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That’s funny! You claimed Tesla doesn’t make profits from cars but from selling regulatory credits which hasn’t been the case for years. How about owning up to one’s glaring error? No? Character counts.
Arachnodude couldn’t be more wrong about Tesla.
“Oddly, they didn't turn a profit selling electric cars. They actually lose money selling them. They make money by selling regulatory credits”
Tesla has been earning net profits from selling cars (excluding the sale of regulatory credits) since 2021. Having the highest profit margin per car in the industry certainly helps. Please check facts before posting.
The word, “our”, wasn’t missed at all. The market demand - the total addressable market- is for ANY spider-ish silk, and “any” obviously includes “our silks”. That the company stated “our silks” means nothing because it’s obvious KBLB isn’t selling someone else’s product.
“What's ridiculous is to know it as obvious but miss the key company phrase "market demand for our silks..."
Once again, failure to scrutinize the verbiage allows one to be misled into believing Spydasilk is stockpiling quality silk. When Spydasilk has launched (hasn’t to date) and products are sold (none known to date) and revenue shows up in a future Q report (who knows whether or not this will ever happen), that’s when you’ll know quality silk has been produced - not before then.
“Market demand for our silks still outpaces our in-house production capacity.”
What a ridiculous claim. Obviously demand outpaces in-house capacity as the total addressable market is in the Billions and has always remained completely unfulfilled because to date nobody has manufactured enough spider-ish silk and sold it to fulfill ANY of the demand.
“The spider silk we have in inventory is dedicated to the first apparel launch from SpydaSilk…”
Another dumb KBLB claim. Of course whatever they’ve made (unsurprisingly unquantified) is earmarked for Spydasilk because they’ve got an unfulfilled contract. Duh.
“The Kraig and Kings Group teams are working together closely to create SpydaSilk and our collective vision for the brand. Starting from this conceptual brand identity and ethos, we have created product concepts that we are now working to bring to life.”
All the usual forward-looking statements indicating that they’re “working on it” and nothing more.
The loose and open-ended language of KBLB communications has allowed for the incredibly unlikely pie-in-the-sky depiction of Spydasilk stockpiling quantities of viable silk. It makes no sense. Zero. Intentionally vague, open-ended language is generally employed to deceive, so why spin Kim’s communications in a positive light when that notion is incongruous with the nature of his evasiveness?
The point of my post was that the OP’s comment seemed to be chiding investors which would be less than kind, unjustly adding insult to injury. That’s all.
I hear ya. My issue wasn’t your opinion of KBLB or OTC stocks (all true to one degree or another), but chiding investors who’ve seen their investments plummet for the most part, adding insult to injury. Many have seen their six figure investments drop to under $40K, not to mention the added losses from the time cost of money (opportunity cost). Just saying…
“You can have a product that is ready for scale and sale, without being ready to scale and sale.”
Maybe you should be writing PRs for Kim.
Regardless of the literal translation of the verbiage, when a company announces “ready for scale and sale”, the implication is clear, it’s ready to start either now or soon, and not “KBLB soon”. It is precisely this use of language that continues to deceive shareholders into thinking success is imminent and it is just awful. If nothing else, the takeaway from this is that ALL KBLB communications have to be scoured for intentional holes, back door escapes, alternative meanings, vagueness and lying by omission which is why Kim’s PRs and other communications hold so little clout when it comes to anything related to the heart of the matter - production.
While I don’t disagree with you, there’s a somewhat insensitive tone to the post. KBLB’s awful performance as a stock is solely the fault of Kim Thompson. Shareholders are innocent in the matter and shouldn’t be chided. The stock has done nothing but go down for years and many are “priced in” and thus have little incentive to sell - might as well hold on and hope for the best. While I no longer have a lot of shares I still think there’s a chance for success, albeit a very small one - so small I think Kim would be just as surprised as me if it happened. THIS time shareholders are expected to wait a year for tonnage. We’ll see.
Skirt the issue all you want. Effectively selling those 65K shares doesn’t fit the story if one believes Jon feels the share price will increase. Forgetting what is believed about the future of KBLB, that cashless transaction, if nothing else, certainly wasn’t a good look - bad optics to those having any common sense. Nevertheless, it’s not that important in the big picture as the sun is getting low in the sky and it’s time to go outside and grill some steaks and play with the dog in the yard.
You still haven’t explained how 65K shares are laughable if it’s believed they’ll be worth a lot more in the future.
“quibbling over 65k shares when he retains 2,434,211 that didnt cost him a nickel is stupid..”
No, it’s obviously not stupid. What IS stupid is arguing that giving up 65K shares for .037 makes sense if it’s believed the share price will appreciably rise.
"For example, if the share price hit $1 (which is highly unlikely), then he would have $63K more."
$2,434,211 in my pocket and im going to worry about $60k?...lol
LOL?!? What’s laughable is laughing off $63,000 as being so insignificant as to not merit shelling out $2500 to avoid LOSING the $63,000. Gotta think about the implications.
“it onlys allows rice to SELL shares...if he so chooses...for WHATEVER the reason may be...”
And watching the value of those shares drop from $1,250,000 down to $93,000 in just a couple of years (and fearing a further drop) ISN’T a logical possibility as part of your, “WHATEVER the reason may be”? Gotta look at all angles…
If one considers Jon’s increased long position as a positive for KBLB, one cannot blithely disregard the fact that he effectively “sold” 65K shares of KBLB at approx .037 just to avoid shelling out a measly $2500 in cash for the whole lot of 2.5 million shares. That’s just a big zit sitting on the face of the discussion. If one believes Jon thinks the KBLB pps is going up he’d have somehow found a measly $2500 to avoid selling 65K shares at such a low price. It cannot reasonably be argued that Jon has “so many shares” or “he’ll get a lot more shares” as rationale for letting those 65K shares go for peanuts if he expects them to turn into pearls. Whether one wants to explore Jon’s warrant deal as being either a positive or a negative, one can’t have their cake and eat it too.
I detected no sarcasm, just a mistaken comment about an old adage stating the subject was a camel and not a horse. The link you provided didn’t work so if there was more to it than what I stated above, let me know.
Someone gave a thumbs up to a completely incorrect comment?
No front. Please explain what was “misunderstood”. Was it Spydasilk not launching? Not having produced any revenue for the joint partners? Something else?
Not quite…
From Google: Where did the phrase you can lead a horse to water come from?
John Heywood's
This metaphoric term dates from the 12th century and was in John Heywood's proverb collection of 1546. It is so well known that it is often shortened, as in the example.
https://www.dictionary.com › browse
You can lead a horse to water but you can't make it drink - Dictionary.com
One can lead a horse to water…
There’s no misunderstanding about what Spydasilk is and its relationship with KBLB, at least not with me. What’s also not misunderstood is that Spydasilk hasn’t yet launched. Well over a year later, we’ve seen no Spydasilk launch and its products have neither been seen nor sold so they’ve generated zero revenue for anyone. All very well understood. What else?
Yeah, no date “announced”, but a year and change later…
“Contracts, mass production, and agreements are all important and medical could be a home run with bases loaded.... but would be so much more important with revenue reported.”
If you’re making a baseball analogy… the bases have been loaded almost every inning but KBLB has struck out every time and it’s the bottom of the ninth. A hit would be nice and a home run (revenue finally) might win the game, but the World Series? KBLB is and has been a minor leaguer. Going pro would would require a lot more games won - production and revenue growth in multiple and consecutive quarters. Then, they might get bumped up to the big leagues with hope of one day winning the World Series (buyout or Nasdaq). There’s a huge gap between where they’re at and where we’d like them to be.
“if Kblb makes a quality spider silk, we won’t be able to fill all the demand for years…”
You’re 100% right, but that’s an AWFULLY big, “if”, and certainly not a, “when”.
“The assumption "they're having problems satisfying one complete, quality order from over a year ago" flies in the face of the company's reality.”
No, it doesn’t. Not at all.
“Market demand for our silks still outpaces our in-house production capacity.”
A dumb, lame-assed statement by Kim. Why? Because the market demand has ALWAYS been higher the KBLB’s in-house production capacity - a TON of companies in multiple industries have ALWAYS wanted spider-ish silk but to date nobody has had it in commercial quantities.
“The spider silk we have in inventory is dedicated to the first apparel launch from SpydaSilk, our joint venture brand with Kings Group in Singapore.”
Of course it’s dedicated… we have a contract and to date there’s no sign it’s been filled - no launch and zero revenue. And the open-ended wording, “…the silk we have…”, (unquantified, of course) allows for pie-in-the-sky notions of huge quantities of stockpiled silk even though that makes no sense (no Spydasilk launch and no revenue). Which makes more sense: KBLB has a bunch of viable silk with No Spydasilk launch and no revenue, or they have very little viable silk and no launch and no revenue?
“KBLB has completed the order.”
Clearly they haven’t. They’re planning, working on, they’ve created “concepts”…, ad infinitum. Yawn.
Well said!
Yes, I quoted my own post because you didn’t seem to understand it the first time. As I said in so many words last time, I’m tired of the topic of Jon’s warrants, have a good night.
“Again, why let them go at $.037 if one believes they’ll be worth considerably more in the future?”
He effectively Sold 65K shares for $.037 each - instead of paying one tenth of one cent in cash for each share. Why sell or otherwise sacrifice shares for that price if you think the price will be higher in the future? Doesn’t Jon believe in KBLB’s success? Or maybe he doesn’t have the spare cash. Unlike Kim, though, Jon doesn’t have a bottomless well of shares from which to draw. Someone suggested there was a tax strategy at play. Dunno. Don’t care about this subject anymore.
“Two bucks for KBLB is too low at this point. KBLB's technology alone is worth two bucks. Therefore, a good BO offer has to be more than five bucks.”
So may times people talk about KBLB’s tech, but if it can’t be made to work commercially - and it hasn’t generated revenue thus far - then under what pretense is KBLB worth two bucks or 20 cents for that matter?
”And, please don't say KBLB is not worth that much.”
Too late…. As you know, things are worth what people are willing to pay and right now that’s between three and four cents per share. That’s where the market values KBLB and it’s tech. 50 cents, one dollar and more ONLY come into play when there’s metric tons of viable silk being produced and sold each quarter.
“Regardless, why exercise the option now? That is the far bigger question than quibbling over the cost to him (nothing) to do so.”
While we’ll never know the answer as to “why now”, I have a feeling that watching the value of 2.5 million shares at $.50 ($1,250,000.00) shrink in just a few years to $93K may have had something to do with it.
As for “the quibbling”, the 65K shares’ nominal value wasn’t an issue as much as what letting them go at $.037 implied about Jon’s expectations for where the pps might be headed. Again, why let them go at $.037 if one believes they’ll be worth considerably more in the future?
The post you responded to addressed Jetow’s misunderstanding of how Jon would’ve retained more shares had he exercised the warrants when the price was higher in the past as opposed to where it is now. Jetow acknowledged the error and that was that. If you’d like to explore how the AMT may have impacted Jon’s decision or timing, have at it.
That suggests to me that Kim doesn’t disclose much to Jon and merely uses him as a mouthpiece.
“Those seem like the words of someone who doesn’t think that the 65K shares will be worth that much in the future."
then imagine what i think about 20k shares....lol
Exactly.
“Looking less likely that this was a harbinger of a big bump in share price. Still lots of ambiguity about what it means.”
Yeah, not a big confidence booster. I just wonder what - if any - conversation took place between Jon and Kim before Jon submitted the paperwork. I’d think Kim would’ve said that making it a cashless transaction would be a sign of weakness, or a lack of confidence in the stock. Had Jon simply paid $2500 cash for the whole 2.5 million the conversation would be a bit different. Maybe he’s redoing his kitchen and couldn’t spare the $2500. Who knows? Time will tell.
I’m not the one confused. To keep the transaction cashless - which is what Jon did - fewer shares would’ve have to have been sold at a higher price (in the past when the pps was higher) and that would’ve meant Jon keeping - having - more shares than doing the deal now at a much lower price. It’s not that complicated.
It seems summa people didn’t think about the implication of Jon having effectively sold nearly 66K shares at nearly $.037 rather than pay $2500 in cash to keep all 2.5 million shares. If he felt the pps was going to go up he probably would’ve done the latter. Food for thought.
Mojo’s post suggested he may have overlooked that by exercising the warrants when the stock was at $.50 meant that Jon would’ve only had to give up less than 5000 shares instead of nearly 66,000 shares as was the case. Thus, Jon would’ve had more shares by doing the cashless deal then vs now.
“We may finally be turning a corner.”
I’d like that to be true but I can’t overlook Jon effectively having sold almost 66K shares at around $.037 in order to avoid paying cash. If he truly believed the pps was going higher, wouldn’t he have simply come up with $2500 to keep all 2.5 million shares? Thoughts?
“(out of the 3 million shares) from that warrant. He received a total of 2,434,211 shares (in order to make it a cashless exercise, so he wouldn't have to pay anything) Since the shares cost $0.001/share, the total cost was $2,434.21. That amount was paid with the 65,789 shares that he didn't receive (at about 3.7 cents/share).”
So Jon effectively decided to sell nearly 66K shares at around $.037 - rather than keeping them and paying $2500 cash to retain all 2.5 million shares. Clearly, if Jon felt the stock was going higher he’d have paid cash and had more shares that could be sold at a higher price later. That he DIDN’T do that suggests Jon’s both hard up for dough, AND that he doesn’t think the pps is going higher. Some were giddy about this 2.5 million share transaction, thinking it meant KBLB was ready to “launch” but didn’t bother to think about the implications. I’m no Wernher von Braun, but I’m not getting any warm fuzzies over Jon’s deal - quite the opposite, in fact. When it comes to “KBLB” and “launch”, Spydasilk comes to mind and that’s not a good thing.
STILL the most ridiculous comment ever:
“There is nothing “well reasoned” about you feeling Kim has no credibility.”
It is disingenuous to cherry pick somewhat inconsequential things that are supposedly true when there’s so much more that wasn’t. What a joke. Production claims, Ray, production. Spydasilk, Ray, Spydasilk. Things that matter most. Shall I direct you to Webslinger’s ongoing list? Not worth further conversation.
Most ridiculous comment ever:
“There is nothing “well reasoned” about you feeling Kim has no credibility.”
I had no intention of responding were it not for the quoted comment above.