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This stock is getting ready to take off! .25 by 9/15 then to the moon!
Look at what you did, you didn't even have to say anything negative and wham! The pps drops 7%.
Dr., may I ask where you are from? I do not mean to offend you, but am just curious.
Right, that's great logic, it's wonderful for your "investment" to be losing value. So why not bash it instead of your goofy pom pom waiving? I'm sure news is coming, but unfortunately, news don't pay the bills. But they can always give away more shares for that : )
Really? Thought it was supposed to climb steadily for the next couple of weeks. And to think I bought some on that prediction. Why bother with predictions based on absolutely nothing?
Don't worry, it's just another great buying opportunity ;)
You better hope for a great power hour. Seriously, what do you base all these predictions on? Is the 400% gain from the pps when you made that post or from the bottom that it hits in the coming weeks? Will it ever find it's bottom?
And the fact that you called what I posted about Dr. Kaplan a rumor just destroyed any credibility you ever had in my book. Not one person here has confirmed what Ben and Dr Fraser said with Dr. Kaplan, but several were able to get in touch with him. Funny, if he was bothered so much by emails from investors, why would he bother to reply after he left? Sounds to me like Ben and Dr. Fraser should be accused of spreading rumors, funny how no one asked for proof of their conversations with Dr. Kaplan like they did of me. But hey, I had a lot to gain and they couldn't have any motive to deflect attention from the subject right?
And you think that caused the dip? pretty sad.
Actually I sold right about where we are now. The fact that the IR guy represents one other company, which has raped investors for tons, and did a forwards split when the company was in the .30 range (I guess no one could afford it at those prices) and is not at .01 (.10 accounting for the split) just a couple months later and now they are planning a reverse split . . . .
I understand that you love the science and want this product to make it, I just think that Kim has hurt the chances of that happening by getting involved in the incestuous penny stock underworld.
Ok, I apologize for getting caught up and emotional here but I have this dark feeling that thise company is nothign more than an atm for some folks. But I thought one of the reasons the csc deals were so good is that they are only getting a 20% discount, so where did they get the (at least) 6.5 million warrants for .001 from? Maybe this has already been discussed. Seems like that changes the picture a little bit. As far as the free pr thing and csc goes, I really don't think that's their thing, I bet the members of this board have put more effort into getting the word out there than csc has and will. I have no idea what Ben does with his time but he the fact that he hasn't insisted on upgrading the web site, creating a facebook presence, twitter etc just makes me wonder if he is really committed. Especially if he's still holding stock, anything he can do to bolster the image of the company would be pure profit for him.
I think Kim has definitely thrown around shares like a big timer, the ones he gave himself (what exactly is the ip that was work 300+ million shares? Is it so secret that no one knows? The filing mentioned that it was based on the price of a patent, but no there is no patent in his or the company's name), the ones that were given to Ben (it looks like in advance of any services - who does that? Pay for a ir / pr person's salary before they even prove themselves.) The millions of warrants that were given to csc and or promoters.
Like I've said, I hope I'm wrong but to ignore these is just crazy. I'm really leaving now glta and I still have a little stock just for the science.
So, lets say they didn't come from Ben. It doesn't concern you in the least that our IR guy got 20 million shares to promote the stock (I guess that's what you want IR to do) and then somehow, magically SWA has 6.5 million warrants at .001 with a cashless provision? WHere did those warrants come from? I would assume that if we gave Ben 20 million shares, he should be able to cover any promotional expenses right? And if CSC is only getting 20% "commission" to sell their shares, could they afford to be giving away shares at .001. Bottom line is that SWA (their publisher) basically gets free stock to promote a company that has such revolutionary technology that there should be so much free press available for. How many different things have been posted here about the bullet proof skin artist bs, why isn't Kraig getting that kind of pr? Maybe they should give 6.5 million warrants to an actual pr firm instead of penny stock rags. I know some of us "investors" were brought in by those things but most of the people that buy off those aren't looking for a long term investment they want to make 10-50% and move on. That does nothing but make this look like a pump and dump even if it isn't. How many of your favorite restaurants have closed not because the product was lacking but because management made poor decisions trying to look like big timers - I'm afraid that's what's going to happen here. And what does the founder have to loose? He's got (or had) at least $30 mil in stock. That's a nice little parachute.
Lets say tht he still has those shares. That's over $30 million - what's 1.5 for your own baby.
SO with all of the research you've done into the science you haven't seen the patent? THere isn't one in the company or Kim's name, I'm not talking about the universities. The filing siad that the shares were in exchange for a patent from the founder. If Ben, Kim or Dr. Fraser are on here watching us, show us the patent that was worth hundreds of millions of shares.
I don't recall anyone encouraging people to email Dr. K but it might be. Never crossed my mind until I started to listen to the warnings.
Not entirely true, at first when everyone called me a liar my knee jerk reaction was to say email him yourself. But then a few posts later ( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66048021 )I asked that others not email him and was accused of being a liar for doing so (and this isn't the first time I've had to fight off that accusation, maybe from you I can't remember.) It was well after he ahd stepped back anyway. Any they said the reason was people calling him, I didn't do that. If the reason he steppe3d badck was bc he was being harassed, why, when he had the opportunity with not only me but the others on this board, did he not say so? It's funny that you are so quick to believe second hand info from someone else when no one here has heard it directly from Dr. Kaplan.
What about the millions of .0001 warrants? What about this from the "other board"
"On April 26, 2006, the Company issued 332,292,000 shares of common stock to its founder having a fair value of $180 ($0.000001/share) in exchange for intellectual property. The fair value of the patent was determined based upon the historical cost of the intellectual property contributed by the founder" So, Kim (at .10 / share) could have over 30 million worth of stock. Why couldn't he just loan the company the (up to) 1.5 million and maybe he has I don't know. But 332 million shares seems a little excessive. Not to mention the fact that this pins a value on a patent which still doesn't exist, not in Kraig's name anyway. Five years should be long enough to get that taken care of shouldn't it? In fact, I can't even find an application using the founders name or the company's name. Maybe you can enlighten us?
I can't see any data on what the value of a share was in 2006 but in 2008 the stock was as high as .05. So thats over $16,000,000 for a patent that didn't even exist. Don't most inventors have to actually prove themselves before they get a dime? Man I wish I would've done more listening instead of just believing.
My friend, someone was given (at least) 6.5 million warrants at .001. And that is just what I'm sure they were required to disclose in on email blast, Lord knows how much more they have been given along the way or how much of a discount the other millions of shares they disclosed were purchased for. Someone at the company authorized that. Is that how you'd like your shares to be diluted? I think that the actual penned csc deal is a sideline. When they are basically giving away shares to someone else or the same group. All of these folks seem to have made a living sucking money out of "carcass" (to steal a Sykes term) companies and Kim sees fit to deal with them. That's all I'm saying and shame on me for not realizing it to begin with.
I bet most business's that fail do so because of reckless spending and poor decisions, not because their product or service was bad and that's what I see here. Kaplan backs out, no big deal. PUbish his statement as to the reason why as a warning so us silly investors don't screw anything else up but don't ignore it.
as Pedro would say, Shalom V'Lailah Tov.
But all the cheerleaders are calling them VC's and investors. Nevermind. Good luck.
No worries. I'm not an expert but it really hit me before emailing dr kaplan (on a side note, did you notice in ben's response to the poster that he spelled his name wrong - if that had been me I'd have been accused of making it up.) all of these shady connections between csc stock promotors and stocks ben had been/is associated with and that makes me question the judgement of management, and that's why I did so. Anyway, I just think that this company has a long way to go before it could be called an investment that's all. Seriously, where did the 6.5 million .001 warrants come from? How many of those have been given out in total? That's not troublesome? I think CSC is getting far more than 20% in the end somehow.
No, not FOR free, I meant it doesn't appear that there are any restrictions as to how long they have to hold th sahres before they can sell them other than the time it takes for the company to register them.
Right, they are getting discounted, free trading shares instead of having to wait to see if the company fails or succeeds so their risk is very low. I don't think the terms are horrible per se, but it's more the associations involved. I mean seriously, these newsletters have millions of warrants at .001 - where'd those come from. I bet there is a lot more to the agreeements with csc than what's in that document. I'd feel a lot more comfortable using one of Mr. Wendt's contacts than getting in this tangled web of penny stock promotors / financiers. That's all, just too many odd connections and association with failure and not one indicator of any of them helping a product or real service being brought to the market.
Well, we are all entitled to our opinions. But when you say some of their clients (csc & Ben) haven't done so well, can we find one that has? And, risk? What risk are they taking? Who else get's paid up front for a "loan?"
Whoever put up the facebook page deserves at least 50k shares from Ben's stash IMO.
The post they referred to quoted you as saying that you don't invest in companies with products on the market etc. It just seems like a contradiction that's all.
And yes you were correct, I did sell out and lost big. I'm still watching though and really do hope it turns out well for all. I just don't have any confidence in the way this thing is being played - but hey, that's a penny for ya.
Even worse! So, a publicly traded company feels it's a wise use of stock to pay for IR tied to pump newsletters that almost always are associated with companies that implode but not to take advantage of this great, free resource? Does that not show a lack of judgement?
Nice catch!
I've been thinking about venture capitalists lately and you know why they get paid? Because they take a risk. CSC is by no means playing the part of a vc here because they are taking no risk! They are getting paid up front! THe whole thing makes no sense whatsoever, why not just dilute to us investors on the open market. And, someone is giving those warrants (at .001) to swalert etc - again, why not just sell those shares to raise money and we could be done with this thing already. If the science is so great (and I really do believe that it may be) there is plenty of pr to be had, so, pay a marketing grad a reasonable amount (40-50k) to find those oportunities via the free press. Just like there are tens of thousands of those grads looking for a job, there are more journalists hungry for a story - and it's free. Here's exibit a that Kraig has no marketing plan, they are trying to let the world know what they have etc. right? Well, what's the best, FREE way to do that right now? Here's how they're using fb: http://www.facebook.com/pages/Kraig-Biocraft-Laboratories/173817285993617
This board is like watching Hannity. You're wrong, I'm right and that's it. I really don't care what the evidence says, it doesn't fit my view so you're wrong.
When I posted about the Kaplan thing everyone wanted proof. Someone gets second hand reasons why he stepped back from the board and no one questions it whatever and it's posted in the ibox to make everyone feel good. Has anyone heard Dr. Kaplan say he stepped down bc he was being bothered? No, but that's what Ben told us and what Dr. Fraser told us (who was probably told that by Ben.)
But I'm probably just saying this because I'm mad that I took a bigger loss than I had to right?
You forgot - GO KBLB
You win, they're awesome! and the IR they recommend, even better! Just look at his other project WKLI. C'mon, I'm not going to repeat all of the CSC stuff again, we know they're shady.
I wouldn't expect it to. But, for me it was the tipping point. So, what successful companies has calms seas "financed" or "advised"? What successful companies has our IR put onto the big boards? The association with these entities should be cause for concern to any long. How can they expect people to invest their hard earned money at .10 a share when the newsletter guys are getting millions at .001? But anytime someone raises these issues they are mocked and we're told "that's just what these companies have to do to get started" well show us one company calm seas has helped bring a product to market.
I did email Ben and got no response. Then emailed again, no response . . . then I posted here to warn others. I doubt anyone will get a response on this, they're just going to ignore it and let all the "positive" folks on the boards do their dirty work.
re: I emailed dr. fraser . . . .
So, this warrants being highlighted, but the actual statements from Dr. Kaplan don't? And how about the fact that our leader and ir team haven't addressed this issue? Gotta love this board, why oh why didn't I listen to the warnings when I was up . . .
IMHO that's a wise decision (the bbq too.) I do hope you understand I only did what I felt would protect us in the long run.
You have to pay to get contact info on most "real" executives.
Thanks btw.
Um, it's in quotations, that means it isn't paraphrased. That was his answer. Just like I've repeated over and over.
After he made it abundantly clear tht he wasn't on the board, I simply asked for his opinion.
Might have already replied but thanks. I know I've lobbed some grenades at you in the past.
Yeah, I've been buying and holding for the past few months with maybe one small flip. I'm making big money! I guess the truth is hard to swallow, maybe we should have all paid a little more attention to manshoon, mojo, jb etc.
SOmething to think about, the pr announcing dr. kaplan was on 6/6 and the conference call was just a few days later but no mention of dr. kaplan. I didn't email him in those few days, and I seriously doubt others did, if he had in fact been inundated, don't you think it would have been reported here or somewhere else? Two times, he had the opportunity to say to me that he had been bothered by investors, and he could have done the same to the folks who emailed him yesterday and today, did he?
I wasn't apologizing by the way, I was saying am sorry for you, I was only trying to do the right thing, isn't that what this board is about, sharing knowledge and experience?
Did I not ask that people not email him? Yeah, I'm the one harming shareholders here, the whole calm seas connection has done nothing but help right? Have you seen the list of companies that they've helped? It's amazing!
Do you feel like barfing because you drank too much? I'm dying to know what you mean here.
I'm confused, did he say that it was the flood of emails? No. And has either Ben or Kim responded to anyone who's emailed them on this?
Whatever, if the pr had included a statement, or if they'd have included him on the cc as a caller to announce how excited he was about the science etc I never would have given it a second thought.
If he thought that he had the opportunity to be a part something as significant as you think KBLB will be - do you think a few emails would have bothered him? IF there was a flood of emails, how come no one had mentioned it on the boards until yesterday?
Obviously, honesty and transparency isn't a part of the equation on penny stocks so this won't affect the price and I don't care, I just wanted to put it out there so I can sleep at night.
Yeah, it's called honesty. Here is what Dr. Kaplan said, don't add in your own speculation or anyone else's:
"They asked me to, then after they posted all this information, I removed myself and I have not consulted with them at all"
Speculative interpretation, "I agreed that I would look over what they had but then when I realized I was being used as a PR tool I said thanks but no thanks"
Who berated Dr. Kaplan.