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It does seem like a positive to see them purchase a machine that's the first step in the process that can handle over a half ton of product per hour. 40 hour work week gives you 2000 hours so 1000 tons per year in the US.
True dat
Visas are easy in that country you can get a tourist visa and walk to the post office and have a working visa that is pretty indefinite at the post office on the spot.
What branches?
Did iHub go down for anyone else yesterday?
I just think any other fabric you can by at Joann fabrics.
While the conversation is out there id like to thank many of the people on the board for the knowledge I have gained here with reference to due diligence. I think we have all looked for true scam level red flags for a long time. I've been in this since the first PR about the lab breakthrough. It's been a learning experience. We have watched a sci fi technology for the beginning and bring to market something that has never been regulated before. I can't believe Vietnam is happening. And oh yeah it's F&$@ing happening. This stock is going to change my life. I am only in my early thirties.
Can't say ill be investing in the otc again in the near future, but what's the matter of playing with a little bit of the "winnings" ?
I wouldn't even see that as a stock transaction in the US. I think that would be the subsidiary partnership in the wholesale manufacturing of any silks. Right now that looks like monstersilk. It will be just based on what we do in Vietnam. Could be 50/50 or way less. Given the potential value of the market giving them 10 percent of what could be a billion dollars a year in revenue if it is used widely in civilian clothing, and a 20 percent margin that's twenty million a year. Move the numbers up or down and it's still worth the maybe 5 or ten million in cash to build a wearhouse and clear some trees. Labor is still a very low cost in Vietnam it won't cost much to raise a building and clear cut some land. 5 million at most.
I'm thinking there is a possibility along those lines. When I was there a dozen years ago it was possible to buy property only if you had a straw purchaser that you had a contract with. Foreigners couldn't own land there. I don't think that's relevant to leasing land for kraig but it shows how tightly they control land with regulation. China for a while would not let you operate and make a profit without being partnered with a state owned company. So it would make sense to have a joint venture at least for production with the government. It's what many American states do. They are competing for employers and GDP. Just on an international level. What's 5 million to build a facility that could revive the silk industry.
If there is really big news this will be going really high.
One thing that makes me feel that way is that if they are really clearing out 2000 hectares then they are at least establishing a very large pad site if that is for us. So the question becomes who is paying for it? At the very least the land clearing. Vietnam isn't gonna do it just to say we told you we would make this for you so please come here. I don't think we are going to pay for it unless we have found the financing for a massive international company expansion which isn't going to come from calm seas.
So to me it's either going to involve a joint venture with the government. A joint venture with a brand like Nike or such. Or from private equity financing. Any way it goes if we are having that amount of land developed. Someone had to pay for it and people had to put pen to paper. Which we have a right to know about.
I just got an email and an invoice for Square saying I have won one of the ties. Did anyone else get it?
I can't say how much I don't want to be partnered with under armpit. They don't have the cash. Nike has cash. Lots of it. It has brand reputation going on decades. I want them to buy us. And at close to 100 billion in market cap they can afford to aqcuire us with stock. They also have the ability to leverage money for a partial cash and stock purchase and it won't look like a huge Hail Mary like it would if under armpit ( that was autocorrect but appropriate so I left it) were to buy us for 5 billion which would be fair value. I think Kblb long term is worth more but I wouldn't argue with what that would do for my bank account.
Do you have a link? Nice find.
As far as proof it's not a scam. The university of Wyoming endowment owns about 22 million shares. If we are being scammed so is the university we are associated with. I think after 8 years they would have figured out if it was a scam or not given dr Jarvis close ties to this science. That's always been my reasoning. If we are being scammed than so are the universities we are working with and I just don't see that as feasible since we have been in Norte dames labs for 8 years.
Not a scam. But Kim needs to realize how much he has sucked at being a CEO and step aside. When Larry and Sergei blew up google they weren't the CEO. They had Eric driving the boat. That's what needs to happen. Be on the board. Have your hands in day to day but appoint someone with a track record to make this a reality. How does he think he is going to run this when there are thousands of workers and multiple facility's, tons of logistics. When he couldn't even get a room and five employees going in under 6 years.
If the process is not finished it probably wouldn't. Just as here some states you can create certain entities overnight some states take longer. NY has a lengthy time process to create an LLC. Not difficult just takes a couple months to be complete the requirements.
Look at the fact that Nike the clearly largest brand name out of all of them hasn't secured any of our competitors. Decades of business. The largest market value. And they somehow missed the silk boat? No. they are waiting patiently for kraig to come online because the only thing that has held is back recently is the infrastructure to supply them with product. But we have the product and the technology they want. Why would we take addidas or Patagonia when we could have freaking NIKE!!! You know the brand tiger woods wore all over himself for 15 years on national television in front of the super rich for hours at a time!? Nike. That's my opinion. They are waiting. Not to produce some kitschy product that can't be scaled based on current technology. Not a rug or some jacket to put behind glass. Imagine Nike body armor. What would that do for their share price? Nike reinforcing products. Nike flak blankets in armored vehicles!
UA down 20% today. 58% since last April. Last thing I would want to see is their shares show up in my account. CEO leaving after a year. That company is a mess. Gimme Nike or DD.
I think because the letter never really has anything new in it. It's just a summary of the PR's since the prior newsletter.
Shoot packs are just a testing setup it isn't a product. But the special forces will throw their back packs down and shoot from behind them. A lightweight armor backpack could be an easy potential product. With clothing inside it wouldn't be a problem to absorb impacts instead of directly against the body.
Well trump makes silk ties in china. I doubt he will screw himself.
Just had a chance to look into the province and had a feeling I was there. I spent a few days in Hoi An ten years ago. Really beautiful city. Definitely one of the less traveled tourist places in the country. Some very beautiful and well preserved hotels that make you feel like an ex pat in the '40s. It was a very un bastardized city with a lot of history. The province spans the width of the country so I know I didn't see any part of the rural area other than a few close historic sites.
The one thing I will say is it doesn't require much American dollar to go far and it's an amazing country with people that don't see Americans as suspicious. In their view they kicked our butts. And are super happy to be a capitalist country in some form. They just want their piece of the pie. And are very proud. I'd love to go visit again and I think anyone with the ability should hop a flight and go check it out. The flight is the only expensive part. And I'm sure you could find a fixer to show you the ins and outs of the province. Just be ready to hand your passport in when you check into your hotel.
Pretty on point imo
That's why I don't think they are going to do dragon silk. I believe it will be for sports apparel while the American facilities will be for the most advanced strains. Kim stated a potential customer required US production and obviously that's the government and probably because of those very reasons.
Just scrap it in general. PR's are what move the price that's it. I don't need the past few months of PRs repeated to me at once. I was there.
Kim has voting power hundreds of multiples of ours. The way the company is structured he has non equity shares that would control the company out to a trillion float. Similar to facebook structure with zuckerburg. We are along for the ride.
I don't think we would have a signed "deal" until we have the production capacity to meet the needs of such a massive order like UA or Nike. That's why I think it's so important to have a country with the infrastructure signed on and ready to flip the switch.
Thanks T
Geneva has 7 billion in assets. I don't count 5k in kraig stock as a micro drop in the bucket. Where did you find these names though. I could only find the number but not names.
Thanks
Addidas is spelled with 2d's. funny how they missed that.
Yes and we should expect vague statements. Lockheed and Boeing don't really tell you about what they are developing as far as next generation capabilities. Or even what prototypes they may be working on at Area 51. We wont know product specifics until it's mass market.
Also this company probably doesn't trust the social media situation surrounding it. Look what happened when we named a leading expert to our advisory board a couple years ago. He got bombarded with calls and asked to not be on the advisory board. We can be thankful we even got a name with a quote when we landed the army contract. It's not like people are here because we are just nerdy science people. We are all greedy and trying to make a buck. That's not wrong but we should understand the company isn't going to let us screw things up with partners or potential customers by telling us everything. I trust Kim enough to keep adding at a modest level. I'm not going to go selling assets to buy as much as possible. I'm pretty sure this is moving forward in a lot of directions and I'll bet what I'm comfortable with.
I don't want to be involved with UA. I don't want their shares in exchange. Much rather Nike. And Nike has the capital to give us cash as a part of the buyout.
I don't think there will be news for a bit. Or they would have waited on the letter.
Has anyone emailed Ben to mention that it kinda sucks finding out the actual city of the first production facility, as well as seeing video of Jon and the inside, coming from a foreign blog/ non mainstream news source?
They produced forty pounds of silk. Not that impressed. And those trees aren't going to be planted until May of next year. Still a long way off until we get any big news.
Doesn't matter it's a penny with no liquidity. It's all a matter of who wants to sell. A 50k dollar trade can make this stock move substantially. It's the reason we see such large movement. This can move up but more likely it will move down until we have real news. And that real news will be major manufacturing initiatives which I don't see for at least 6 months. These decisions come from the leaders in government. They are people dealing with South China Sea issues with China. Don't expect us to be on the front burner. We offer a new angle for economic development. We aren't moving Foxconn factories to Vietnam. It's a little company trying to make big moves. It will take time.
Someone posted before it takes a year to get a facility running in Vietnam. Don't expect much from Kim regarding Vietnam for a while. I have been to Vietnam. It is notoriously corrupt. We will probably avoid having to deal with the corruption side because of what we offer as far as renewal of their established infrastructure but I expect a lot of red tape and time before Vietnam has anything worth telling us about. It's not like we are just going to get permission and then open a bunch of factories.
I also see our silk in the ballistic sense as a reinforcement. Just as the guy that invented the technology in our windshields or armored car glass it's a matter of thin layers of our product reinforcing the bulk good. Just like armored glass is mostly glass with layers of thin polymer mixed into it. The glass is what absorbs the energy. The polymer is a reinforcement. Just as dragon silk will be a reinforcement.
I think the reason no one mentions Kblb is no one in investigative journalism has the time to do the DD to look in to why it isn't a penny stock scam. So it's easier to quote who has a history with the DOD for research. Which is something we haven't been a part of. We have the product and the research base and the funding to do what we need. We don't need the army to give us millions in order to see if our product can be mass produced. All we needed is for them to buy 100k worth of product to test.