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<< Kim and his arachnoids will never produce enough webs to actually sell. It took him a decade to collect just enough for my grandma to knit an afghan. >>
It actually took over a decade and a half.
<< There is confusion here with the Spring Trials. >>
The only confusion is on your part.
<< The only said they expect it to serve as the operational center for the spring trials >>
An operational center = a center of operations.
Therefore, they expect the new Lam Dong facility to serve as a center of operations for the spring trials (once they have finished renovating it and obtaining a business license).
It can't be any clearer than that.
Is this saying befitting of the 69-year old sub-contractor:
<< There’s no way the biggest Kong is going to Vietnam and not coming back with big news. >>
Hasn't the Douchebag CEO been to Vietnam before many times? Because I don't remember him bringing back any "big news".
But yeah, we know, this time is different....
LOL
<< You originally said this was just a storage shed. >>
Sorry, but I have no idea what you are talking about. You must be thinking about someone else.
<< Both can be submitted and approved on the same day. >>
Whether something can be done quickly or not has nothing to do with KBLB.
They got the Lam Dong facility sometime before early February, and yet here we are about 2 months later and they are still preparing the application.
<< now you believe trials are being held at Lam dong facility? >>
I'm not sure where you got that. I have said multiple times that trials will not be held for a long time (because they still need to renovate the facility and obtain the proper business licenses).
If you are asking where the (supposed) Spring trials will be held, KBLB has said that will take place at the Lam Dong facility.
<< People will believe what they want; >>
Most of the rah rah pumpers don't believe any of the BS coming from KBLB. They just act like they do and lie to pump this worthless POS penny stock.
<< new location...new worms...new facility...new contractors... >>
And that is how many scams work. It is called the shell game.
Once a scam can no longer use the current location....worms....facility....contractors....
they start fresh all over again (in order to give hope)....
They have moved from Indiana to Michigan, and then went to Quang Nam, and then moved to a new facility, and now are moving to Lam Dong.
And during that entire time, they haven't really done a damn thing (except stuff the Douchebag CEO's pockets full of hard-earned shareholder's money).
Wash, rinse, repeat....
But yeah, let's ignore all of that history, so that we can continue to pump this worthless POS penny stock.
LOL
<< no one was ever "lied" to... >>
Of course they were. Many times over.
If someone says something and it turns out to be false once, twice, maybe three times, then that could be forgiven.
But when they have done it consistently for a decade and a half, then it is obviously lying. And to think differently is to just to put oneself in denial.
<< and the reason people are believing is because, SEEING is BELIEVING >>
Seeing what? Some fantasy that the company is spinning?
There is still no commercial production, no contract fulfillments, no deliveries, no revenue, etc.
But yeah, this time is different. LOL.
Please just admit that the reason that you are pumping is because you will do anything (including lying) to pump this worthless POS penny stock.
<< not in process but EXPECTS it to be ready >>
So even the Douchebag CEO has "EXPECTED" things to happen 100s of times in the past, and nothing of significance has ever come to fruit, this time is different?
LOL
Did he pinky swear?
LOL
FYI - I hope you realize that "expects" is a forward-looking statement according to KBLB's own PRs:
<< I can only go by what KBLB has said. >>
I am amazed at how someone can be lied to again and again and again over a decade, and yet still believe anything that they would say.
<< It comes down to the spring trials. >>
Those "Spring" trials will probably turn into "Summer" trials, "Autumn" trials, etc.
There are at least two big issues that prevent them from occurring anytime soon.
First, the facility where the trials are supposed to take place is under renovation.
<< If you have silkworms that can produce some form of spider silk, then produce. If you're having a "trial," it implies you don't know if they are viable or not. Otherwise, call it Stage 1 Production. I read "trial" here as being from the same thesaurus entry as "ramping up," "getting ready to," "planning on," "launching," etc. >>
Exactly!
Great post.
<< They are producing now and have been since December. >>
There is NO commercial production. KBLB has stated so in their PRs multiple times.
For example, this statement by KBLB says that the are "in the process" (which means that they aren't there yet) of "ramping up ....trials".
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
****5 MILLION SHARES DILUTED****
5 MILLION shares have been diluted.
Outstanding shares are now at 1,038,374,219.
They were previously at 1,033,374,219 shares.
https://www.otcmarkets.com/stock/KBLB/security
<< spring production news. I believe that will be on Monday. >>
WRONG AGAIN & AGAIN & AGAIN!
No production news yesterday and none today.
<< Might be best to temper expectations. >>
Thanks for being a voice of reason (amongst all of the rah rah BS that is posted all of the time).
KBLB has been (supposedly) "ramping up" for about a decade and a half, and they still don't have a commercial product.
Here are just a few of the MANY, MANY examples of their (supposed) “ramping up”....
<< KBLB has proof. >>
No, they don't. Just because you can create a few threads in a climate-controlled, clean lab doesn't mean that you can do the same thing out in the field for commercial production.
<< Ever-elusive they/she were/was. >>
The same is true of the Douchebag CEO. He has hidden many things over the years, and has lied constantly over a decade and a half.
<< in order for kblb to be a scam, that would mean there is no hope >>
WRONG AGAIN!
It means that the people running the show know that they are duping people and committing fraud for personal gain.
If Theranos would have been allowed to continue their operations for another decade or two, would it be possible to do what they were claiming? Maybe. But that doesn't mean that it wasn't a scam for a long time before they got lucky.
<< Dr Kumar is ABSOLUTELY one of the people who would know...he is an EXPERT in all aspects in the field of sericulture >>
Dr Kumar's resume doesn't include anything about transgenic / recombinant silkworms. So he is missing a HUGE piece of the puzzle in regards to KBLB. As such, there is no way that he can know if what KBLB is trying is achievable.
Your record shows that your comments are pretty much worthless.
<< after working at kblb for 5 months, Dr Kumar WOULD KNOW if kblb was a scam... >>
That is nonsense.
There were over 800 employees at Theranos. Many of them had worked there for a long time. Did they all know it was a scam? Of course not. And out of all of those people, how many were indicted? Only 2. Elizabeth Holmes (the founder & CEO), and Ramesh "Sunny" Balwani (the president and COO).
So to think that some sub-contractor that is only working on specific things is going to know everything about a company is ridiculous.
****5 MILLION SHARES DILUTED****
5 MILLION shares have been diluted.
Outstanding shares are now at 1,038,374,219.
They were previously at 1,033,374,219 shares.
https://www.otcmarkets.com/stock/KBLB/security
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
<< Dr. Kumar has been involved with Kblb for 5 months… He is by now, quite knowledgeable about Kblb and all of its workings as any insider could be… >>
Dr Kumar is not an "insider". He is a sub-contractor. He therefore doesn't know "all of its workings".
<< if Kblb is misleading investors >>
There is no IF. KBLB has been misleading investors for over a decade and a half.
<< you are implicating Dr Kumar as an integral part of the misleading >>
First, I never said that.
Second, my point is the exact opposite of the BS that you are spouting - that many people can be involved with a company, even very closely, and not know that it is a scam. FTX and Theranos had many people working for them. Theranos had over 800 employees. FTX had over 300 employees. But only a very small handful knew that they were scams.
<< I dont see any major competition. >>
KBLB has stated many times that Bolt Threads, Spiber, and AMSilk are competitors.
<< Wild dilution here >>
You mean the 1.3 BILLION outstanding shares?
Just wait until the next round (which will be coming soon)....
<< Not the same. >>
Of course it is the same.
You are trying to imply that someone wouldn't work for KBLB if they were a scam (because it would ruin their reputation).
Would NFL quarterback Tom Brady have invested in FTX if he thought it was a scam? Would he have made a commercial for them if he thought it was a scam? The obvious answer is NO! And Tom Brady's reputation is international. Barely anyone has ever hear of that old, unknown consultant.
The same can be said for many of the others on my list.
Would Walgreens have invested about $50 MILLION in Theranos if they thought it was a scam. Of course not! Did their reputation take a hit when the truth came to light? Of course it did.
But keep trying to pump up KBLB....
<< You keep going back 6,7,12 years into the past and trying to claim that is kblb’s future… >>
Because that is how the world works. We use the past to try to predict the future.
When you apply for a job, you give them a resume of your past.
When you try to get a loan or a credit card, they look at your credit history (aka past).
When you go to the doctor, they ask about your past health conditions. They might even ask about the health of your ancestors.
When you apply for auto insurance, they look at your past driving history.
You yourself have talked about charts and technicals, which looks at the past.
In KBLB's case, their past shows a constant pattern of lies and exxagerations, and there is nothing to show that there has been a change of heart by the Douchebag CEO.
Wash, rinse, repeat....
<< the Company expects it to be fully operational in time for the spring trials. >>
Yes, more forward-looking BS statements from the Douchebag CEO.
They "expect" to be operational.
<< A man of his caliber does not put pay over his reputation. His reputation is more important than his pay and he can find higher paying work elsewhere but this is what he decided was worth his time. Weak ass argument/non-argument webby. >>
Once again, that is a totally false premise.
The FTX scam had an all-star list of investors. Here are just a few: Blackrock, NFL quarterback Tom Brady, New England Patriots owner Robert Kraft, supermodel Gisele Bündchen, Sequoia Capital, SoftBank, etc.
The Theranos scam also had an all-star list of investors. Here are just a few: Walgreens, Walmart's founding family (the Waltons), media mogul Rupert Murdoch, Secretary of Education Betsy DeVos, Oracle Executive Chairman & Founder Larry Ellison, Carlos Slim (one of the world's richest people), etc.
To say that this unknown old (almost 69 years old) guy from India has a "reputation" is ridiculous. Pretty much nobody on this board had ever heard of him.
<< He would not waste his time with a "douchebag". >>
As long as he is getting paid, he could care less.
That is one of the many false premises that is used to try to defend KBLB, but it doesn't pass a reality check.
The problem with that is that scams are filled with "famous" investors and "big" companies backing them.
Just look at FTX, Theranos, Enron, etc.
<< …and it’s going to take a year?… >>
It took over a year last time (and there has been no commercial production since then).
10 Jul 2018 - Grand Opening: https://www.kraiglabs.com/kraig-biocraft-laboratories-celebrates-the-opening-of-prodigy-textiles-co-ltd-facility-in-quang-nam-vietnam/
9 Aug 2019 - Renovation Completed: https://www.kraiglabs.com/kraig-biocraft-laboratories-completes-construction-of-spider-silk-biotech-research-laboratory-in-vietnam/
<< Not every PR is going to be a blockbuster. >>
LOL
Not ONE PR has ever been a "blockbuster" in over a decade and a half. It's mostly just forward-looking lies meant to pump the share price so that the Douchebag CEO can stuff his pockets full of shareholder's hard-earned money.
<< This is a new era for KBLB. >>
No, it isn't.
<< True industry experts are involved now. >>
Experts have been involved from the very beginning - Notre Dame, University of Wyoming, Dr Malcolm Fraser, Warwick Mills, SSM Industries, Joe Cunning, Prof Don Jarvis, Prof Randy Lewis, Dr David Kaplan, etc.
Wash, rinse, repeat.....
<< How long do you think the Company’s Senior Management will stay in Vietnam? >>
First, I don't think that the Douchebag CEO is in Vietnam.
Second, I think that "senior management" could be in Vietnam for a very long time. First, they need to finish renovating the facility. That will take a while. The last time they renovated a facility, it took over a year.
<< I actually have to agree with webslinger this time. You don't announce all the higher ups coming to launch production and then get a consultant. Something went awry. This announcement should have been that trials are underway. >>
One will notice that the PR states that he isn't even in Vietnam yet.
It says that he "will join" them at some time in the future twice.
<< I actually have to agree with webslinger this time. You don't announce all the higher ups coming to launch production and then get a consultant. Something went awry. This announcement should have been that trials are underway. >>
One will notice that the PR states that he isn't even in India yet.
It says that he "will join" them at some time in the future twice.