraps want to be sure they don't get left in the dust.
Doesn't matter if it's a small company or not.
To chalk that up to "typical American presumptuousness" is to just be ignorant.
You're right. Possibly using stronger language to clarify to any Vietnamese partners that there are no guarantees?
This seems to be the only change since last quarter. The ability to secure more financing has always been a risk.
Don't know. But you're right, not a confidence builder.
Unfortunately, whether reality or not, that seems to be the impression Kim gives.
The promise to do a better job communicating with us in a timely fashion is proving untimely. That certainly lends credibility to your charges.
He needs to give the impression that shareholders are valued and respected and dropping the ball on something as minor as a quarterly newsletter sure does make us feel like a nuisance.
Kim admits he could be a better communicator but then doesn't bother to take control of what he can control. There's no foreign government or any other party keeping him from timely updates- even if just to say "everything going as planned" or "VN gvt sat on our subsidiary paperwork for 60 days".
There's no excuse for that. Period. I don't buy the argument that triple 9's are social zits and don't communicate well with the commoners. Kim knows what he's not good at by his own admission. So he should listen to Rice, who we hope is NOT a social zit, and start repairing the public image.
When you're sitting at .02 and the average daily trading volume is equal to the cost of a car with a salvage title, there's no room to talk to us just "whenever".
Yes. That's a different argument altogether
True.
The T word may cause a civil rights debate. Which bathroom would the Kraig worms use? Worm or Spider?
I know they LOOK like silkworms but in their hearts they feel that they're really spiders.
People HAVE looked at it objectively and don't need it to say "transgenic". The business of KBLB IS transgenics. So it follows that any "hybrid" involving KBLB would BE a transgenic.
It's not complicated.
Goes like this: All fibers made at KBLB are transgenics >
That hybrid was made with fiber from KBLB>
Therefore that hybrid is transgenic.
Yes. And Kim could build some trust and credibility with shareholders with just that tiny effort.
We all know it takes time. We aren't the ones who said there may be some contracts announced before Y2015 was up.
We also were promised a better job of communicating from our employee Kim. He promised he'd do better.
We aren't the ones who promised a quarterly newsletter that is now quarterly behind.
The list goes on and it's nothing to do with sentiment on this board. We've a right to be insulted by this worthless PR.
Kim is the one who raised our expectations and where is he?
Kim Thompson, "hey everyone, I've potentially got some new products here that might work someday if I can test them. Let's all be excited".
Are you ****ing kidding me?
The biggest joke about this PR was Jazz's point-
"The Company expects to announce more details on the performance of these new materials over the coming months as performance testing is completed and each of these new transgenic silkworm lines obtain homozygosity."
-huh? You PR'd something you haven't even tested and no homozygosity?
Oh and we won't hold our breath for "more details of performance testing..." Yeah. Because we know ALL the details of the performance testing of everything in the arsenal. They've been very forthcoming til now so we've no reason to believe that THAT'S a crock.
Oh yes. Worse than saying nothing at all.
I think that would be a shame if you are a corpse when they finally sell something. Let me be the first to say that it would be a very noble gesture of you to will your shares to me in the event that happens.
On the bright side, do you really WANT to live to see it? I mean with all those flying pigs - my God! Think of the mess!
Just got the email with this morning's PR
That's a valid question. Possibly these were made to meet certain specs requested by potential clients.
Possibly Kim doesn't want to mass produce anything until he has a signed contract for silk that meets such and such specs.
If that's the case, and if all mass production is going to be in Vietnam, we are into 2017 at the soonest for being able to produce mass quantities that meet the standards for these orders.
Not to say a contract couldn't be signed much sooner.
Hopefully, those signed contracts that Kim hoped for by year's end 2015 are what is holding up the Q1 newsletter.
I know success should be PR'd but this is almost irritation in a way:
GREAT NEWS- We have added 4 NEW FIBERS to the list of fibers that we have but don't sell.
Sorry if I'm not very excited.
No email here. Checked spam folder too.
Progress is always welcome news but unfortunately this won't move the share price.
Let's get that billion dollar arrow into the marketplace. That will attract some buyers.
That's my understanding. That's why I don't know why that keeps getting posted on here as if there's a smoking gun.
Trying to understand what the point here is. He's registered in WY and doing business in MI. Okay. So what's the BFD with that?
Thanks for the link. That looks like a much better translation of the same article I just posted.
Vietnam textiles clearing the decks for FTAs
Vietnamese textile companies are getting ready for the introduction of a wide array of Free Trade Agreements (FTAs), hoping they will usher in an age of unparalleled growth and prosperity.
The Vietnam National Textile and Garment Group (Vinatex), the nation’s largest textile company, plans to invest US$91 million to construct a second plant on a 3.7-hectare site in the southern province of Kien Giang.
The plant, scheduled to open by the spring of 2017, will have 32 production lines and the capacity to produce 12 million items of clothing annually.
It is expected to bolster revenues from exports by US$37 million.
The company's first plant was erected in the same province in early 2015. With ready access the sea and a close proximity to Ho Chi Minh City, Kien Giang is rapidly transforming into a new thriving hub for the textile industry, thanks to FTAs.
Trade pacts such as the Trans Pacific Partnership (TPP) when they come into force will eliminate tariffs in many areas but, in principle at least, will only benefit clothing manufacturers sourcing materials from within the 12-member TPP community, due to the mechanism called the ‘rules of origin’.
Currently, most imports of sewing materials to Vietnam come from China, which did not take a seat at the TPP negotiating table.
Anticipation is as a result, growing that the local demand for materials and intermediary goods will increase in Vietnam, hence the upfront investments in the textiles supply chain and related activities.
An Phuoc, another textile company, is set to spend US$28.2 million (VND628 billion) to build a silk plant in Thanh Hoa Province in central Vietnam. Construction will start as early as April 2016 for a scheduled opening in February next year.
Overseas players are also eager to invest early. US-based Kraig Biocraft Laboratories, which produces artificial fibres, said in March it will establish a subsidiary in Vietnam along with a research base and a facility to produce test products.
It will also cooperate with the Vietnam government in studies pertaining to innovative, new material products and silkworm development.
In June of 2015, Taiwan's Far Eastern group broke ground on a plant in Binh Duong Province in southern Vietnam that had a budgeted cost of US$274 million. It will be the company's third production base following Taiwan and China.
The new plant will have a range of production lines capable of producing synthetic fibres, spinning and dyeing.
Last year, the Republic of Korea’s Rio Industries launched a plant in the central province of Quang Nam that had an initial investment of US$6 million, capable of producing 4,400 metric tons of synthetic fibre annually.
While the economic prospects for Vietnam look bright for foreign direct investment and the country's large textile companies, local small and midsized companies are not quite as enthusiastic about the FTAs.
They account for roughly 80% of Vietnam's 3,000 or so textile market and related companies.
Lacking the finances to increase capacity or build new facilities for materials production domestically, they stand to benefit marginally from the FTAs, and many could even suffer once they come into force.
Translation isn't great, but it at least shows a definite drive on the part of the VN to procure the materials locally to help rebuild their textile industry.
As a result, the demand for local procurement of raw materials and intermediate material is by expectations that go increasing in Vietnam, prior investment has been boosted for the apparel of the supply chain and related activities.
Is another textile company An Phuoc, Inc., to build a silk factory in Thanh Hoa Province in central Vietnam, with plans to invest 28.2 million US dollars (628 billion VND), construction is started in April 2016, it is expected to be opened in February next year.
Has been orchestrated to undertake to also invest in early foreign capital, Kraig Biocraft Laboratories, Inc. of the United States capital to produce chemical fiber also March, we are trying to establish a subsidiary that has the facility to perform laboratory and product testing in Vietnam It revealed that.
Also in this company, it is set to be carried out research on innovative new materials products and silkworm in cooperation with the Vietnamese government.
The article date didn't show up in the translation but the google search says it's 17 hours old:
http://apparelresource.asia/news/item_2292.html
2 years ago certainly would've been nice.
Although, as others have mentioned, KBLB is breaking new ground here. If we look at how long it took Monsanto to get corn into Vietnam, Kim is actually ahead. Monsanto was talking to VN way before VN signed the Cartagena Protocol in 2004. GM corn didn't finally get approval til 2014.
Monsanto also had the advantage of producing evidence from other countries that were growing GM corn- both environmental and economic impact studies. Not to mention producing documents showing actual ROI on GM crops. This HAD to make GM corn easier to swallow.
Now enter Kim. He's got a transgenic silkworm. No country has approved it. There's no economic track record or even a single environmental impact study on the subject. He doesn't have Monsanto's budget. All he has, apparently, is you, me, and 23 other guys.
Don't know if another country would have been the way to go. I wish it were happening faster. I'm just hoping there is some income soon.
Thanks for posting it. After the drive-by shooting from nana, this stock could use some pumping.
Get at least a partial fill today?
You would certainly think it would light a fire under someone's ass to increase textile exports. I don't know what else VN has on the horizon but I'd think that shipping metric tons of the holy grail would be the fastest way to regain ground.
You buy at the ask. If the ask didn't hit your limit order then you won't get a fill.
The bid is what you can sell it for.
There's more to it than that. But you've no recourse with your brokerage if the ask never touched your limit order. (Among other possible reasons).
https://m.theonlineinvestor.com/investor_s/knowledge_center/bid_ask_size/
A Vietnamese business acquaintance told my For What It's Worth Department yesterday that the "mutant worms with the red eyes" are a hot topic among the silk farmers in the region he's from.
I mentioned him a year or so ago. He is from the Bao Loc region of the Lam Dong province. He's been in the USA since 1982 but his family used to farm silk in VN. They no longer do but he still has relatives there who do.
A year ago I'd asked him for info and he said he'd see what he could find out. That ended up being a big fat zero. Yesterday he said that his region is rife with rumors. e.g. "Silk is making a comeback" "everybody wants to grow mulberry trees to sell for food", "government will control who gets the new worms", "everyone can have some", "no one but the wealthy and/or the govt. will get them" etc. etc.
No one that he knows has any more info than we.
He said that all the new road construction and mulberry planting in the region is making more sense now.
You're forgetting about all the market maker manipulation at play here. Sure it sounds like much wasn't traded today, but just think how much money those evil manipulators made today off the spread. Had to be AT LEAST 40 bucks!!
Yes. Those are good points. Wonder what took so long to release that. Could have at least released it after the VN deal was PRd.
Looks like they didn't get it edited either.
Possibly thought they were about to release some other news but couldn't hold off any longer?
At least they're still claiming 2016 as the year.
Rogue nations and the black market- that's who would buy the silk. Two very big customers whose business I'd rather not cede.
No. Everyone doesn't get it. One person today spent lots of time talking in circles today and actually said, "They WILL be discovered and they WILL be stopped. The bottom line of the company can only be improved by this sort of activity." The justice department says they're not having luck stopping them and even calls it a "national security emergency".
Seriously, in light of the overwhelming evidence accumulated by the justice department, to say such an ignorant thing is shocking.
? "Either way, it is a fix."
It's a fix sometimes when done by a corporation. But a Chinese company isn't what Kim should fear. It's the state.
There has been some success with patent infringement cases with private Chinese companies. But ZERO success with the state sponsored theft. The Chicoms aren't scared of patent lawyers.
Jan 17, 2016
"Lesley Stahl: What is their ultimate goal, the Chinese government's ultimate goal?
John Carlin: They want to develop certain segments of industry and instead of trying to out-innovate, out-research, out-develop, THEY'RE CHOOSING TO DO IT THROUGH THEFT!
John Carlin is the assistant attorney general for National Security with responsibility for counterterrorism, cyberattacks and increasingly economic espionage.
The Justice Department says that the scale of China's corporate espionage is so vast it constitutes a national security emergency, with China targeting virtually every sector of the U.S. economy, and costing American companies hundreds of billions of dollars in losses -- and more than two million jobs."
Silk is big business in China. If Kim has what we are all banking on then don't kid yourself- the Chinese government is not above stealing the IP and there won't be a damn thing anyone can do about it if they choose to. No one is starting WWIII over silk.
http://www.cbsnews.com/news/60-minutes-great-brain-robbery-china-cyber-espionage/
Yeah. True. Still hopeful though!
I've no doubt that Kim is more in tune with the security threat than I am. Can only hope they've got top notch cyber security at ND, KBLB, UW.
I do believe the IP will be stolen and copied eventually. I just hope I've made my money by then.
Really? " This topic is complete hogwash. The entire reason the topic of the Chinese ever got brought up is to scare people into thinking that they will be ripped off."
No. It was brought up by Rayo. He commented about how valuable this would be to the Chinese. He's right.
Then Mojo and I both made comments about how China is notorious for stealing IP and that they won't buy it, they'll steal it. Which is true.
I backed up my statements with fact after fact. You got busy bloviating like you always do and spent your time talking in circles.
Apologies to everyone who had to endure a day of posts because you can't admit that's it's an empirical fact that China is notorious for robbing the world blind.
Just for fun, here is even more info on how great it is to do business in China. Apart from the racists at the FBI and the bipartisan Commission on the Theft of American Intellectual Property,...
"A growing number of US companies operating in China say they plan to move their business out of the country according to a recent survey by the American Chamber of Commerce in China.
Businesses reported that labor costs, regulatory challenges and THE THREAT OF IP THEFT were the main reasons promoting US businesses to pack up shop in China."
http://shanghaiist.com/2016/01/21/amcham_survey_business_leaving_china.php
And just for fun, here's an outline of Google's love for China:
http://m.huffpost.com/us/entry/422488
Wow. You'll have to let the FBI know not to worry about China.
Ford isn't worried?
"But if you are Ford motor company you are not worried about fake mustangs. It takes too many involved to produce a mustang to have them all in on a fake "
Ford
WHAT HAPPENED: According to the U.S. Attorney for the Eastern District of Michigan, Xiang Dong Yu stole 4,000 design documents from Ford Motor Company before heading off to a job with "the China branch of a U.S. company" in December 2006.
FALLOUT: Yu was arrested in 2009 upon returning to the U.S, and pled guilty in April 2011 to two counts of theft of trade secrets. He was sentenced to nearly six years in jail and subsequent deportation.
And here's another example a bit closer to home:
University of Wisconsin
WHAT HAPPENED: A research assistant named Huajun Zhao was accused in April of having stolen samples of an experimental cancer treatment substance from the office of a professor, apparently with the aim of obtaining research funding in China. He even attempted to delete the professor's original records in order to solidify the impression that he had created the treatment in the first place.
FALLOUT: Zhao accepted a deal last week that dropped a more serious economic espionage charge in exchange for a guilty plea to computer fraud, according to local news. He was sentenced to time served, plus two years of supervised release.
http://www.networkworld.com/article/2356809/security/115080-Red-handed-The-9-ugliest-allegations-of-China-based-IP-theft.html#slide8
Who is the person that said production won't happen?
To not know that China steals IP from the west is to be a shining star of ignorance. Spare me your use of the race card. Facts are on my side.
The 2013 report of the prestigious bipartisan Commission on the Theft of American Intellectual Property certainly indicates that Chinese cyber-theft should top the list. It states, “The scale of international theft of American intellectual property (IP) is unprecedented — hundreds of billions of dollars per year, on the order of the size of U.S. exports to Asia,” and concludes, “China is the world’s largest source of IP theft.” The FBI agrees.
Read more: http://dailycaller.com/2015/09/24/china-is-stealing-american-property/#ixzz42VicJAGV
Agreed. I thought the same thing. The Chinese don't pay for things. They either copy or steal it. Just a fact. They're the looters of the world.