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Pretty sure you mean perpetuity...
Though this hasn’t really been the case, we’ve been everywhere from 0.02 to 0.264 since 2010, with many great trading opportunities along the way.
Whilst I agree the majority of these predictions are unrealistic, there is certainly reason for optimism, we’re finally on the verge of mass production. Probably 6-12 months from multi-million dollar contracts realistically, but formal announcement of collaboration with big names could happen sooner.
Imagine what news of a tie-in with Nike or similar would do here, can you deny that this is a possibility?
In fact it seems the likelihood of this happening increases as each day passes, at some point it may even be inevitable.
Be interesting to see how much of this initial funding is allocated to Prodigy and therefore how much of the authorised $2.2 mil will remain to be funded.
Presume the cash will have to be transferred into Prodigy, think we will we be likely to see this on any of the SEC filings?
Not sure I agree with this PFS:
“The higher the actual share price, the greater the dilution”
The dilutive effect is surely based on the volume of new shares added to the o/s, the value the share price is at at that point doesn’t dictate the level of dilution.
Wow. Just...wow.
Starting to run out of negative lines of argument? presume you dumped the rest of your stock yesterday then? since it was such a great opportunity.
Also, the newsletter hasn't been produced for nearly a year, I guess management are busy realising the world's first mass production of spider silk. Glad you're keeping up ;)
What do you mean ALL the photos?
Don't think this is that unusual really, I've probably got 20yr old newspapers in my cupboard!
Is this a forward looking statement?:
“Scale up of Dragon Silk 2.0 is well underway, with the production team already raising tens of thousands of the new transgenic silkworms at the Company’s US based pilot production facility”
Not negative in the slightest, sounds to me like we have now created silk in the lab with the properties the Army required. Which surely increases the likelihood of a multi-million contract with them?
It also tells us the Army are willing to wait a few more months.
I’m afraid you’re wrong, 3 weeks from PR is tomorrow.
I agree with your post Mojo, I was referring to his mention of the "s" word, absurd that people still bring that up, totally agree that failure is still a possibility though in my view this is now unlikely.
Strongly disagree.
I’d say:
80% chance of tonnage production and sales within a year, with quite possibly initial contracts announced within 6 months.
15% chance tonnage production 1+ years.
5% slow failure.
0% scam
Do you really think the universities, scientists, textile cos, the Vietnamese Government and the US Army have been deceived?! for what? a slightly generous salary package?!
Are these parties not reputable enough?
I can’t believe anyone is still entertaining this line of thought.
What a load of nonsense.
It seems the plan is for the downstream processes to be completed by third parties within Vietnam, we will pay these companies for their services and this will form part of the cost basis of our silk.
So no investment required here per se, not to say that these functions could not be completed in house eventually but don't see this as a necessity, better to let the established/experienced companies do this on our behalf.
Can’t agree that we need anywhere near half a billion, Vietnam mass production will require up to $50mil investment over 5 years, that cash will go a long way over there.
This will provide for a 50 hectare facility and we will have potentially 1000’s of hectares of mulberry growing to support this.
Would love to see the projected output from the initial and planned facilities and the customers lined up to purchase the tonnes of silk which will be produced.
Contracts (and a corresponding share price explosion) are closer than ever.
Just to add to this, I’m based in the UK and have invested in KBLB over the years through an account with Interactive Brokers.
It’s perfectly possible for investors from other countries to set up an account and trade OTC stocks.
See below list of countries from which you can set up an account:
https://www.interactivebrokers.com/en/index.php?f=7021#
You’ll notice Vietnam is present on this list.
I can also buy KBLB directly using Hargreaves Lansdown, a major UK broker.
FWIW I don’t see a listing of Prodigy on a Vietnamese stock exchange unless it’s made a requirement, there has been talk from Kraig previously about listing on other exchanges but still a bit premature I believe.
Glad to see our time to shine is finally near.
Hi Col,
Not sure how this report is linked with Kraig, is Quang Nam joint stock company not a completely different entity? can you clarify?
Sooo... less than $9k sold today then, really don’t think we need to be concerned! low volumes as we await news.
Decent update/recap all round and feel more comfortable with my investment than I did yesterday, mixture of positives and negatives but at least we know where we are at.
The key thing for me is that we potentially have numerous imminent updates:
"New transgenic plasmid designs have been created by our in-house staff and those designs are in process now. The Company hopes to begin microinjections of these new designs in the first quarter of 2018"
"We look forward to receiving the finished woven fabric in March and plan to share images of these first woven samples of recombinant spider silk with you"
"the Company is currently working to update its investment authorization documentation ahead of the TET New Year celebration" (Feb 15th)
"The Company expects to make a key decision in the first quarter of 2018 regarding this proposal and will determine the best path forward with this offer"
With this in mind I really don't see the share price drifting much further.
Remember all, we are an OTC stock with hugely disruptive technology, we're in discussion with (multiple) foreign governments and we have a contract with the US Army. Market cap is sub $30m, IMHO anyone buying in now really is getting in at the ground floor.
I have to say after being here since 2010 I am finally getting excited.
Once we can mass produce and get product out there this will explode, and we are closer than ever.
It’s all in the original Army PR, the first $100k was for the Dragon silk shootpacks, which is still being fulfilled by year end, the remaining $900k (now granted) is for the design/supply of new fibres and will last 12 months, potentially having started from this august.
“ANN ARBOR, Mich., -July 12, 2016- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that it has received a contract valued at up to $1.0 million, if the option phase is awarded, for the development of high performance fibers for protective apparel applications. Under the fully funded base effort, valued at $99,962, the Company will deliver ballistic shoot packs constructed from its proprietary Dragon Silk™ material for performance testing. These shoot packs will be tested and evaluated for critical Soldier protective applications including ballistic impact. If awarded, the option phase will significantly expand this work with the US Army.”
Not sure I agree es1, I may be wrong but this announcement reads like the design work and production of 100kg silk is all part of the $900k contract option already exercised.
From the August PR:
“Under this exercised option, the Company will work to design, produce, and deliver additional recombinant spider silk materials tailored for the protective needs of our Soldiers”
Hopefully we’ll get some clarity in the newsletter!
Sorry folks quick lunchtime read of the PR earlier, it clearly states this silk will be made in the new Michigan Centre and not Vietnam.
Frankly I’m happy they are going to be capable of producing this volume of silk in the US.
Absolute nonsense, this work is part of the optional contract awarded which was announced in August and scheduled to last for 12 MONTHS.
We are on the cusp of great things happening here, if they can produce fibres with the performance characteristics requested by the army then the door is open for large scale multi-million dollar contracts. And the tone of this PR suggests they are confident they can.
Great that we are to be producing 100kg + within this time frame.
Also prefer the “Enhanced Tactical Fibre” name/range to Dragon/Monster Silk.
My main queries around this announcement are:
If this fibre is developed specifically as part of the army contract will/can they retain this exclusively for their use?
Will this silk be produced in Michigan or Vietnam....?
Further details will hopefully be provided in the newsletter.
Exciting times!
Lots of important financial representatives in Quang Nam this weekend
http://m.english.vietnamnet.vn/fms/business/188744/apec-2017-finance-ministers--meeting-opens-in-quang-nam.html#ui=mobile
Who knows? maybe Jon is in Hoi An with his hat in hand looking for a loan to progress Kraig’s project. Unlikely, but nice to think it’s a possibility.
Not all relevant but I like this part:
“For benefits of both people and enterprises, the Vietnamese Government will further step up reform and restructure the economy, especially the financial sector, towards improving the efficiency, competition quality, inclusive and sustainable growth, the PM added.”
Could make it easier for Kraig to get a loan/financing/investment for the Vietnamese subsidiary?
Do you plan on wasting your time posting complaints on this message board forever?
What compels you to do this?
Ts78mg,
I imagine that the science is what brought most of us here, it continues to be fascinating. I look forward with excitement to the day KBLB’s silks are used in all sorts of applications. (space elevator anyone?)
I agree that this message board descends into senseless drivel at times, this is usually fuelled by a few posters who either enjoy the conflict or are attempting to manipulate sentiment, most come and go.
It is good to hear from someone who seldom posts, I have been reading this board for many years and generally do not post, only these last few days have I had the time and inclination to contribute (though mostly just contributed to argument!)
To those who bring focus to the board I can’t thank you all enough for your time and effort in unearthing and sharing your DD with us all. I’m sure that for every poster there are many others who remain silent.
Mojo has always been fairly clear about his strategy of holding for as short a period as possible when he expects a rise due to positive news/technicals. I respect his consistency and he does bring much needed balance to the board at times. But I suppose I struggle to get my head around why someone would post thousands of negative comments on every aspect of the company without some sort of agenda.
Anyway, not long until close, lets hope the newsletter brings a few interesting bits of info to allow more productive discussion.
“the army gave kim a ton of time to get the first phase done...kim already needs an extension..this is not progress”
Yes but we still have an army contract which we didn’t have before, we now have a domestic production facility, 2000 mulberry trees, we have just bought a processing machine to speed up production.
This is all progress, you may argue that this should all have been done long ago, but you can’t argue that it is progress.
Not going to get any further into the CSC vs other financing argument as it has been done to death on this board.
“you are confusing the amount of posts i have on ihub with the amount of posts i have on kblb”
You are right, lets call it 6291 negative posts ?
“i have generally always made money trading kblb...my success in trading doesn't transfer over to kblb as success...if only it did... “
A very evasive answer to a simple question, since you keep dodging it I will just assume from your recent posts that you do hold shares in which case you expect the share price to go up in the short term at least.
"what company doesn't have concerns?...you don't let them paralyze you with fear... "
True, but when you are a micro-cap company on the OTC you have more reason for concern, not sure he's paralyzed, decisions have been made, progress continues.
"kim has already made major mistakes and the pps took a hit...it won't ever be all over as long as longs keep buying... "
Not exactly right, the company needs funding to run operations which doesn't come directly from longs, CSC has kept us going without major dilution, though that seems to have changed recently....hopefully for the better!
"sometimes cowards get taken out and shot... "
Haha, true, but not really relevant in this scenario.
"after 7 yrs of trying to take that hill, i hardly think it qualifies as a swift victory.. "
the whole point was that Kim is not doing trying to do this swiftly, he is doing it right in his view and with focus on keeping this company going and moving towards success.
I notice you continue to ignore my question about your latest trade, is that because its too difficult for you to say anything remotely positive about this company?
I suppose it must be difficult when your last 10000 posts on KBLB (wow!) have been negative.
You seem confused, the whole point was that Kim is not charging the hill, he is taking his time and making sure this company survives as it progresses.
It has been debated to death as to whether Kim could have done it quicker, the general consensus is that yes he has been over cautious, mistakes have been made and timelines given have been inaccurate.
In my view theirs no point in complaining about the past and we need to look at where we are now.
Lets wait and see how Vietnam and the rest of this year turns out, surely you see that we are closer than we have ever been to success!
"Tortoises in rabbit costumes" brilliant.
Very expensive costumes at that!
Also you ignored my question about whether you are still holding? expecting the price to rise in the short term at least?
"overly cautious about what?..why?..the war is on and its time to charge that hill..so what does he do?..pulls out his shovel and starts digging a hole..completely idiotic.. "
An interesting analogy.
I suppose Kim is concerned about the company he created going down the pan. Any major mistake could cause the share price to crash and it could all be over.
Sometimes when you charge the hill you get shot...and die. It's the risk you take for a swift victory.
Dig a hole and you maybe you can tunnel under the hill in safety, it may take 10x longer, but you survive! :)
The biggest news we could get in my opinion is if we are given an indication that other parties will be investing into the Vietnam subsidiary (JSC Kraig!) which seems to be on the cards.
If a major player/bank/investment company takes a stake then a value is effectively placed on the sub, which feeds into KBLBs value. At least that's how I understand it.
It also seems quite possible that once finalised this subsidiary will be listed on a Vietnamese stock exchange which will open the door to other new investors.
A view of how we are currently financing operations could also potentially be important.
Not sure inept is the right word.
Overly Cautious, probably.
Non-communicative, at times.
Genius?, yet to be seen.
Bottom line is that the company has not yet failed and this opportunity would not exist without him, complaining about the past is pointless. Let's see how Vietnam plays out this time!
Are you still holding? have a target price for your latest trade?
Ah, ok, you have repeatedly stated that nothing will happen with this company for years and that now is a good time to sell.
So what's the plan? just hang around on this message board "monitoring" (complaining about the CEO & share price) in the hope that new management is brought in?
Not sure if you meant that for me Laker! I don't plan on selling any shares any time soon, have been accumulating for years and we're finally getting close to pay day!
Quick question ruskie, hopefully you can give us all an honest answer.
Why are you here?
Yes you mention you will sell gradually so as not to crash the price, which is nice of you. However that is not why you are still holding is it? I assume you expect the share price to increase?
And what exactly would I be catching you for?!
Apologies for getting on at you but I suppose I am just tired of reading posts from people moaning about the CEO being useless, that the company is making no progress, that all communication sucks etc etc. All the while holding over $100k+ worth of shares.
I am well aware you have sold some
shares, you mention it every other day.
My point is that two weeks ago you were totally disgusted with the company and ready to sell all of your shares all the way down to 4.7cents. You gave us repeated dramatic "I'm leaving" posts, But you sold what? 20%?
What's changed that keeps you holding? you knew the newsletter was due when you made your previous statements.
Followed through?
Your quote from two weeks ago:
"Wait till I start dumping my 2 million shares. I'll try to do it gradually so as not to drive the price down much but at this point , I'm so disgusted with this company that I'm going to accept anything as low as 4.7 Banana can have my cheap shares."
I'll buy all your shares for 5 cents if they are still for sale?