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“That’s a pretty sorry way to make yourself feel better about your poor investment decisions.”
You don’t seem to be following along very closely. Take a look and you’ll find plenty of posts from me laying out what I think is and will happen.
How does someone who is bullish on their investment decision here strike you as someone needing to make themselves feel better?
Those unhappy about their investment choices are the FOMO crowd here too afraid to cut bait but will whine and complain endlessly while hoping Kim pulls this off.
Would love to see those posts. I know we have many voracious historians here. Maybe they can dig them up, just in case you are uninterested in doing so.
So, we know the company has produced a product. They told us so earlier this month. 350 pounds of cocoons that will be converted to spider silk. Product. Check.
Back to my earlier question, will revenues and profits mean the end of these strolls down memory lane or will they likely continue indefinitely since fiat pound and frustration is so much more enjoyable, for everyone, than living in the present and looking towards the future.
When do you expect revenues and profits?
“I’m pretty sure he already had his own mother to look after him. Nobody needs you to be their mother hen.”
And yet here you are, sticking up for him and his endless complaining.
Huh
Do you really think nothing has changed since 2012 or is it just too much fun to keep parroting the same tired refrain?
Who expected $1/share in 2012? Who expected commercial production, revenue, profits back then?
If you truly can’t see any difference between then and now I have no idea why you remain. Or why you decided to hang around for over a decade if you were clearly as unhappy as your endless posts indicate.
Why torture yourself?
What are you going to do when this development stage company, in the midst of its transformation to a spider silk producer, completes its metamorphosis?
Keep complaining (about something we are all very much aware of and should not expect from a company still working to produce commercial quantities of its never before seen material) or finally move on? Will the axe grinding continue or will you finally be able to rest?
Full or part time lab tech at $14/hr doesn’t seem excessive to me. As production increases they are going to need more people to handle it. Either they contract with existing farmers (which I believe they are doing in Vietnam) or you need to hire.
As to securing financing but not wanting any more dilution, how do you expect him to pull that off right now? He needs to produce to start earning money. I’d rather get product to Kings, get PAID, and finance further expansion and expenses from there. Once revs are flowing then maybe someone will give him a loan with something other than shares as collateral. Until then, if funding is needed, it’s likely coming from a loan secured by shares.
Unless they can produce enough, get samples in people’s hands, have them fall in love and sign contracts with UP FRONT CASH to get their spot in line.
It’s chicken or the egg time. Expansion needs funding and is needed to start fulfilling orders from those waiting for us to show we can produce the quantities they want.
Personally, for now, I think the Vietnam model works pretty well. We use existing infrastructure and expertise. We don’t have to employ them but instead contract with them. Curious how this is structured. Are we paying them directly or has something been worked out with the government where we agree to produce X amount in Vietnam and they take some portion of the revenues?
Once production expands enough to start fulfilling the orders lined up, we’ll have all the cash we need..
“Or they are adding to their staff more likely.”
Stop with this positive assumption. What indication, besides EVERYTHING, leads you to believe they would be looking to expand their staffing?
Fair enough. I just think the OTC is a different animal than your “normal” exchanges. There are always people looking to play more lottery tickets in penny land. That’s how most view this space. We just happen to have found the ticket that we get to cash.
BTW- my 401(K) is up 23% over the last 12 months. Not sure the idea that “everyone” is losing in this “terrible” market is accurate. Probably depends a bit on who you listen to, and how you choose to invest.
“My take on buying on anticipation is I believe new
investors are a lot more savvy now and want to see profits, contracts basically
bottom line numbers. I don’t think buying on hopes and dreams and the next
best thing cut it any more.”
This is the OTC. People are taking swings based on hopes and dreams all the time when it comes to penny stocks. This is not the place to go for locked in “sure things”. Well, most of the time it isn’t anyway.
Yes, I believe KBLB is the diamond in the rough that many are hoping to find amongst the sea of garbage floating around OTC land. Might be another reason Kim would like to get to a higher exchange and get some more sophisticated investors looking into it.
24/7 will continue to help get the word out on what we’re up to and, if the positive PRs keep coming, we will ultimately find the buyers we need to push higher.
My read on today's PR:
- staggered production (ie continuous) will begin after this current 30 day "election to increase egg production" cycle
- By focusing on egg vs silk production (this cycle), they will be building a solid foundation
- This will help sustain production through August where the focus will shift to spider silk output (vs egg production)
With the 350 pounds of cocoons produced in the FIRST EVER SUCCESSFUL SPIDER SILK COMMERCIAL RUN, there should be enough silk to supply Kings for an initial limited edition product launch or, at a bare minimum, some initial prototypes to further expand the marketing efforts.
Sounds like we are in a "steady as she goes" build out phase with production successes leading to the need for further infrastructure build out and expansion. With staggered production cycles beginning "soon", monthly metric tonnage seems to be on track for late Q3 or early Q4, IMO.
As a former resident poster would say, time to persevere through to the next major milestone. Until then, enjoy the continual progress without the historical setbacks we are all too familiar with.
2023 brought us BAM 1, the foundation of our commercial production. 2024 has thus far seen continual progress, excellent production results and accelerated timelines.
Steady as she goes (which will be UP, WAY UP, over the next several months)
W2R
Yep. Million shares traded in the first hour.
Hmmmm….
Broke $0.15 without news? Hmmm....
Agreed. Going to try out the “ignore user” for her first time in over a decade here.
Looking forward to what the coming weeks reveal. When do we hear about the other countries involved with production? When will SpydaSilk launch? When will we have produced enough to sign other contracts?
When will the share price hit an all time high? $1? $3? Can we uplist with a split? Will Kim be patient enough or has he been told too much investment, too many additional contracts, etc are waiting for him to get us to NASDAQ?
Tick tock…
W2R
We all have people in our lives to worry about. Never would wish anything but the best for those close to and important to anyone.
Act like a clown, get treated like a clown. Act like a grown up and interact like a grown up, then grown up conversations can happen.
Constantly attacking KBLB on a KBLB board, promoting competitors, pontificating endlessly and challenging anyone who sees progress doesn’t tend to bring much in the way of sympathy.
I’ll treat people as they treat others. Cork, a consistent naysayer, gave an honest answer to a question. I gave an honest response.
This can be as easy, or as difficult, as you choose.
Your move.
“I doubt that Dorton has done any more work for the company since that PR was put out. Folks on here act like he’s still on the payroll”
Did you confirm your suspicions with the company? I did.
“Sales that show up on their quarterly report - comfirmed by a net profit.
Unreasonable?”
Not at all. Everyone has their own definition. Confirmed sales and revenue seems like a reasonable standard. Not sure how long it will take to show a net profit but I’m guessing we will find out.
“Dorton was hired and supposedly, according to the PR, only managed to come up with one composite that the company found acceptable.”
Based on what? That they only PR’d one? Not sure about the logic. More is happening than what we are told. That seems to be a piece many are failing to understand.
“I doubt that Dorton has done any more work for the company since that PR was put out.”
Why? Because there hasn’t been another PR saying “by the way, Dorton is still working on other stuff too”?
If they PR another material next week that Dorton helped develop, does that mean they hired him back or that we just hadn’t been told yet?
“Folks on here act like he’s still on the payroll.”
Do you know he isn’t? Have you contacted the company to confirm one way or the other? Just safer to assume he isn’t? Based on what?
“How are we supposed to assume that a pure DS material is even good for anything or even makes a decent material by itself?”
There have been numerous articles talking about the many potential uses for spider silk. Seems logical to think DS could certainly be applicable for some of them. If there is demand and people willing to buy it (which I’m guessing is the reason for the production expansion currently underway), let them decide how to use it.
Pima cotton is pretty good by itself but the request was to blend it with DS. Must make it a decent material for at least some applications.
“The company sure doesn’t seem to want to tell or show you.”
Since December they have continued to share updates and advancements with us. They want to get it right this time (with plenty of testing along the way) while trying to increase production as quickly as they can.
It will never be enough for some. There is always a “yeah but” to offer up. For me, I’m good with consistent progress so far in 2024 with no setbacks. Let’s keep it going and see where this takes us.
My guess? To dollars per share, eventually.
W2R
Proud to be a troll with nothing better to do than harass penny stock boards. So fulfilling.
Good for you!
No way! You’ve been away for 3 years and just stopped by to pick up your trolling where you left off?
No way!
Just so the goal posts don’t accidentally, inadvertently, unintentionally get moved, what will constitute KBLB being the real deal for you?
“Needless to say, the free shares I bought after selling shares earlier are also considerably in the green. But money is still valuable to me. If KBLB hits $1, I can’t imagine ever having to worry about money”
How many free shares are we talking about? Must be a fair amount if $1 will leave you independently wealthy? Or maybe mom doesn’t charge too much to rent a room in her house?
If $1 means financial independence, and knowing your history of fear, aren’t you worried about losing the free money you are sitting on now? Why not sell now, especially with all the headwinds, dangers and pitfalls you constantly conjure up?
Back to that old “bird in the hand” mindset you have clearly articulated you believe in. How can you sleep at night knowing you could just cash out your free money and the endless worrying could slowly become a distant memory?
Why risk it? Deep down inside, do you believe there is a market, that production has now been proven and more upside likely exists? So, even though you constantly rag on KBLB, you actually do believe they can pull this off?
A nice bond fund could greatly reduce those sleepless nights…
Just sayin’…
I don’t think the midweek market close helped with momentum this week. Again showed a break in historical patterns for Kim to release news on a holiday shortened week. And not just “any” news. Successful commercial production news.
As others have said, I think we see a break through $0.15 today on anticipation of more positive news next week leaving open the opportunity to move towards $0.17-$0.18 late next week.
I certainly anticipate $0.20 will be seen well inside a years time frame. If things continue to go according to plan I’d expect we see $0.20 within the next month.
W2R
“You seem to be having difficulty unpacking my argument”
Nope. You go on for several paragraphs to essentially say, if it hasn’t been announced or PR’d, I don’t believe it exists.
There, I’ve summarized in one sentence what it took you several paragraphs to do. Why it’s so difficult to just say it is beyond me.
Blends, swatches, etc have been out and in the hands of interested parties for quite some time. This is not a future state, once we have enough silk situation. It’s happening. Now.
But, I don’t rely on Google for all of my information gathering. Sometimes a good old fashioned phone call can really help. It’s not always what (you think) you know but who you know. Back into those darn gray areas. I forget, is this when you like gray areas or is this a black and white situation? Hard to keep track with the waffling.
Speaking of waffles, why don’t you put your sandwich down and pick up the phone. Amazing what you can learn when you try.
“Does KBLB know what their partners want in fibers? Who has been screaming for a Pima Cotton/Silk blend? Kings and …? (Hearing crickets.)”
Because you can’t “hear” anything else it means it doesn’t exist?
Not sure how much more plainly you can make my point for me. You are unwilling to imagine. You can only focus on what you can touch, see and feel. As far as you are concerned, if you can’t see it, it doesn’t exist.
How many times have we been over this same ground? Polartec didn’t show up overnight. Neither did Kings. Or LAREC. Or Cambodia. Or. Or. Or.
Something gets announced and then you can finally accept it. Until then, only what you can see does, unless it’s musing about what could go wrong. Then letting the imagination run wild has no bounds.
So, black and white when it comes to any potential positive outcomes (must remain grounded after all) but more than willing to consider blown tires, washed out roads, etc when it comes to potential pitfalls.
Is this really news to you?
“Does KBLB know what their partners want in fibers? Who has been screaming for a Pima Cotton/Silk blend? Kings and …? (Hearing crickets.)”
Your premise is, essentially, if it has not been reported it does not exist. So much for gray area. Black and white. It is or isn’t.
Another layer of your premise continues to seem to be that, though long sought by many, we can’t be sure there will be any interest in spider silk based products. The military SPECIFICALLY mentions spider silk but you still aren’t sure there are any takers out there? Polartec said long ago they were interested. No dice because a contract hasn’t been announced?
LAREC has gotten on board, after years of not being willing to do so, because quality and consistency are still an open question? Individual DD by those curious enough has uncovered that Kings feels much better about Bam-1 than they did about earlier iterations. Google and PRs haven’t told you the same so it must not be true?
For someone thirsting for nuance and consideration within gray areas you sure do need to have a lot laid out for you before accepting it.
Stubbornly a “bird in the hand”, doubting Thomas type. Fine but stop trying to tell the rest of us that is the only possible way to view the future.
If we can’t feel, touch or see it today it must not exist. Not sure how many times it’s been said/written, but if certainty is needed/desired, development stage OTC traded penny stock companies may not be the best choice.
This is the OTC. This is penny land where people go to buy lottery tickets and dream a little bit. Not everyone is so constipated and devoid of joy, pounding the desk for caution out of fear. Constantly guarding their flank.
Go ahead, have a little fun. That’s why most of us are here. Over your endless calls for caution and reservation, I’m going to go ahead and daydream about what the future might look like. But, I didn’t overextend myself and am not wringing my hands daily over whether I’ll get my investment back or not.
“Web could be a "Kong" times 10”
Who in the world would own that many shares of this once in a lifetime opportunity? Are they looking to not only be rich but filthy rich? Obscenely rich? Ultra rich?
“Most interesting because of what it DOESN’T say. No mention of the words “spider” OR “silk”.”
Exactly. Spiber seems to know and recognize they are no longer in the spider silk business even if some here are reluctant to acknowledge..
“You are embarrassing yourself and devaluing your word.”
Many would say the same about those who just keep repeating complaints about the past while refusing to acknowledge recent progress and successes.
Still waiting for you to provide your own price target based on the “potential” of the company. We all know it is trading at just under $0.15 now.
Once quality consistent mass production is proven, deliveries are made, revenues are received, additional contracts are signed, military funding is secured, etc, what would you value the company at on a price per share basis?
What is this never before achieved but long sought “holy grail” technology worth?
This takes some vision and projecting forward versus harping on the past.
Can we look forward and, assuming the successes of the pilot run and initial commercial run continue, what might KBLB be worth?
W2R
Come now. One need not go back far in one’s post history to find nearly endless musings about what could potentially go wrong. Why any progress should be quickly thwarted with concerns raised about the future.
Not accepting the risk presented by short sellers is not the same as a conclusive argument presented to show why they do not exist. “No sale” is a bit thin for me. I’ll need more than your hesitancy to accept forces are at play in the OTC that may not be obvious to the naked eye.
Shades of gray indeed. We cannot see, touch and feel everything to ensure it’s true and/or exists. Nuance is certainly needed and required.
We should cringe over the potential of a blown tire on a refrigerated truck and sleep with a light on wondering if anyone will actually want to buy spider silk but when it comes to short sellers and MMs impacting trading patterns, “no sale” should suffice?
No sale
W2R
Bigger news coming “soon”. My guess is we break $0.15 before the week is out on expectations of news next week.
FOMO starting to kick in big time…
Tick tock…
W2R
“I see you are a real dreamer.”
Why are you invested in OTC traded penny stocks? If this isn’t the land for a little daydreaming, what is?
Never before seen but longly sought material on the cusp of commercial scale production success for the first time in history. A multitude of potential applications and end uses.
What would you value such a product at?
Just out here hangin’ with the homies.
I think you’d find a way to scrape by at $15 but hold out.
We’re just getting started…
“I’ll take 15 bucks per share.”
Would be hard not to seriously consider $15/share at this point but I find myself getting greedy(er).
- fashion
- military funding (and future contracts, maybe with dedicated domestic production facilities?)
- medical
- collaborations
- licensing agreements
- expansion into additional COUNTRIES
People have sought a way to commercialize spider silk for DECADES. We are now into the first ever commercialization. We have the ability to customize to client’s specifications. The markets it could/will impact are almost limitless.
How do you put a price on that? Would be open to a bidding war once we have proven large scale, quality consistent commercial production. Would love an option to take cash and continue to hold shares in perhaps a wholly owned subsidiary of some sort? Very curious to see where this goes.
Sure, $15/share would mean early retirement. But I’m greedy. Willing to wait a few more years to see where this goes.
W2R
“If shorts were covering, they would bid the share price up.”
Not necessarily. Some detailed analysis provided in the FB group on this topic. MMs are often party to the manipulation that can take place.
Many ways for shorts covering to not send the share price up like we might see in a short squeeze.
When the news is big enough it won’t matter but news like today still leaves some room to work the margins, IMO.
Hopefully the shorts will soon decide to move on and MMs will get out of the way and let this run.
W2R
“Why the hell don't we break through 15 cents?”
Day is far from over. Could very well be manipulation going on for shorts to cover.
- Largest production run ever
- No setbacks
- SpydaSilk launch should be imminent
- More production locations (both inside and outside Vietnam) will be announced
- maybe an Air Force update?
- more contracts ready to be announced with commercial production (not in a controlled lab environment but in the “real world”) confirmed
The “yeah buts” are going to be having a harder and harder time.
Share price appreciation will follow “soon” IMO
Tick tock…
W2R