If we had some eggs, we could have eggs and ham. If we had some ham.
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You should have said "young grasshopper" at the end of your quote.
But it was awesome anyway.
I've got to defend Rayo on this one.
We all know Yankee is the man on the street who introduced Kim to WM. So Yankee knew the right people inside WM to make that happen.
So when Yankee said, "Many positive developments via WM will be announced this year." - we can only assume that came from Yankee's friends who are inside the building.
So technically, Rayo is right. It was OUTSIDE information that only CAME from the inside.
So you're both right. See? Can't we all just get along?
Wow Bob
"Well, I feel like I did my part. I ranted and raved to Ben for fifteen minutes, and I sent him an email after I spoke to him repeating the same points.
I complained about not hearing a thing about WM or BR for such a long time. I guess that helped wake up the sleeping giant. "
I think it might be time for you to cut your losses and sell now. I just don't see why you would still own this stock when you run the company down this badly. I think if you're that upset with Kim and company that you've got to call his deputy and rant and rave, it's time for you to find another stock to invest in.
I think if you follow the dots backwards and try real hard to pay attention, you'll see that I wasn't talking about Kim.
I don't think he's actually inside. My sources tell me that right now he's in the building across the street with a telescope.
This letter is good news. Won't help the share price much but might slow the bloodletting. Looks like it pays off to post some stinging criticism on this board after all.
The see-no-evil-gang should be happy we got a letter out of Kim. Maybe the next time we gather with torches and pitchforks, the loyalists won't advise us to sell and go away.
Thanks to all the critics who helped create the newsletter this morning! More of us should shout and scream more often. Sounds like the flood of panicked calls and emails to Ben et al did some good.
If you've read any of my posts these past few days you know I'm very critical of Kim, so I'm not just asking this to argue with you...
You said, "....many many expert forecasters are predicting economic collapse in less than a month".
Could you be more specific with names and/links?
I'm unhappy as well but I have yet to see a forecaster say ANYTHING even CLOSE to that. I'd sure like to see it if it's out there. Thanks in advance.
That's pretty good. I'd like to see Kim write that clearly. Very plausible too.
You should try to secure that IR job!
Yet here we are again. "Déjà vu all over again" as you said earlier.
Kim does and doesn't do stuff without one second of consideration for those who brought him to the dance.
Well this is just wonderful.
Seriously, somebody needs to take Kim behind the woodshed and teach that jackwagon a lesson in respect for others.
Since Bob showed us an icon that represented his mood this morning, I was inspired to change my profile pic to reflect my reaction to the news that Kraig Labs closed its lab.
Was there a name change too? Is it just "Kraig's Place" now?
You forgot Kim.
When you said, "...does it (his job) from his house while sitting around in his underwear???"
Apparently Kim has been doing the same since June 30th when he closed down the lab without a word.
I can't see the green either.
So Mojo, since you're one of the very tiny minority who has accurately predicted both Kim's behavior AND the share price, is it really possible that Kim thought a tiny thing like closing his lab down without explaining himself was something the shareholders would give him a pass on?
Was it incompetence, arrogance or is he just sneaking away in the night?
I think it could go sub .01. You should wait till then. Kim's apologists have nothing to say that can stop the bleeding. There's no info out there. I think there will be blood in the streets as it blows through .02 without slowing down.
Wouldn't surprise me if Rice has his resume out there. Stan does. Susie does.
Sure is. Sounds like the beginning of the end.
Is Kim so stupid as to make that public without his shareholders knowing the plan. If any? I guess so.
What a shame all the pundits on here dismissed Stan the man's info as heresy. We could all take refuge in the fact that there's a multimillion dollar factory in Taiwan.
Poor Stan was burned at the stake without even a hearing.
Wait, maybe those who quickly dismissed Stan as a huckster could revisit the theory. Maybe he told the truth after all! Maybe we could adopt Stan's factory as canon and use that to keep our spirits up.
Bingo! "Anyone that's been here a while knows that January 2016 getting here with zero contracts, and no more mention about it, is a real possibility. Where does the SP go then? If this is another "mid-year" type statement... ugh I hate to think about it."
If this is more "mid-year" crap, we can stick a fork in this thing. Like I've said before, we're either going to make a ton of money or lose every penny.
It's quite obvious that Kim blew it with credibility this past year. He's claimed he's got the goods and can deliver the goods yet his performance has earned him absolutely ZERO credibility. Not me talking here- it's the market.
So why am I (and others who complain) still here if we'd like nothing more than to see Gunnery Sgt Hartman dress Kim down for a few hours and PT him until he pukes?
Because we know that UND, UW, Vietnamese Govt, and Warwick Mills (hopefully WM is still at it) thinks that this project is doable.
You see, we can be pissed at that jackwagon Kim and still know there's value in this project. The fact that Kim so disrespects us as shareholders is only part of the equation.
See GY SGT Hartman here:
It's not a trader's stock at all. The volume is way too low to trade this thing. No traders are here. If they are, they're amateurs with a few hundred bucks at stake.
We are here because the science is sound according to credible witnesses. Kim is the problem. He needs to admit that leading and interacting with people is not his skill set.
He really is clueless. Pathetic. At least I hope that's the case. If he's not that, he's an arrogant ass who will sink the ship before he realizes he needs to replace himself with a person with at least minimal communication skills.
Quote: "One doesn't have to either be impatient or frustrated to see that (based upon the information provided for public viewing) the possibility of stagnating points in the business model either has occurred or is occurring.... "
True. This was true a year ago when "mid-year" came and went with no metric ton announcement. Ben said "it will be announced as soon as he's able to do it". Or something like that. Never happened.
Those who suggested that Kim couldn't deliver on the metric tons were burned at the stake.
Then Kim admits they'd had trouble but it was all fixed. "Well that didn't include MS!!! Anyone who says it did is a fool", said the pundits on here. Again, more heretics burned at the stake.
Then Kim took a vow of silence and cloistered himself for 8 months. He emerges from his bunker and shouts "almost there! Really! It's true this time and you'll hear allllll about it in the newsletter". Newsletter comes out-no metric tons- no deals-no farms- and NO mention whatsoever of his only friend Charlie. And whoops, almost forgot... The biggest news of all... Yes, we are engaged to be engaged to Vietnam. No wedding date is set just yet but we are committed to talking about making a commitment!!! OH! but we are sooooo dang close this time. It's just got to be true!!!
All Mr. Triple 9 had to do to keep himself from being viewed as Mr Triple 6, was be honest and more transparent. He made it worse by hiding. I'd have been fine if he'd said "we've had a setback and pushed our expected rollout date to X". No, he felt he owed us nothing.
And the "see no evil" gang on this board made it worse by their refusal to admit that things might not be that great in Neverland.
The science may be good and this might turn out alright after all, but Kim's behavior this last 1-2 years is indefensible.
Mojo and Abom have been right all along. Kim absolutely BLOWS at being a CEO of a public company.
Yes, we have a few stagnating points.
There are warehouses stuffed full of MS, BR and DS. No one has said that yet, you're supposed to "just know" that by now by connecting the dots and reading the tea leaves. Kim is the most honest and smartest man who ever walked the earth and he said he would have metric tons a year ago so he does. Period.
We are on the honor system here at the KBLB message board. We believe everything Kim says AND doesn't say. We have no reason to doubt him because he has never over promised or missed a self imposed deadline. There are some on this message board who are close personal pests of Kim and take offense to your doubts.
There are double secret meetings going on as we speak that he would tell you about but would be forced to kill you shortly thereafter. So really, for your own safety, you're better off not knowing anything with any certainty. Just keep the faith and send in your checks.
Unfortunately, the investing world believes that the only thing Kim has on the market is BS. This is why we're driving down interstate 3 and heading south.
Hopefully, as sales of even BS continue to decline, Kim can get a deal cut with MS.
Here's a quiz for you.
Would you rather...
A. Give away 1 million shares at .03?
B. Give away 500k shares at .06?
C. Don't make no difference to me none.
HINT: 500k shares is half of 1 million shares.
If you answered C (which you already did) then you should stop speculating on startups.
So B is the correct answer. If that's still confusing for you, I don't know what to tell you.
Right. Silly me. It's better to give even more shares away to finance this project.
And I don't have a flipper. Don't know why you suggest I have one.
Correct. Especially the part where I said it could be lies.
He didn't do the hiring. He was hired. Doesn't matter what reason it was on his resume. It was on it. Nobody, except an idiot, highlights as a "major assignment" a project that didn't bear fruit.
He might say he consulted on projects for such and such, but you're not going to name the company unless it was a success.
Then he claims to have been hired at kblb to write press releases (among other things).
He sure seems to lie about stupid things. Since the factory doesn't exist and he's the world's worst at his job at kblb - with his PR writing and his inability to improve public perception of kblb.
He's the world's worst resume "padder" if that's what he's done.
So that leaves two possibilities:
1. Everything he said is true and he sucked at his job(s) and he's the worst resume writer ever.
2. He's an idiot. You don't boast about consulting on a factory that didn't happen and you don't brag about being in charge of "public perception" at a company whose daily trading volume is less than I have in my wallet right now.
Nobody pads their resume with failed projects unless they're the dumbest bastard alive. It was either true or he's the dumbest bastard alive.
An interesting article below.
http://knowledge.wharton.upenn.edu/article/how-a-detour-can-help-start-up-success/
...a start-up might prefer to license its technology to a big corporate partner, but cannot land a strategic alliance because its product is unproven. These are two scenarios that can beset many start-ups.
...start-ups should consider taking a strategic detour if a direct path seems unattainable at first. While people might see victory as a straight ascension, sometimes the road to success goes sideways before going straight up...
...They advocate a “switchback” strategy, a technique used by mountain trains such as the Darjeeling Express. These trains navigate steep inclines by going sideways while still continuing to ascend. “The analogy that we use in the paper is the idea of scaling a mountain,” Hsu says. “The most efficient way of doing that is to bolt straight up to the top. But a lot of times, while that may be the most efficient way, it’s not very feasible.” Instead, start-ups can use a switchback just like the mountain trains. “If you could zig and zag your way up to the mountaintop, you’re going to take some detours that may feel a little bit less efficient. But the payoff there is you could easily get up to the top.”
Lam Dong has regarded science and technology as the driving force for growth and development along with environmental protection
Update at 08:36, Wednesday, 27/05/2015 (GMT + 7)
Reporter: Sir, after several days of surveying and work in Lam Dong, his personal remarks about your field of science and technology (S & T) in the locality?
Mr. Phan Xuan Dung: We are glad to be back to Da Lat city, Lam Dong province in particular and in general, witnessed many remarkable achievements of local, over time growth of provincial (GRDP ) to 14%, of which agriculture, forestry and fisheries increased by 7.8%; Industrial - 20.8% Construction ... A very important result for us is the development of high-tech agriculture locally. To do that, the local government has many policies to attract high-level human resources to local, attracted many scientists, many professionals not only from the public sector but also have the non-state enterprises involved; attract scientific and technological personnel from many countries and regions in the world top. Just so, the quality of agricultural products of high technology, product quality of Lam Dong has affirmed its position. That result can not be separated but had close ties between science and technology with production and business to economic development - society in the province. And in fact, science and technology in the province of Da Lat, Lam Dong province has made ??progress. Accordingly, the market is developing science and technology, and this is a big market to promote further interest.
Reporter: Sir, director of Lam Dong Department of Science and Technology said in 2015, the field of S & T is spending 22 billion, just over 1% of the provincial budget. And in the opinion of a provincial leader, as stipulated by the Law on Science and Technology, the State budget is spent 2% (of total local revenues). For Lam Dong province is very difficult. They said that we do not create a legal framework to the scientists, the business use of investment resources from the budget, policies to attract the scientists is limited. As Chairman of the Commission of Science, Technology and Environment of the National Assembly, how he is perceived?
Mr. Phan Xuan Dung: In my opinion, it is necessary to review the calculation of the total investment in the field of science and technology in the province of Lam Dong. Total investment cost for this field not alone from local budgets that take into account the investments of the Central; Other localities like Hanoi, Ho Chi Minh City to the province of Lam Dong province, on the vegetable and flower Dalat by the same research program, jointly implemented. Not only from other locations but also from the schools, the scientific research base, the targeted programs have also invested in this potential locality. Besides the investment in research and deployment of domestic enterprises also have a large investment from enterprises and foreign organizations for Lam Dong province. Lam Dong has over 50 establishments nursery is very remarkable results and promotion. Therefore, the total investment in S & T to Lam Dong in fact be much larger numbers, not just the budget 0.67% as reported. In other words, to create resilient growth of 14% / year is not just the money from the budget, but also from a lot of sources. That is, I want to confirm S & T in the province have come to life. Environmental issues also in this direction have been invested not less. Obviously, the overall picture of investment in science and technology and environmental protection must be fully calculated and clearer. From here I also suggest investing from local budgets for science and technology needs under the orders of science and technology topics for schools, research institutions, the Science and Technology ...; integrated projects, local topics, with the task of studying and implementing agencies and organizations within and outside the province and abroad to produce power, solve the various problems contact, to solve local.
Complete interview here:
http://baolamdong.vn/khoahoc/201505/chu-nhiem-uy-ban-kh-cnampmt-quoc-hoi-phan-xuan-dung-lam-dong-da-coi-khoa-hoc-va-cong-nghe-la-dong-luc-cho-phat-trien-va-phat-trien-di-doi-voi-bao-ve-moi-truong-2417491/
I guess I was up too late last night. Not only had I seen it before but I posted it before. Oh brother.
I guess I'm starved for any scrap of info I can gather.
Post 86841
Yeah. Found it again on a website dated January 2015.
Nothing revelatory or exciting in it anyway.
The article I posted tonight says the opposite. Lam Dong requested it- the Feds (MARD) stopped it.
Lam Dong wants to do go ahead with kblb but the Feds stalled it.
They're poor and are hoping kblb will revive lam dong sericulture.
"""On 26/12, the Department of Agriculture - Rural Development (MARD) Lam Dong said: MARD had formal opinion on the proposal of Lam Dong province in Official Letter No. 53 / Committee-NN dated 11.17.2014 sent to MARD in Lam Dong suggest allowing cooperation with foreign corporations conducting transgenic silkworm rearing - hybrid spider silk. According to Official Letter No. 10 246 / BNN-Sun of MARD, the Lam Dong temporary project not implemented hybrid silkworms with spider reason we have sufficient capacity to manage the strange animal genus genetically identifiable " Hybrid spider silk "is. """
http://baoloc.net/news/nuoi-tam-lai-nhen-co-hoi-hay-moi-nguy-hai-7.html
No date that I can find.
HYBRID SILKWORM REARING SPIDERS, OPPORTUNITY OR THREAT?
On 26/12, the Department of Agriculture - Rural Development (MARD) Lam Dong said: MARD had formal opinion on the proposal of Lam Dong province in Official Letter No. 53 / Committee-NN dated 11.17.2014 sent to MARD in Lam Dong suggest allowing cooperation with foreign corporations conducting transgenic silkworm rearing - hybrid spider silk. According to Official Letter No. 10 246 / BNN-Sun of MARD, the Lam Dong temporary project not implemented hybrid silkworms with spider reason we have sufficient capacity to manage the strange animal genus genetically identifiable " Hybrid spider silk "is.
Results of a new study
According to a written request of Lam Dong province, spider hybrid silkworm rearing is an entirely new field of agricultural production of Vietnam, and of course for Lam Dong Province - one of the major local occupations sericulture. According to this document, recently, the Group Kraig Biocraft Laboratores (KBL) has put the issue of cooperation with Lam Dong testing hybrid model sericulture and silk spider to grab Lam Dong has been agreed in the policy . However, with the written reply of the Ministry of Agriculture and Rural Development, this program can be stopped.
Dispatch of MARD, said: "The management of genetically modified animals and genetically modified organisms is a new field in the world in general and Vietnam in particular. For genetically modified animals, very few in the world policy applies to trials to evaluate the effects on the environment and biodiversity, largely due to difficult risk management. Currently in Vietnam there is no legal framework and inadequate management capacity to new areas ". Therefore, in the written replies suggest Lam Dong province, MARD has asked Lam Dong temporarily not to deploy the combination with KBL Group project transgenic silkworm rearing until Vietnam has legal framework in this field.
Notably, the written reply of Lam Dong province, MARD stating only reason is because Vietnam has no legal framework on this new field should be temporary rather not implemented denied spider hybrid silkworm rearing with its benefits.
According to the expertise of Lam Dong DARD, not only works for the silkworm silk new "do" is that some other animals, including spiders, also for silk. But so far, most of the nations of the world only take animals almost solely silkworms to produce silk, but no other animal can "compete" with silkworms. However, recent research by many scientists around the world showed that spider silk as well as animal silk and spider silk as a material is very special: There are mechanical strength superior to silk, used in military technology (bulletproof vests), in car manufacturing technology ...
However, according to research by scientists around the world, although there are a few advantages compared with gossamer silk but was not selected in daily life by the restrictions: The length of spider silk fibers are often too short (only about 20 - 30 cm than silk yarn per 1,000 m); to get spider silk fibers, need a "technology" special silk cup and almost have to do it manually; and finally, raising silk spider to get extremely hard, totally unlike silkworm rearing, ie can not feed into "herd" as silkworms, spiders make silk and best is predatory spiders should increasingly difficult to raise.
The careful necessary?
Based on animal studies last two spinneret, recently, a number of scientists from the University of Wyoming (USA) conducted a new study and succeeded: Transplanting a string of spider genes into silkworms and the spider silk genes have implanted a kind of elastic silk and spider silk durable but almost equal in length to the length of silk.
In other words, the normal worm, scientists can make it genetically so that it can produce synthetic silk protein containing substances such as spider silk and silk have characteristics superior to conventional silk. With these results, the scientists set expectations for the future, the world is fully capable of producing an entirely new kind of silk worm with genetically modified to produce large quantities of ultra fabrics durable, even producing the bulletproof vest ...
According to the scientists, the genetically modified silkworm silk is also used in the medical field (bandages, artificial tissues frame, artificial tendons, ligaments, surgery ...) and in many other areas. Based on the research results of the scientists from the University of Wyoming (USA), KBL Group has chosen to Vietnam and Lam Dong to deploy hybrid spider sericulture projects. KBL why choose local Lam Dong is because this is considered the "capital" of the country's mulberry, local farmers are more experienced in the profession sericulture, and this is going local first in the country to develop high-tech agriculture.
However, speaking as a leader of Lam Dong DARD prior written proposal temporarily not project between Lam Dong with KBL Group silkworm breeding hybrid spider that: "It is very possible that this is a breakthrough new in agriculture, especially in the field of sericulture, but the law is the law; because Vietnam has no legal framework on this new field should force us to comply, that is temporarily not able to implement the project ".
Before the decision of the Ministry of Agriculture and Rural Development, public opinion also raises questions: Is such as we have missed an opportunity in the development of agriculture, namely developing sericulture job? However, there are also suggestions that the prudence of such MARD is necessary because of the genetic modification is still two conflicting streams of opinion!
I'm talking about two different pics. The one of Kim is from 9-28-2010 at 3:44 pm. No idea when the pic in background was taken.
The other pic at bottom of newsletter is from 5-14-2014 at 2:27 am.
Eski is right. Odd photo time. Must have been camera from USA taken to foreign country and camera still set at USA time.
Too bad location is not available. They're not that stupid. Lol
The picture of Kim is an old pic taken September 2010.
The other pic of the silkworms is from May 2014.
Also included in the 2012 article you mention was that Kim was in buyout negotiations back then.
I'm sure the foreign company that Kim was speaking to wants to see commercial quantities produced before they make an offer.
If Kim announces a sales contract during the fourth quarter of this year, I will expect a buyout announcement sometime next year. Unless Kim has had a change of heart.
"With the oversight of Kraig Biocraft, the silk farms will produce at least hundreds of pounds of the hybrid silkworm/spider silk, which then will be doled out sparingly to potential large-scale purchasers of the fiber.
As it sets up its first silk farm, Kraig Biocraft will continue discussions toward finding a much larger suitor to acquire the company.
"We believe that the ultimate way to capture value for our shareholders is for this company to merge with an industrial giant that services the market for technical textiles," Thompson said.
He said he is in discussions with a foreign company about such a merger but declined to discuss further details because of a nondisclosure agreement, other than to say no announcement is imminent."
Kim will sell. He's said so before. More than once.
"...Kraig's goal is to capture 2-4% of the technical textile market with Spider Silk and Recombinant Fibers, putting annual sales between $2.5-$5 billion a year. Mr. Thompson feels the big players will view Kraig as an acquisition target, and has an expectation they will merge with one of the industrial giants that currently dominate the technical textile industry."
My question is: What's the share price if sales are 2.5-5 billion a year.
http://www.newswire.ca/fr/story/206399/keros-capital-update-kraig-biocraft-labs-has-eye-on-the-92-billion-technical-textile-industry
Is there a point you're making or are you just letting me know you missed mine?
Talking about credibility. If they had any we wouldn't be at 3 cents.
3 cent share price on developmental company means no one believes you can do what you claim you're doing.
"he (Ben) said something like that could be the case if deals and other factors that he didnt talked about would get in to high gear by the end of 2015... "
Yes. "IF" being the operative word here. Even the biggest pessimist here has to agree with a statement like that. That says nothing.
Then we have to go back to plausibility.
Penny stock, no earnings, non existent PR program, self imposed timelines not met... List goes on.
The reason it shot up to .22 was the fact that the university of Norte Dame was standing on the podium with Kim. It shot up because of THEIR credibility.
Now it's up to Kim. Like I and many others have said before, show us the money.
Hell I won't be one bit surprised if we just saw the last newsletter. I've got no reason to believe that one single thing that was in the first newsletter will happen.
There are only two reasons I'm still here- Warwick Mills and ND. Apart from their credibility, kblb's got nothing.
"i lost track with the multi million dollar taiwan facility...was it ever decided that it does exist or not?...
I know the revelation drew out some who havent been around for awhile who wanted to downplay the significance and draw attention away from it...which i found rather interesting... "
These aren't the droids you're looking for. Yes, two people said as much to me.
"apparently the reasoning was that its existence would be detrimental to kblb because of the shady manner in which the facility was set up and being utilized?... "
That was a hypothesis proposed to explain why secrecy may have been necessary. - the member who proposed this does not represent the views of the most learned. Said member is surely sorry for having even speculated on such thoughts. He has been censured and is currently thinking only approved happy thoughts.
"and this was supposedly not relevant?.. "
BECAUSE IT ISN'T!!! Only things on the approved list are relevant.
The official version is- NO factory. It is 40 day old news and has been extensively discussed and dismissed as irrelevant because it's :
A. Old news
B. It never happened. Brian just thought it best to pad his resume with a failed project.
C. It's a ruse. Planted by an evil doer who wanted the share price to rise. Jerk.
To even speculate that it might exist is an unapproved position and you are not free to think so. If you buy into the existence of the factory, you must also buy the hook, line and sinker that come with it.
I'm hoping it exists. It might make KBLB more credible. But as you've just learned, that thinking is intolerable.
No earnings.
Kim not credible until he's signed a contract.
Mistrust of penny stocks.
Year of silence.
Ambiguous PRs.
That's it. Period.
Agreed. I'd hate to see KBLB get in trouble. Like I said in my post that directly related to KBLB but somehow vanished, how incredibly irresponsible of Steve.
I swear I replied to this. Must have forgotten to hit send.
So glitchy today.
I wonder if Steve is a regular poster on the KBLB board. That might explain some of the strange goings on.
Your theory is plausible.
Not sure I've mentioned this before but my son works in the OIG at the SEC. I talked to him last night and the factory not being on the books wasn't really interesting to him because it's not uncommon.
Now the idea that some folks knew info and maybe are manipulating the stock price on a message board made him perk right up. I'm taking screenshots of messages that are suddenly missing that clearly relate to KBLB (like this one).
I guess this message might disappear. Go ahead. Make my day.