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Once again, great DD. Extracellular expression of silk proteins is a big step forward. Reduces the complexity of production in many ways.
KBLB needs to step up. The competition is announcing breakthroughs and Thompson puts out a PR that they want to start with clothing.
The omission of Kings/MtM is stunning. I believe Thompson may be signaling the contract is over.
This PR looks like KBLB is shopping for a new company to partner with to produce textiles.
A stunning PR. Not in a good way. But if he wants to break the news of the loss of a $40 million contract to investors, probably the right way to go about it.
It is all forward looking but I notice that Kings seems to have dropped out of the picture. I’m guessing the contract with Kings is over?
Once again, Thompson opens his mouth and generates more smoke and haze than clarity.
I read this PR as Thompson shopping for buyers right now. I thought he had one lined up. I can’t tell for certain that Kings is gone, but it’s not looking too good right now…
Spiber is targeting their brewed proteins towards the same luxury streetwear market that KBLB/Kings/MtM is hoping to address. They claim their brewed protein fibers are a better match to the needs of the textile industry than pure spider silk. This is an entirely believable claim, as spider silk suffers from supercontraction that would result in a piece of clothing tearing itself into bits after getting hit by rain or being tossed into the wash.
KBLB is not making spider silk. Their chimeric silks include recombinant spider silk proteins. Spiber’s brewed proteins are simply another form of a recombinant spider silk protein.
You know all of this, as does pretty much everyone else on the board. There are many unknowns about both Spiber and KBLB, but there is no reason to pretend they are not in competition and there is no reason to pretend that KBLB is not behind Spiber.
The DD being posted by TRUTH is useful to you and everyone else who is invested in KBLB, whether you like the situation or not.
MrAce: “Why are we not talking about what KB HAS done?”
We talk about that all the time. Look for some posts by WebSlinger if you need a refresher.
MrAce: “I dont need forward looking statements to see value in a company.”
Okay. What do you look for?
MrAce: “The reveal of the previous amount of spider silk produced is earth shaking because of the intent.”
I think you are saying “Because KBLB intended to make silk and they made some, that is earth shaking.” I consider it a baby step in the right direction, but we still don’t know why KBLB was having problems making silk in the past or how their actions address these problems. For that reason, it’s hard to know if this was a one-time success or the start of a bigger trend.
MrAce: “The amount was never the goal of this real world/weather trial run. Their strategy to produce was MORE than successful. Now with that knowledge thay can move forward confident of success on a large scale production model.”
Their strategy to produce failed many many times. Finally they managed to produce a ‘small batch.’ Because we don’t know what the earlier problems were, we can’t tell if the success was a fluke or evidence of a successful solution.
MrAce: “All the pieces will line up or.....they won't.”
Covering all of the bases here. Hard to disagree.
MrAce: “None of us can predict the future.”
Predictions about the future are made all of the time. Have you heard of a weather report? Within a 3-day window, those predictions are remarkably accurate. They are pretty good out to 10 days.
Part of my complaint about KBLB is a different issue: I don’t know what happened in the past. Thompson won’t explain how much was produced, what went wrong, and so on. We can’t even determine what silkworms were used to produce the silk shown in the December PR. Were those silkworms sent over in January (the last time KBLB reported sending over silkworms) or were they a different shipment? How many generations did KBLB have to rear to get to the silk displayed? What percentage of silkworms in that crop survived to produce silk?
If you can’t predict the future of KBLB or any other stock, your best strategy is to buy shares of every stock on the boards. No reason to favor KBLB over anything else.
MrAce: “That's why they call it Investing.”
Buying shares of stock without knowing much about the company is gambling, not investing. Thompson sure isn’t making life easy for investors.
SilkRoad: “Time for KBLB to make some more silk and sell silk — A LOT OF IT — so we can enjoy the fruits of our long wait.”
From all the posts of “soon” and “tick tock” and the like, we can assume it has been the time for KBLB to make and sell A LOT of silk for several years now.
The question that remains is “Can KBLB make and sell A LOT of silk now?”
Wait around for the answer, the KBLB way.
Once again, thanks for the DD . KBLB can no longer be understood as the only group using modified silkworms to produce chimeric silk .
Wish Thompson would do more to publicize KBLB’s efforts, but wise enough to know that’s unlikely to happen .
If you don’t like the message, attack the messenger, Exhibit 1a .
Agreed. We all know his confidence was sadly/badly misplaced back in 2013/2014. It was misplaced in 2019. It may be misplaced in December 2023.
I’m keying off on the presence of a photo, one like I’ve never seen before. We have all seen a few photos of spools of thread and of some hanks of silk, a ‘glove,’ and 11 shoot-pack panels. You know how familiar I am with the history.
But the photograph of Thompson holding more than 10 kilos of silk from a single production cycle is different. Hiring the consultants, reorganizing the organization chart at Prodigy, joining the Vietnamese Silkworm Association (whatever its official name is), the trip to Vietnam, and that silk produced from a single cycle make it look like Thompson is moving chess pieces around the board in preparation for a significant change .
Could this just be more efforts to provide false hope to investors? That possibility can’t be ruled out . But I’m hearing something different in the white noise that may turn out to be a harbinger of better days .
Given how little we understand about the issues and challenges KBLB has been facing and the solutions they have attempted, I’m hearing more reasons for hope these days.
One thing for certain: whatever happens, I expect criticism from both ends of the KBLB skeptic/booster continuum. That’s not gonna change .
Also appreciate your DD on what I believe is KBLB’s foremost competitor.
Understanding KBLB’s situation reminds me a lot about a TV show or a movie where the good guys (investors in our situation) are listening to a bunch of static and trying to decode a message hidden in the noise .
The recent photo may be more ‘yada yada’ noise, but Thompson’s willingness to provide at least some indication about their ability to produce strikes me as being a weak signal that things have turned around .
I still see considerable risk, but I have more hope that things are moving in the right direction than I’ve had in some time . You won’t find me recommending KBLB to friends or relatives, but holding seems less crazy than a month ago .
Wait and see . . . The KBLB way.
FZA: “The price per share seems to be holding up this week although the volume is low. Low in the .034 (quite a few times) range throughout the week. Started in the .036 range and closed up for the week at.0385, down only .0005 from .039. If anything that is a slight plus. It held on close to the weekly high. If Kim can continue these PR's and such content on a biweekly basis I would hope that the slow price rise would continue. A PR with a major contract or production numbers would make this take off.”
I agree with just about everything you said. The news about KBLB joining the Vietnamese Silk association did not provoke a significant buy of shares. Investors want news about production, sales, and product. But I see in these recent PRs evidence of more confidence on Thompson’s part that he believes production is close at hand. By that, I mean ‘some time in 2024 or early 2025.’
If Thompson’s confidence is justified at last, the next 15 months should be good for investors. One can only wish he were more forthcoming about the basis for his confidence. I’m not expecting to hear much along those lines, so investors will be waiting on production numbers to drop.
I still believe that the December photo is likely to be an inflection point in KBLB’s fortunes.
Nice DD . Thanks for sharing with the board.
“today announces that it has successfully completed the first pilot production test using a new two strain hybrid system.”
In January of 2023, Thompson reported they had sent the FIRST H2 strains to Vietnam. I’ll call this the EH2 system (early 2-strain hybrid system). It took an entire year before they were able to complete a pilot production test using the EH2 silkworms .
“The Company is now planning to transition all of its spider silk production to a two strain hybrid model in the near term.”
Yep, they are abandoning the single-strain production model that had such a rough time in Vietnam in 2022 . In the near term, they will ship new eggs to Vietnam from the Late H2 silkworm strains (LH2) . These are intended for the spring field tests and will form the basis for production in most of 2024 . But KBLB knows this is only a temporary fix . They need to shift to the 4-strain hybrid model (H4) . They are projecting the H4 model to be ready for testing in Q4, 2024 . They project it will take almost the entire year to get the H4 model ready .
Depending on how things go, Prodigy/GSS may raise another crop of the EH2 silkworms just to keep everyone busy and practice the production protocols for the new LH2 strains that aren’t even homozygous yet .
Nowhere did KBLB report they had settled on a newer set of H2 strains after January 30 . Instead their reports acknowledged the serious problems they were having with the health of their silkworm colonies back at HQ .
KBLB was not able to produce delivery-ready strains of any of their hybrids (H2 or H4) after the January delivery in 2023 . Things were that messed up . Fortunately they got more help along the way and they are getting close to having the LH2 strains ready for shipment .
You keep focusing on Thompson’s inartful and misleading use of adjectives instead of the glaring absence of reports about strains finalized, eggs shipped, etc .
I didn’t miss any notifications of egg shipments from HQ to Vietnam after January of 2023 . None were reported via a PR .
KBLB never announced they had a newer generation of H2 strains perfected after Jan 2023 . Never reported via a PR .
KBLB has indicated they expect the H4 strains to be ready in Q4 of 2024 . They reported this in a PR .
KBLB only reported one change to their silk inventory . After that, no PR has reported any further additions to their silk .
It’s hard to know which is more astonishing: how frequently you are wrong or how smug you are about it.
When did KBLB report sending eggs over to Vietnam?
January 2023.
So why no production from these eggs until December 2023? We don’t know for certain, but we can speculate.
First, KBLB had to produce silkworms from the parent strains to be cross-bred for first-generation hybrid silkworms. Did KBLB send over enough eggs so that part of the egg shipment could be devoted to silk production and part could be devoted to producing more of the parent lines for future generation?
Probably not. So GSS/Prodigy had to build up the populations of the parent strains. But GSS/Prodigy ran into the same problem that KBLB was experiencing at HQ: their breeding pool was not healthy and increasing the population was slow.
Production was shut down in Vietnam while HQ sought answers.
In July, KBLB brought some sericulture experts onboard. These experts introduced new protocols that helped HQ in their quest to develop strong parent lines. These new protocols were shared with GSS/Prodigy and efforts to increase the breeding pool of the Jan 2023 parent lines were more effective . By October, GSS/Prodigy had enough parent silkworms to crossbreed for production. That led to the silk crop KBLB shared the photograph of in December.
Meanwhile, back at HQ, efforts to develop various hybrids were improved by the new protocols. Although they originally targeted Q3 as the date the new silkworm lines would be ready, they only have one new line bred to be homozygous by the end of 2023.
In your version of events, KBLB developed two new parent lines and sent the eggs over to Vietnam without so much as a peep to investors about the new lines or egg shipment. In my version, KBLB floundered around until July, not making much progress anywhere, until they found experts who knew more about how to breed silkworms to produce high quality eggs.
In my understanding, the ‘new’ hybrid system is the one introduced in January 2023. But KBLB will have better two-parent hybrids available in the Spring field trials, delayed by the fact that rearing healthy silkworms is more complicated than Thompson (and I) understood. Only when they got the right experts were they able to make progress.
We can’t determine from the available information who is correct at this time. Later data may allow us to understand which picture is correct. But you have to account for a puzzling issue: Why no new announcements of egg deliveries after Jan 2023? My explanation is simple: they didn’t happen. Your explanation will probably include some version of “Thompson didn’t PR this because of his long history of announcements that went nowhere.”
We’ll know more in a few months, I suppose . How difficult would it have been to report, “These early strains remain under production . Production will continue with these early strains until newer ones are ready to replace them .”
Evidently too hard for KBLB.
Okay. Another specific set of predictions. Metric tons per month by June, a share price of $1 per share by June .
Good to know. I’ll mark it down on my calendar of highly improbable predictions. Since you said ‘June or so,’ I’ll list the date as mid July.
With a guaranteed return of about 2,732% in roughly 6 months, KBLB would appear to be a spectacular investment . I wonder why shares aren’t flying off the shelves?
Maybe I’m not the only investor who is less certain about the short-term prospects of KBLB .
I was referring in part to this section of the Dec . 19 PR: “The two strain hybrid system was successfully tested using an early version of Kraig Labs’ new hybrid production model slated for trials this spring.”
Although we cannot be certain, I believe the test was performed using eggs sent over in January 2023 for the two-strain hybrid model . Those eggs were an ‘early version.’ Since then, KBLB has been working on various hybrids. As is typical of KBLB, they talk about 9 hybrid strains, 6 of which have been selected for further development, 1 of which is already homozygous, and 2 others are within two generations of becoming homozygous.
One interpretation (which may or may not be correct) is that the 6 strains KBLB is currently concentrating on are comprised of a two-parent hybrid model and a 4-parent hybrid model. They plan to begin testing a more contemporary version of the two-parent model in the Spring Field trials. Unfortunately, the two strains needed have not both reached homozygousticity. That means that KBLB must:
1) Ensure both parent strains of the two-hybrid model are homozygous (requiring 1 to 2 generations);
2) Ship eggs over to Vietnam;
3) Increase the breeding pool of parent strains until they have enough to begin the field trials;
4) Cross the two parent lines to create eggs to be raised for silk;
And
5) Rear the first crop of silk from the contemporary two-parent hybrid model .
I don’t see much to indicate that KBLB plans to continue production using the ‘early’ two-parent hybrid strains. Did I overlook something?
Rayo: “That sample bale proved the all important robustness and processing of the 2 strain Multi-Line hybrid production systems "chosen one."
You understand that the spring field trials will use two different strains as parents for the hybrid, and that KBLB believes a 4-parent hybrid system will be needed in the long run, and that the 4-parent line won’t be ready for testing until late 2024, right?
All of this was clear in the holiday letter and most recent PR . Not anything I’m making up .
What was demonstrated was the process of breeding two parent hybrids together to get production eggs and then processing the resulting silk using their method to ‘open up’ the fibers for clothing purposes .
The next PR I expect will be the announcement that KBLB has sent more eggs to Vietnam .
Thank you. A lot more specific than ‘soon.’
In my understanding, a best case scenario produces some significant results just after the end of Q2, so we are about 3 1/2 months apart. That doesn’t seem like a huge difference to me, but to each their own.
I don’t fully understand what the issues are between the 2-parent and 4-parent hybrid lines. Summer may be hard on the 2-parent strains, but KBLB indicated the 4-parent hybrids won’t be ready until late in 2024. If the problem is sensitivity to climate, they may halt 2-strain production in early July and wait for fall to re-start 2-strain production. If it is just a difference in cocoon size, I’d guess KBLB will continue production throughout 2024.
Believe me when I say that I want KBLB to succeed just as much as you do.
Jetow: “You make a cute couple.”
We get that so frequently that we just, like, laugh out loud every time it happens. Even though we aren’t in any kind of serious relationship, people run up to us both and demand autographs as they ask, “Weren’t you models for Calvin Klein or Channel or Emporio Armani?”
It’s hard not to blush. But making a living as exclusive male models just wasn’t right for either one of us.
WebSlinger: “the recent PRs have discussing running a few "early" two-strain hybrid field tests recently, and they are now hoping to run field trials in the Spring. Tests and trials come way before any sort of production.”
Once again, Thompson has done his best to throw shade at investors. The Dec. 19 PR said, “The purpose of the recently completed production batch was to test our production model. The purpose of the upcoming field trials is to gain data from hybrids which we have developed over the last 12 months. “
So we have an early test and upcoming spring field trials. The early test was to ensure that the steps in the production cycle ran smoothly. Here’s another important line from the same PR:
“The two strain hybrid system was successfully tested using an early version of Kraig Labs’ new hybrid production model slated for trials this spring.”
Why wasn’t this production test also providing data on the hybrids which have been developed over the last 12 months? Because it was an ‘early’ version developed at least 12 months ago and KBLB knows it’s not particularly useful. For that reason, they aren’t going to continue production with this strain.
Instead KBLB will engage in field trials of newer silkworm strains. This will necessitate: 1) Shipping eggs over to Vietnam; 2) Having the experts from India travel to Vietnam to work with them on silkworm egg breeding; 3) ramping up production of the new strains; 4) Cross-breeding the new strains to produce hybrid eggs for production.
Posters want us to believe that production is already underway in Vietnam. How they can maintain that belief in light of the evidence provided by the Dec. 19 PR is beyond me. Notice that none of them provide actual timelines for when things will happen.
It’s easy to be right when your predictions are so vague they can be stretched from weeks to years to decades all by the use of vague terms like ‘soon.’
Gosh, if I ever predicted production would be ‘soon,’ even a decade ago, I can claim to be right as well! I certainly deserve a pat on the back for that, as I’m sure you will agree.
Want2retire: “I think you are way off. I believe production is already underway and the field trials, which will likely begin in February (spring time in Vietnam) will be for testing other lines.”
So when do you expect to see a post announcing a commercial scale quantity of silk produced? End of January? Mid-February?
Soon?
Patrick, between Christmas and Jan 1 is a slow time for the market. Not a good time to release news.
My guess is that Thompson wanted to staunch the bleeding with the news released in December. At this moment, I doubt he has news that will attract a lot of investors. Presumably the Spring trials will start in March or April and take 3 1/2 months (breeding cycle followed by production cycle) or longer to produce enough silk to justify calling it a production run. Mid-June 2024 is about the earliest I’m expecting substantial news. (Clearly this will make many people unhappy with me, but as long as they stick to ‘soon’ and ‘tick tock,’ their posts don’t provide useful timelines for investors to work with. Everyone should understand I am not infallible, I could be completely off base, but it’s the projection that seems the most realistic to me.)
Given that situation, if KBLB had held on to the news we got in December, KBLB shares might be dropping down into the 1-cent range. I’m happy that he released the news when he did because I believe it will staunch the bleeding we otherwise might have seen.
If Thompson releases progress reports between January and mid-June, that will indicate some level of confidence in the field trials. Thompson’s confidence (or lack thereof) is an imperfect predictor of success, but is the best I can offer.
Hoping that Thompson acts more like the hare and less like the tortoise in 2024.
Look carefully at this line: “these new lines will become the bedrock upon which future production is built.”
First, we have a future tense: ‘will become.’ Not ‘are.’
Next we have the words “bedrock upon which future production is built.”
Here is a very different statement that Thompson could have made: “these new lines will be used for production in the summer of 2024.”
Bedrock is not used to make stuff. We don’t build skyscrapers out of bedrock. We build it upon bedrock. Dig down to the bedrock, pour the foundation on top of that, build the skyscraper on the foundation. The new lines aren’t the foundation upon which future production is built. They ‘will become’ (in the future) the bedrock upon which new lines of silkworms will be developed. Those new lines will be used for production.
What Thompson is telling us is: Step 1) Refine the new lines to make them better in some respect; Step 2) Develop variations on these lines that can be used in future production.
With this, he is informing us that the current lines could not be used for silk production, even if they were improved. I’m wondering if they don’t contain enough spider silk genes to make DS or MS, just some ‘weak tea’ version of either strain.
Not only that, there were still problems with how ‘robust’ these silkworms are.
Make them more robust; Breed in the spider silk genes. Given how long it has taken to reach this point, no wonder Thompson is talking about ‘future production’ and not giving any sort of timetable.
I’m glad that Thompson has hired people who are experts in breeding silkworms. I assumed you put the male silkworms and the female silkworms together, got eggs, and you were done. Recognizing the problem and finding people who can help to fix it is a great step forward.
Clearly he has moved on from talking about ‘acclimatization.’ He indicated that he didn’t really understand what the problems were. His experts are helping. Whether they know enough about breeding genetically modified silkworms is another issue, one that we will find out about in the future, I suppose.
Out of 6 lines of silkworms intended for the quad-hybrid designs, KBLB has only bred 3 of them to the point where they are homozygous for spider silk genes. Presumably KBLB has been working on the quad-hybrid lines for all of 2023, and only 3 are homozygous? It will take nearly all of 2024 to get to the point where the quad-hybrid lines can be tested.
Enthusiasm curbed.
Nope. For me, hope springs eternal, only to get shot down by the good folks at KBLB.
The photo this month was a pleasant surprise, as I indicated. I allowed myself to hope KBLB might be ramping production up in late Spring and early summer.
Then we got this holiday letter which studiously avoids any discussion of production before 2025. Obviously Thompson didn’t want to investors to have a smidge of hope about 2024.
Or even a scintilla.
Unexpectedly depressing.
2025 or bust???
I thought we had a chance at 2024. A good chance.
Wrong again.
I have a google search on the lookout for information about KBLB. All I get is reports of their PR’s, either verbatim or a simple restatement. You can’t post what isn’t to be found.
Obviously KBLB might have been mentioned in this article. I suspect the lack of any mention is a function of a couple of factors. KBLB suffers from a lack of recent research reports on their silk and also from Thompson’s penchant for secrecy.
It turns out that hiding under a rock is not a good way to be seen.
Huh.
Wait a minute. After all these years of sensible caution, you’re not ready to kick it all away after seeing one photo? It’s almost like, after seeing Thompson holding that small batch of silk, you DIDN’T see the heavens open up and the angels sing.
Count me shocked. Gobsmacked. Flattened. Floored. Like, really surprised.
Don’t be silly. I so enjoy sharing my opinions on this board and seeing the appreciative comments, like yours, pile on. I’m not planning to go anywhere for a while now.
What about you? If we are still below a nickel at the end of Q1 next year, will you finally realize your fantasy has broken?
Here is what Wikipedia has to say:
“Acclimatization occurs in a short period of time (hours to weeks), and within the organism's lifetime (compared to adaptation, which is evolution, taking place over many generations).”
Science direct provided this definition: “Acclimatization: Ability of an organism to adjust its phenotype to new environmental conditions over the course of its lifetime given its genotype (see Phenotypic plasticity).”
This is often distinguished from genetic adaptation that occurs across generations.
I looked for “genetic acclimatization” on Google and did not find the usage you described. If it is the case this term has a special meaning in biogenetics that only researchers in this narrow field understand, I don’t think it appropriate to use in a PR for investors. It shouldn’t have been hard to find an alternative phrase that could have been employed.
This is a strange moment in KBLB’s tale. The news about the successful production cycle, along with photographic evidence of the quantity Thompson is referring to as a ‘small batch’ is a significant signal of an improvement in KBLB’s fortunes. It really is a moment for celebration.
Given everything that KBLB’s investors have been put through, I’m not ready to believe KBLB has resolved all their problems and metric ton production will happen ‘soon.’ But hearing that KBLB has achieved that milestone by mid-2024 could well be in the cards.
Reason for hope, not reason to bet the farm. That’s where I am today.
I look forward to you buying more shares with wild abandon. One way or another, you ought to be able to scoop up several million more.
Jealmc: “So in order to change the way a certain breed of silkworm reacts to its environment is to change its genetic makeup.”
Acclimation takes place within a single organism, right there in the definition you provided. I can acclimate to different altitudes. But I may not be able to acclimate to the Peruvian high mountains and thrive like the people there do. They have a different genetic makeup that allows them to acclimate to their extreme environment.
Changing the genetic makeup happens across generations. The parent and the child have different ‘genetic makeups.’ KBLB does this through genetic insertions and through cross-breeding.
That is not acclimation. That is genetic modification. Thompson surely understands the difference between these two terms, but he uses a misleading one. Why? Could it be that he is trying to disguise the nature of the problem he is facing?
I’m quite current with Thompson’s obfuscation. No need to re-read. I believe you may have misunderstood most of what you read. Feel free to study my extensive and nuanced analyses. Take all the time you surely will need.
There is good reason to believe the problem of genetic drift has endured into this year. Why else were problems arising at HQ, which does not suffer from climate or disease issues.
Silkworms don’t acclimate. You can’t give them a few extra days on the beach to get used to the temps, or a few extra days at high altitude to change the hemoglobin levels on their bloodstreams. When we acclimate, our bodies adjust to new conditions. Silkworms don’t live long enough to acclimate. The term is inappropriate when used with silkworms. Meaningless.
Perhaps you are picking up a few shares here and there on big dips, but I see nothing like buying with wild abandon. If more is better, a whole heck of a lot is a heck of a lot better. Go for it!
Mojo: “if there is a genetic drift issue, why would it need to be solved?...i have always stated that kblb can make money even if they have to keep supplying eggs over and over...prodigy is the egg supplier...”
But if Prodigy can’t supply eggs because their breeding stock is suffering from genetic drift, and KBLB can’t supply eggs to Prodigy because their silkworms are suffering genetic drift, and KBLB can’t make enough eggs because the genetic drift occurs before they can rear a breeding population from new genetic insertions, then the problem has no solution.
Why would you imagine genetic drift was limited to GSS when we have been told it happened in KBLB’s own lab?
SMH
We both need to know more. Thompson’s PR statements state ‘acclimation and conditioning.’
Silkworms do not acclimate. Look up the word in the dictionary if you have forgotten what it means. ‘Conditioning’ can mean many things. Conditioning to the temperatures, to the humidity, to the lighting, to local diseases, to a tendency to revert to mundane genes.
We can determine if Thompson knows what he is doing by: 1) waiting until he has demonstrated the ability to produce at scale over several production cycles.
Really that is the only way to know for certain. One way.
We can look for hopeful signs. The photo last week was one such sign. Having a good (quantified) batch is another. Having a second bigger batch is another. Having a third batch is another. Those are all positive signs of progress.
You may feel you can trust Thompson’s vague and ill-worded PRs. I did that for several years. Not any more.
I would put some level of trust into a clear and transparent statement by KBLB about the nature of past problems and how their current efforts address those issues. The PR you cited doesn’t come close.
You have sufficient confidence in Thompson’s previous statements. That confidence is unjustified in my view. I am still holding my shares, but nowhere near ready to buy more. I don’t tell friends to buy or to sell. Too risky. I think you feel the same way, deep down inside. If not, feel free to purchase shares with wild abandon.
I’ll benefit from the rise in share price if so.
1BigDaddy: “The perception of credibility erodes away when those things that are supposed to be done in the light of day are done in secrecy/behind closed doors.”
Nicely put. I would also like to see a shareholder meeting this year, and the one after, and annually, if I think about it.