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I hear you on that! have been invested since 2010 myself and have had delusions of commercial sales for years.
Everything is now lining up though and with the US Army contract in progress (and hopefully extended) alongside the numerous companies waiting in the wings I now believe its only a matter of time before this finally pops.
Chompers,
I would have to disagree based on the below from the most recent newsletter:
"Additional Dragon Silk production from our US factory in 2017 is slated for sale to companies in the performance textiles, athletic wear, and luxury apparel markets. These first commercial deliveries are intended to form the basis for long term partnership and joint venture agreements. "
Exciting times ahead!
http://www.mcandt.com/our-team/memberAngela.html
For those who are not aware the fourth member of the visiting party was co-founder of Kim's law firm.
Also seems like a highly competent individual.
Indeed, personally I will be very surprised if we don't hold above 7c with a possible spike to 8c.
Who knows though! at the end of the day we're getting closer to mass production and revenue which will be the real share price drivers.
Floyd,
Its a shame that on reading the PR and associated article this is the conclusion you come to, this deal has been years in the making, everything is falling into place. perhaps it will take another year to come to fruition or even a bit longer! but all these people would not be involved in Vietnam if they did not want to progress.
Bottom line. When this finally becomes reality we will be mass producing hybrid silk with a tensile strength higher than most spidersilks at roughly the cost of regular silk, there will be no shortage of companies who want to use it.
I would hang on to those 200k shares if I were you.
Yes it must have been quite an effort, like the sound of all of those departments, lets hope they can really support this project and get things moving quickly.
If I recall it was the Department of Agriculture and Rural Development that raised the original concerns regarding the lack of a framework for GM Organisms. Looks as though they are now on side.
Similar to previous announcement Floyd but there are key differences from where we were then.
We've finally received all the necessary approvals (or so it would appear)
We have many more potential customers lined up.
We have additional and improved products (Dragonsilk)
Today's announcement also goes into detail on the plans (site size etc).
Also there seems to be more urgency and the below from the article also sounds positive.
Chairman Dinh Van Thu affirmed that Quang Nam province highly appreciates the KBLB’s development plan and will do its best to cooperate with the KBLB in effective research, development and implementation of this important and significant project, especially so as to help actively recover the traditional sericulture industry of the province creating more jobs for the local farmers in the districts of Duy Xuyen, Dai Loc, Dien Ban... and simultaneously requested that after field visit, the KBLB prepares and submits an investment project proposal for approval and early implementation
All in all it looks like this will be the year we move into mass production.
The most exciting announcement will be when we find out who is going to be taking all the silk produced and what they plan to do with it!
Great News.
Cant wait to hear:
• How we will get the funds to develop this project?
Joint Venture?
Vietnamese Government Support?
Some sort of IPO listing involving the subsidiary?
• Who will be taking the tons of silk which will be produced and imported to the US?
Major US apparel manufacturer(s)?
Exciting (and profitable!) times ahead.
FWIW I had a few orders filled at 4.04 and 4.05.....have started buying trading shares again in hope that 4 cents is a floor of sorts
Not sure that is a fact Cleantade...
Nike had a representative on the ITMA awards panel since way back in 2014.
A panel of renowned industry experts will decide the winners, including Linda Keppinger, Global Materials Director at Nike; Dr Jean-Pierre Haug, Secretary General of Oeko-Tex; Dr Peter Dinsdale, World President of the Textile Institute; Michael Sieber, Research Textile Engineer at the US Army Natick Soldier Systems Center; Siegfried Winkelbeiner, CEO of Schoeller Textil, Thomas White, Textile Innovation Director at Under Armour; and Lutz Walter, Head of R&D and Innovation of EURATEX.
What absolute nonsense.
Hi Bob,
Don't get me wrong I'm very confident about KBLB's future, just think we all need to keep our feet on the ground.
Know all about patience - have been here since the 1 cent days and will still be here when we hit $1
All the best!
Admittedly Bob does get a bit ramptastic at times, but your constant negativity is getting dull.
Do you have a plan for your investment here or are you just going to hang about and complain?
Hi All, regular reader of these boards great news today looks like we're moving forward to becoming a truly great company.
Out of interest has anyone ever seen Kim with hair - lol - found his lawyers site as the total of today's PDF stated 'Ching & Thompson'
http://chicagocivillitigation.net/kim-thompson.htm
Go KBLB!
crazy to sell out now dude, keep the faith!
A WARNING FOR ALL
two years ago they sold a shed load of resticted shares through dodgy boiler rooms in europe, loads of people lost all (ok maybe 99.9%) of their money just look back through the posts its all there. I can't beleive they have not been nailed by the SEC by now! not that this means there isn't money to be made on pump and dumps along the way but just so you know the company has and will continue to try and shaft its shareholders
Eddie you're the one who is confusing people with your split personality and useless posts:
no cc by friday June 3 and we will be at .10 cents by June 10. eddie and many investors will say goodbye - 05/24/2011 10:42:14 AM
you will never even see .12. If you want a cheap stock go elsewhere - 05/24/2011 04:04:45 PM
and then there was your response to someone elses prediction
LINDYHOP - The price is jumping around a bit here late in the day. Looks like we will close strong.
EDDIE - how could you possibly have any idea how we will close
seriously, just think before you post
22 million is just over 4%....I wouldn't call that much
what part of this do you not find realistic Eddie?
I would like to hear your projections if you can think beyond next weeks share price
extremely basic maths showing how KBLB could make you a millionaire one day from technical textiles alone:
Buy 100k shares
Wait 5 Years
KBLB products now make up 10% of the technical textiles market
That equals sales of approx $15Bn p/a (increased market size of $150Bn p/a)
Slightly pessimistic profit margin of 10% after all overheads = $1.5Bn profit p/a
P/E ratio of 10 (again may be conservative) = market cap $15Bn
Divide by perhaps 1Bn shares which may by this point be outstanding due to aquisitions share placings etc = share price of $15
Your 100k shares are now worth $1.5m
Take away tax should leave you with over a million in the bank
This scenario is entirely possible.
ATB
GO KBLB
feel free to take a short position then, if you've got the balls, to be honest im really not bothered what the chart looks like, i care about where this company is going and the world changing technology which they possess.
Our CEO is a genious, I dont think my money could be in safer hands.
This share can only go one way in the long term, I will be topping up by the end of this week and really hope we stay at this level until then.
I like the comments about the military, just imagine a deal to supply body armour to the US army, would be worth billions annually. Think about what our market cap and share price would be.
Smart move?! extremely risky more like, news could be released at any time regarding partner for gen-1 silk, we have no idea what the terms will be, but this will have a huge effect on the value here, I agree that this could drift slightly lower on no news but I see .10 as strong support level, is it really worth the risk being out of this and watching it hit .50, just for the chance to buy in a few pennies lower?! crazy. I for one will be adding to my position ASAP, this is a bargain price for a company which will become huge.
GLA holding long, I look forward to conversing with all the millionaires on here in a few years time.
GO KBLB
I just bought spidersilk.asia monstersilk.asia & monstersilk.co.uk
All the .coms and others were taken!
statement looks great, glad to see all the support for this great company.
Hi All,
Great day today, volatility has been crazy!
We have seen the floor of this stock and skys the limit from here.
Having initially bought 100k at under 2c I just cashed in my entire sogotrade portfolio and bought in at 10c.
Crazy I know! but might just make me a millionaire once we are bought out.
GLA the future looks bright.
I have fallen prey to a few pump & dumps in the past, this stock has been hyped by various newsletters however it definately has the product to back this up, of course there will be those who jump on and straight back of again when they see a 20% drop but these people are fools. This stock will hit $2.00 minimum once their technique has been perfected (if it hasnt already) and silk can be produced commercially. One of the big boys will buy us out. Although it is unlikely this will happen this year anyone holding long WILL be rewarded. I am holding 100k at just under 0.02 average and will not sell a share until this company is bought out.
GLA holding long this could be life changing for some i'm sure, but only if you have the balls to hold through all the MM games, which will undoubtedly continue be played.
Still a bargain at this price, get in while you can and HOLD strong.
I agree, this could go tenfold on the right news
Thanks again for getting back to me, think you're right as we won't get Q2 results until August and that is when I expect the biggest spike, also Q3 figure will also be interesting, as I am Scottish and as usual we're not involved I think I'll be supporting USA, oh and Italy (kappa), the info you've given has helped with my doubts, really appreciate it, Im wondering what will happen when we upgrade to the OTC BB perhaps they will send us new share certificates? unrestricted, any thoughts? Think I will contact Justin D.
To Mith, you were right to sell out at 20c would have joined you if I'd been able, and bought in again at 1c anyone in big at that price is in for big money.
To all in TLAG and on this board I feel it will be a very sucessful year!
Cheers for getting back to me, I agree im confident this will at least hit 50c this year just frustrating not having control over your holding, did you have your restriction removed after a year? did your broker convert them? when they trade on the OTC BB i will be able to buy and sell through sogotrade but they dont trade pinks!, I only bought my share cert in July 09 so would have to wait until that time this year to remove restriction. how long did it take to remove yours? if i did get it removed how would i sell them? sorry again for all the questions. YES they do still contact me and apparently they have recently been taken over by another company, Im still unsure of whether to trust them or not but im starting to believe everything is legit whats your take on them? they still seem to contact me just to give me updates, you're right im glad they put me on to TLAG!
It's great to here that someone else in the uk has purhased restricted shares, I was approached by ERP as it appears you were back in July I am new to investing and this was pretty much my first buy, at many points in the last 6 months I have been worried that they were basically boiler room scammers, however I did receive a share certificate which is apparently genuine, I paid 10c a share back then and have watched in agony as I was unable to sell at 20c, since this has dropped to below 1c! despite this I have done much research into the company and there is a great chance that the PPS will rocket this year!, As I appear to have been in the same situation, I was hoping you could help me out by answering the following:
How did Justin help you with your restricted shares?
Did it cost you anything to remove your restiction?
Are you still dealing with ERP or are you now trading your TLAG stock with a different broker?
Apologies for the barrage of questions, it's just I have troubled over this for months!
Don't want to put anyone off this great company, I honestly think they will make huge profits this year and I will be buying more when they upgrade to the OTC BB.
Many thanks
yeah looking that way Mith could possibly see it going to 7-8 topping up would be wise at these prices.
Feel confident this will be 30-40 by end of year if not sooner IMHO.
Still happy holding GLA
so other assets all sold up time to drill the big one, hoping all will be announced this afternoon.
$12.50 at close anyone...
GREAT DAY! i presume acceleration is due to conference announcement, do we think we'll be getting the big news this week?
I hope so.
Anyone got any realistic target prices for 6 months down the line? assuming the rumours are true...
looking good today
how long before we break $10??
yeah, happy were holding up at this level confident we'll break 20c within a few weeks and be at 30-40 by end october, big news coming i think with all this accumulation.
come on TLAG
I agree about this being under the radar, cant even find another messageboard for this stock! know what you mean about sleeping easier but just means you've got to find somewhere to put your money with more potential.
$2 would be amazing - next spring maybe....
any other interesting stocks you're looking at/invested in right now?
Mithrandir,
yeah was probably due a slight drop think we may close at 18c tho hopefully, fair play taking some profit but think you may regret it in a few weeks time! or sooner, i do like to topslice but not the right time for me yet.
Each to their own though, what did you buy in at if you dont mind me asking?
Hi all,
I recently received a teaser from Investment U regarding a small NASDAQ company which has discovered a huge amount of oil beneath Paris and has not yet released the news, obviously they wanted you to sign up but i did a bit of digging and am now sure the company was Toreador, I was very skeptical to begin with because of the claims that were made but with all thats going on it seems it may not just be hype. I have a small investment here but considering greatly increasing my holding
Has anyone else heard this? or signed up to the newsletter?
If what they say is true it could make this company into an oil giant.
heres hoping
any comments welcome
good day today! i sense good news coming soon......
hi all,
I have a sizeable investment in this company and have been in for a few months now and was a bit worried when we hit 5 cents but patience will reap huge rewards here, i believe this is a bargain at this price and come next summer we could be looking at $1 plus