If we had some eggs, we could have eggs and ham. If we had some ham.
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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.
I don't think it will take that long. I've read many articles about Vietnam fast-tracking and incentivizing foreign investment in certain sectors.
"In agriculture, the sectors being offered incentives are: cultivation and processing of agriculture, forestry, and aquaculture products; afforestation and forest protection; salt production; fishing and ancillary fishing services; production of plant varieties, animal breeds, and BIOTECHNOLOGY products."
http://vietnamnews.vn/economy/269069/new-investment-incentives.html
Yeah. Wishful thinking. App not working worth a crap today or I'd have checked old messages.
We'd have seen it in the earnings that there was a sale anyway. I would think DS would be prime candidate for a blimp- strong, light, flexible
Is Dragon Silk the "woven fabric for strength" on the Airlander? Would be nice if it were:
" The super-strong hull material has been specially designed for Hybrid Air Vehicles by Warwick Mills and assembled by ILC Dover, the company who make NASA spacesuits. Its innovative composition includes a woven fabric for strength on the inside, and a Tedlar layer for protection on the outside, sandwiching a mylar film to retain the helium. "
Read more at http://www.blabbermouth.net/news/iron-maidens-bruce-dickinson-has-ambitious-plan-for-worlds-largest-aircraft/#iv6WT7eUHU8wFUTc.99
I would think 2017 at the soonest. But Kim did talk about a contract or two being possible by year's end 2015. How? Maybe they were willing to sign a contract if VN deal was done. If so, hopefully they'll sign soon. Maybe they didn't want to begin with prototypes until there was evidence that Kim could deliver the quantities they need.
I think that whether there's a contract announced or not, 2017 is optimistic for massive production quantities.
Could be a very nice spike if a contract is signed with a household name, but I'm not expecting a good earnings report for at least 12 mos.
Agreed. Kim couldn't make that kind of deal anyway without the nod from ND and UW. - Unless I'm mistaken on who owns what.
The saying in the US is also "couldn't care less". It just bugs the crap out of me when people say it wrong. I was being a smart ass.
Huh? Not sure I understand your point about Kim and the share price. First you say he doesn't care, then you say he does.
"Kim Thompson Does Not Seem to Care about the SHARE PRICE..." (DOESN'T care)
He could care less." (DOES care)
Which do you mean? Do you think he cares or not?
Forgot to post my translation
Kraig Labs will establish a subsidiary in Vietnam and open a research center and pilot production of silk commodities.
Manufacturer of artificial spider silk leading investment in Viet Nam - England 1
Kraig Biocraft Laboratories, a manufacturer of artificial spider silk leading, recently announced that it has signed a cooperation agreement with Vietnam government agencies to develop technology and high-end silk production in Vietnam Male.
"Under the terms of this agreement, Kraig Labs has agreed to establish a subsidiary in Vietnam and open a research center high-grade silk material, as well as pilot production of this material," the press release from Kraig said.
Kraig Labs has created an efficient method to produce high quality silk via genetic modification technology. Thus, Kraig products have high quality and good elasticity, maybe even higher quality than natural spider silk. Kraig Dragon Silk fibers is considered likely to reshape the textile industry, textile Fibre2fashion website said.
"The agreement on research and manufacturing to Vietnam to lay the groundwork for Kraig production and further development of advanced textile items," Kraig said.
Nothing new in it but here's another site talking about KBLB:
http://www.ccfgroup.com/newscenter/newsview.php?Class_ID=600000&Info_ID=20160303009
I think it's reasonable to assume that the new legal framework for the GM animals looks somewhat similar to the framework that exists for GM crops. I haven't seen any news regarding any amendments to Bio-Saftey Decree 69 that would establish a provision for GM animals but I assume something changed or there would have been no PR. I've also seen no news regarding the issuance of a bio safety certificate so I'm guessing we are possibly at step IV. Just guessing that the new pilot facilities will need to have an environmental impact study done before MONRE would issue the certificate. (Assuming the BS Certificate is necessary.)
I DID see somewhere that Monsanto (and others) had to file their own applications for the certificate. I wonder if that was the "clerical matter" that Kim had to address. Who knows. I can't even guess at a time frame and I may be barking up the wrong tree.
Vietnam’s Over-arching Bio-Safety Decree Approved
On June 21, 2010, Vietnam’s Prime Minister approved Vietnam Bio-safety Decree 69/2010/ND-CP,
replacing Vietnam’s first ever Bio Safety Regulation approved in 2005 (VM5062). The new Bio-Safety
provides legal frameworks for bio-safety management of genetically modified (GM) organisms, genetic
specimen, and products derived from GMOs.
The Decree consists of nine chapters and five appendices.
Chapter I : General Provisions
Chapter II : Risk Assessment and Management of GMOs
Chapter III : Scientific Research and Technology Development of GMOs
Chapter IV : Trial of GMOs
Chapter V : Bio-Safety Certificate
Chapter VI : Approval of GMOs to Use as Food, Feed
Chapter VII : Production, Trade, Import, Export, Transportation, Storage of GMs and GM products
Chapter VIII : Information on GMOs and GM Products
Chapter IX : Implementation Provisions.
Appendix 1 : Required Information for Transportation, Transit; and Imports of GMOs
Appendix 2 : Application for Field Trial of GMOs
Appendix 3 : Field Trial Planning
Appendix 4 : Required Information for Risk Assessment Reports of GMOs to
Environment and Biodiversity
Appendix 5 : Required Information for Risk Assessment Reports of GMOs to Human
Health
http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Agricultural%20Biotechnology%20Annual_Hanoi_Vietnam_7-8-2015.pdf
Yeah, translation software isn't that great just yet.
Something made google translate put "male" there. My guess is that there was a pronoun or maybe a definite article there that needed to agree with a masculine noun or antecedent.
Manufacturer of artificial spider silk leading investment in Vietnam
Wednesday, 03/02/2016 | 10:46 GMT + 7
Kraig Labs will establish a subsidiary in Vietnam and open a research center and pilot production of silk commodities.
Kraig Biocraft Laboratories, a manufacturer of artificial spider silk leading, recently announced that it has signed a cooperation agreement with Vietnam government agencies to develop technology and high-end silk production in Vietnam Male.
"Under the terms of this agreement, Kraig Labs has agreed to establish a subsidiary in Vietnam and open a research center high-grade silk material, as well as pilot production of this material," the press release from Kraig said.
Kraig Labs has created an efficient method to produce high quality silk via genetic modification technology. Thus, Kraig products have high quality and good elasticity, maybe even higher quality than natural spider silk. Kraig Dragon Silk fibers is considered likely to reshape the textile industry, textile Fibre2fashion website said.
"The agreement on research and manufacturing to Vietnam to lay the groundwork for Kraig production and further development of advanced textile items," Kraig said.
Said Kim Thompson, CEO of Kraig, this agreement is a new step after two years of Kraig conduct negotiations with Vietnam. At the same time, this is also part of a strategy to bring fiber production technology advanced to the advanced materials market valued at billions of dollars, Kim added.
Currently Kraig is in the process completing the necessary procedures to establish subsidiaries and plan future activities. In the coming months, will complete license Kraig established subsidiaries, leased production facilities, recruitment and training of local personnel and began cross-breeding between the silkworms of the Company's commercial silkworm Vietnam.
http://m.nhipcaudautu.vn/doanh-nghiep/tin-tuc/hang-san-xuat-to-nhen-nhan-tao-hang-dau-the-gioi-dau-tu-vao-viet-nam-3301743/
Just wondering if the process will be similar to the corn approval. If so, looks like KBLB will need the biosafety certificate.
See the article for insight to what GM corn went through. I've posted it before. Wondering if KBLB is in the midst of same approval process:
http://www.vir.com.vn/first-bio-safety-certificate-granted-to-genetically-modified-corn-in-vietnam.html