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My entry point will be between .115 - .105..... I will wait.
After the announcement of the split ratio and the sale of the shares, just registered for financing, to the open market, I believe it will hit my entry point.
Golferman
From the S-1
******
The debenture holder may convert each Convertible Debenture into shares of common stock at any time after issuance at a price equal to 80% of the lowest volume weighted average price of the Company’s Common Stock during the 10 trading days immediately preceding the date they convert the debenture;
******
Wow what an incentive to convert and sell
Golferman
Exactly right lots of dilution coming..... still on the side lines watching.
Golferman
FORM S-1
(Securities Registration Statement)
Just filed
https://www.secfilings.com/company/54387/
Not sure why Kim felt he needed to issue stock.
The effective commencement date of this working relationship will be the date of the signing of this SPA and the working relationship shall remain in force for a period of 60 months from the commencement date.
Upon commencement, and as consideration for its ownership position in the SpydaSilk brand and Joint Venture, KBLB shall issue 1,000,000 share of KBLB stock to MK.
Purchase commitments for KBLB under the agreement.
https://m2compliance.com/hosting/company/KBLB/link_files/2021/01-26-2021/Form8-K(01-26-2021)Kraig/Form8-K.htm
Under the terms of the Agreement, the Company granted the joint venture and the SpydaSilk brand an exclusive geographic license to all the Company’s technologies for the Association of Southeast Asian Nations, in exchange for a 4-year firm commitment to purchase up to $32 million of the Company’s raw recombinant spider silk over the 4-year period, with an initial payment of $250,000 to the Company. Kings is projected to purchase an additional $8 million of material in the fourth year, but there is no guarantee that such additional purchase will be made.
Big orders now on the buys wanting in.
I also believe we may bounce of .20 today
Golferman
The increased volume, SP appreciation and News today. Should bring a lot of eyes tomorrow.
Golferman
I bought back in below what I had previously sold.
Golferman
Bought back in this morning.... this PR should start a run.
Golferman
No it can not..... I called the SEC and sent them an email asking that question with regards to an uplist.
**********
YOU WROTE
Hello;
I have a question with regards to uplisting of a company to the Nasdaq that is presently trading on another exchange…… If this company presently meets all the requirements except the minimum price….. Can they be accepted with the condition that a reverse stock split is done at the same time as the uplist to the nasdaq.
Thanks in advance for your reply
Thanks XXXX
OUR RESPONSE
Thank you for your inquiry.
Generally speaking we can agree to such an arrangement. However, we will require the reverse stock split to be completed at least 1 week before listing on Nasdaq and possibly for longer, depending on the quality of trading and other facts and circumstances.
Thanks again.
William Slattery, CFA
Vice President
Listing Qualifications Department
Desk
+ 1 301 978 8088
*********
The RS split needs to be at least 5 business days before the uplist.
Give the SEC a call or email
William.Slattery@nasdaq.com
Golferman
Oh yeah..... you mean read between the lines. ( things that aren’t there)
They have not been seated. Please don’t imply they have.
If you need to verify send Ben an email.
Golferman
Show me where it says the elected board members have been seated.
Golferman
No the board is not seated.... that would need to be disclosed.
Kim is still conserving cash
Golferman
Bananarama
It is easy to buy back in.... protecting profits.
I would rather lose some future gain by buying when the stock is moving up.....then holding during these times and lose my present portfolio balance
Golferman
You are so right..... if he really cared and wanted full transparency he would offer an explanation as to why it has been 3 years to get things in order to uplist.
What a mess.....glad I'm still on the sidelines!!!!!
Yes it will be now hung share holders head for another year....makes you wonder why it takes 3 years to get approved to uplist ..... Reverse Stock Split 1-50+ coming
I guess Kim is the majority voter that has approved this...... WOW
Looking now for an entry below .10
Golferman
I still believe we will see a bounce of if .10 shortly.
Golferman
Truth
I believe you have Identified one problem.
Golferman
Let’s hope KBLB can meet the payment schedule.
https://m2compliance.com/hosting/company/KBLB/link_files/2020/12-11-2020/Form8-K(12-11-2020)Kraigbiocraftlab/Form8-K.pdf
My entry point is .091
Golferman
Could break .115 tomorrow..... next support is .10
Golferman
Not really sure on how this stock is maintaining the range of .125 - .139.... I had expected it to trade around .10 support.
The promised news has never materialized.
Glad I'm still on the sidelines...... still not sure on which way the SP will go.
Golferman
Still room to move looking for at least 35.00
Bought a Hugh position around 28.50
Look for a dividend increase to be announced at the share holders presentation on December 8.
Projecting a 5% increase in the dividend
Golferman
I disagree..... it far to risky to hold without more transparency and direction.
Kim has been keeping the company afloat..... Imagine if he didn’t have this ability...... what would happen.
10Q disappointing.
Golferman
Would be disappointing if that press release is now. As I’m sure Kim was wanting an announcement of a contract....to be done after the uplist to the NASDAQ.
I would assume if this press release you’re talking about comes before any NASDAQ information/uplist.....you can probably assume it is shelved.
Golferman
Yes..... I will not buy back in till after the RS.... or a cancellation of the RS
Golferman
Yes..... This news is still not enough to move the share price........ too many unknowings.
1- Uplist
2- offering
3- shipped to Prodigy?
4. Last time produced in off season didn't work - and used that as an excuse
5- stock split
Still waiting on the side lines for some solid direction.
Golferman
Bananarama
Remember the last time KBLB tried to produce during off season...Why fail again trying to producing in off season.......I believe Kim will not ship the eggs till March to hit the best season to produce.
Golferman
Glad I sold all my shares....... I'm waiting on the side to get a direction the SP is going...... this PR tells me nothing.... in fact a very disappointing..... GLTA
Golferman
Truth
Haha that's funny...... however you got that right.
Golferman
Darryl
I can buy back in 15 seconds....once I know which way the price will be going..... it’s called saving profits
Z06 Man
This is no BS.... we need answers on why the Texas farm is now all weeds.... When I receive an answer back from IR I will let you know.
Golferman
Have now sent an email to Ben...... waiting a response as to WHY the Texas farm is now all weeds..... this farm is to feed the on going local US research for silk worms........ if there is no food locally how are they feeding Silkworms.
How will they have US productions..What happened to the 2,000 tress planted and why have they not been maintained!!!!
We need some answers!!!!
Golferman
Dibuzu
WOW!!!!!! this is very concerning..... this farm was to feed local US production and on going US research of the silk worm...... the pictures look like it is abandoned for a while.
We need to know what has happened to the 2000 trees that where planted...... All shareholders are still under the impression that this location has been maintained and ongoing harvesting of Mulberry leaves
Will be sending an email to Ben tonight.....OMG!!
Golferman
Dibuzu
OMG!!!!!....Where are the the 2,000 Mulberry plants, planted in 2017 as per the Press release below.
KRAIG BIOCRAFT LABORATORIES COMPLETES PLANTING OF 2,000 MULBERRY TREES AT ITS NEW TEXAS LOCATION TO SUPPORT SPIDER SILK PRODUCTION
Sound by now look like this...... WHY HAS IT BEEN LET GO!!!!
I believe we may see some support @ .105
I believe we could see a test of .11 by end of next week.
Golferman
Hopeabides
The reason I sold was to protect my investment.... need clarity....Sold 50% of my shares in the .20’s and the rest at .16.... Don’t mind chasing the price once knowing all the facts of the uplisting and offering.
Golferman