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Really? Would you mind linking a pic of the Spydasilk items at the fashion show in 2019? I think I would have remembered that
A contractor is anyone that agrees to provide a product or service.
A farmer can be a contractor.
A contractor in this context is not a job title it's a verb
I am not sure how you missed it but mulberry grows in the dirt like any other plant.
So "mulberry grower" is like saying "corn grower".
FYI a ranch IS a farm. The difference is simply that the animals raised on a ranch are grazers and need a very large area to feed off. A chicken and pig are not grazers and must be fed a prepared diet just like a silkworm. It has nothing to do with being a "very low occupation". Pig farming is far easier than cattle because of the space needed. This allowed anyone to raise pigs and chickens. Cattle farmers required far more money so they have an exaggerated self worth and consider anyone farming pigs as a lessor being. You just believe that side of the propaganda and judge a farm as "low" because it has pigs in it
Like it or not it's a silkworm farm and not a silkworms ranch. They have been called farms for thousands of years as well
Words have meanings and while you may not like the definition of a word it has one. A ranch is a farm by definition but a farm is not necessarily a ranch.
We will need many farms.
Some just producing mulberry and some producing both mulberry and silkworms.
You forgot the "IMO"
Old way? Go look at the guys Facebook page. All he does is fashion shows and sales online.
If you look at the first few posts you can see his shoe line went to a show, then was in hype magazine and they are taking pre-orders a week later.
The "summer" shoe line was released in February following the show.
Old or new there is really only one why to make custom fashions and preproduction of 500 shirts is not how it's done.
You can go to the guys web page and you will see you can't buy anything he produces. If you want something you order it and every product says..."Special Orders like this product may take up-to 60 BUSINESS DAYS to produce before shipping."
They are not sitting on a single shirt. There will be no huge production. Launch will follow the spring or summer fashion show after they have a range of products to display. Sales will be online only.
FYI sericulture is farming not animal husbandry.
Farming is production of a living thing as a resource.
Our farmers are not animal husbands or botinists. They are farmers. They farm animals and plants.
The husbandry is done by prodigy.
The places the worms are grown are called a silk farm.
JMO
JMO but they are a bit different.
The world needs spider silk.
But where it's needed is the demand.
A spidersilk shirt is needed so we make 500 but we sell none because we made small shirts and the demand was for large.
We did not seek the answer to what the demand is.
This is why they do fashion shows for new lines. You make a single shirt fit to the model and then you see where the demand is and produce accordingly.
This is why they did ties at the goo factory. One size fits all. Their hoodie was a simple display piece as proof of concept.
I believe M will produce a couple of designs and take orders to judge demand.
If not he's going to be sitting on a lot of money if his design flops and he's already produced a bunch
"spydasilk will do that..."
Yes but not from our end. M is the designer not Kim. We will need M to create the clothing and display it before a sale can take place.
"this is what the online is for..."
Online is where the sales will happen after the showing tells us what to actually produce.
Online doesn't care what season it is but fashion does. This is why there are fall and spring shows mostly.
If M was going to try a fall fashion they would need to already have the show and be producing the items that show interest. We have not had a showing so I would guess it would be a spring fashion which normally show in Jan or Feb for delivery in april..
"wow...you have some catching up to do.."
So catch me up Mojo. "Its a shirt .not a rocket to the moon"
Is is a shirt or a jacket or jumpsuit? Where did you hear it was a shirt? I heard it was a product line called spydasilk.
"You build based on need"
No you build on demand and you have to know what is demanded before you build. That is why a showing is needed for fashion lines
"Farmers?"
Yes...that what they call people who produce plants like mulberry and animals like silkworms. Most of our 3rd party contractors are farmers
I doubt it would be end of year. We need samples made public at some sort of showing before sales can start. I would expect that M will be the one to open that door. When that happens and they get some feedback of what products get interest then they will order the material to produce.
I would guess that showing will be in fall.
The production won't start till the beginning of next year with sales in q1 or 2.
I don't think people account for all the steps involved just to make a shirt available to the public.
Hopefully by the time that happens Kim will have a constant supply from 3rd party vendors to supply the production.
He's going to need a few farmers contracted before there will be a constant supply and as far as I am aware he has 1.
Is that assumption incorrect?
If you base business decisions on a typo you are not going to be in business long.
Typos should only be a topic brought up by those that have never made one but there isn't anything really worth complaining about so that's the topic of the day
No problem Bob.
For further explanation...
What Is a Not-Held Order?
A not-held order gives a broker the time and price discretion to seek the best price available. The broker is not held responsible for any potential losses or missed opportunities that result from their best efforts. A held order, in contrast, requires immediate execution.
The not-held order is usually a market or limit order.
An investor may place a not-held order in hopes of obtaining a better price than could be obtained with an immediate transaction.
The not-held gives the broker time to aim for the best possible fill for the client.
Not-held orders may be placed as market orders or limit orders.
Not-held orders absolve the broker from any losses that the shareholder may suffer if the broker misses an opportunity while waiting for a better price.
An avg trade dose not mean anything about YA
The seller put in a market sell at the ask of .066and bid of 059
They were sold at various prices because nobody had an open order for over a million.
The combined sales averaged .06.
Don't know why we need any fantasy here
Seems like a lot but at about a 150-200 to 1 ratio of silk that isn't actually that much.
Plenty for breeders though
And where is it you are getting this information? Are you simply imagining it or is there some toxic debt overlord web page you are subscribed to?
Did they? I don't see a name anywhere.
How did you come to that conclusion?
I don't actually see a "YA II PN toxic debt overlord" in the institutional ownership list anywhere.
Is this just an assumption on your part or do actually have some kind of proof of this statement?
I know....I should no better than to ask to provide proof of anything but I like to try to keep current and you never know when the metaphorical blind pig may come across the acorn I missed.
That may be true. But in what way does that matter?
The way I see it they have exactly the amount of eggs that they need and can produce any amount they desire in a month or 2.
KBLB doesn't make silk anymore. They produce eggs now.
Your "current" 85/15 comment IMO is not current at all.
They currently use all worms for breeding since the silk is made at 3rd party vendors. It was 85/15 before they had vendors to grow them.
The Vendors are likely at the 98/2 mark since they are making silk not eggs and any loss of the 2% won't matter because they have an egg source
They can be stored for several months if you are OK with the deterioration and losses. After 5 days of storage the cocoon weight can drop 4%.
7% after 10 days
And about a 12% loss in the first instar.
1 day is considered the safest length of time in some studies I have read.
I don't think production is being held up at all. I think those claiming it is just don't have a clue what the endeavor requires
The only reason the number of worms matter is because worms=money in the company.
I would agree with this. But by "management" you mean Kim.
Kim is not the management anymore. He's just one of them. That is not at all like the past.
The repeated history here is Kim's vague and forward looking communication style. With M and kings group and now 3rd party vendors in the mix communication will soon be coming from more than one place.
Kim won't be able to control the information alone after this year. There is no history to reference for that scenario
Yes when you don't know anything about a person that you are hiring or loaning money to you have no chance but to look at history.
But when you currently know someone and are up to date on their current life you don't look for their history to judge them.
Especially ancient history.
That's why job applications only ask for the past 3 jobs and not every job you ever had.
I don't know of any person or entity that remains unchanged over years.
Judge me on my past and you would be WAY off base
I am OK with keeping it in one form of measurement if you are OK with one form of math
"11 million eggs for Gen 6, sufficient for a silk crop of more than 2 metric tons."
"7,425,000 worms= 9,650,000 grams
That would be exactly 9.65 metric tons"
So how much is 11 million worms in metric tons again??
I agree. At 125,000 worms per 100 pounds I would guess he gave over 500k to each vendor.
That would produce a couple hundred pounds in the first 45 days and set up a breeding cycle for continuous expansion to capacity.
Maybe 500-1000 pounds in 90 days
Just a guess
Your analysis the 500k was the entire batch. It could have been. It also could have been the 10% they held for breeding.
But IMO 500k eggs is plenty to have on hand considering they are perishable.
A quick Google search produced...
Cocoon weight
The whole weight of a single cocoon is influenced by silkworm species, rearing season and harvest conditions. Pure breeds range from 2.2 to 1.5 g, while hybrid breeds weight from 2.5 to 1.8 g.
Degummed silk: 1.30-1.38
7,425,000 worms= 9,650,000 grams.
That's 10.6 tons at the low point.
It's been a while since I researched cocoon weight. But if I remember correctly it was in the range of .8 to 1.6 grams on average depending on species.
But I believe that was regular worms and not commercial size.
Approx 50-60% of the weight is fiber.
I will look it up. I have references somewhere
Your statement is missing something.
If they had 500k eggs on hand after 4 generations that 500k would be the 10% they keep for breeding purposes.
Which would mean the generation they came from would be 5 million total.
This is enough for 4.5 tons.
I am not saying they made that.
Just saying we don't know if that 500k was an entire generation or just the 10% brought forward to breed.
Am I wrong?
You are wrong. The fabric is made to customer specifications. It is not the property of Kraig.
The silk thread on spools is Kraigs product. We have seen that before.
Nobody in fashion would want fabrics or colors exposed before the release of their product.
"TMSC can't But Nvidia can"
That is correct.
In this scenario we are TMSC. The maker not the designer.
So if spools of thread is what you want to see just go to the website and look at them.
But you won't see rolls of fabric that will be used in Spydasilk until the Spydasilk JV releases it.
That would all be in the details of the JV agreement. I would expect that any boilerplate agreement would restrict public statement or release without joint consent.
Doubt you will get any characteristics in the videos. The description is a series of videos that will show the behind the scenes of the processes and steps to commercialize.
They started at the beginning with egg production.
I expect the next to show rearing and harvesting.
A third to show reeling and weaving.
That will be where i expect we will see silk in rolls
That would be completely dependent on the contract between the 2 companies.
I was unaware that anyone had read the contract besides the parties involved.
And yes Nvidia designs chips it doesn't make them.
Like M Designs clothing and Kraig makes the cloth.
Correct me if I am wrong but TSMC does not and would not ever show the new Nvidia chips it's making for the designer.
They would be sued for doing so.
I am pretty sure that Kraig has the same sort of agreement with its joint venture partner.
KBLB has no rights at all to show Ms fabrics.
M has no rights to release KBLBs silk info either.
The videos are showing Kraigs business not Ms or the Kings group
No it doesn't make sense.
Prodigy is a lab. They only produce cocoons for breeders egg production does not require a lot of worms it requires proper inspection and laboratory testing.
So a few thousand worms in total will produce the eggs for a ton of silk to be grown on worm farms by experienced farmers.
Asking for pictures of Spydasilk is just asking Kim to show you another business's property. He won't do that.
You will see Spydasilk when the rest of the world sees it
I would guess the next video will show you the worms you want to see and maybe the rolls of silk too.
But I am guessing the "series" of videos will be 3 and the silk rolls will be in the last one.
That would be proper marketing for a video presentation IMO
I think that is a bit ambitious.
Going from string to clothing can take a lot of work and months of production time.
I don't expect M to have spydasilk for sale till next spring.
IMO we will be making a couple more deliveries before they actually start production but they may have some concept pieces before the end of the year
Why would you expect any silk in a building that produces eggs?
I wouldn't expect to find silk under a chicken either.
Maybe wait till the series is completed before claiming your predictions have come true.
My guess is like all series they begin at the starting point and progress to an ending point.
The starting point in this case being the production of eggs.
I would predict the next one will be step two...growing the worms and perhaps harvesting.
Then processing and distribution
So maybe wait for episode 2 or 3
And now you know what the egg production center looks like.
It's a series of videos. Try enjoying episode 1 and don't worry about episode 3 yet.
I am impressed. It's quite an improvement from the rusty shoe box they started with
Hundreds of kilos can be any amount.
It isn't like it's illegal to use hundreds instead of thousands.
The entire question is simply a matter of casting doubt.
Fact is they are now in production.
I expect many PRs over the next year incorporating new 3rd party contracts to produce hundreds of kilos each.
That's just how silk is produced.
Not many vendors will supply tons at a time.
It takes too much work and space to produce millions of worms a month.
This vendor is probably enough to supply spyda silk for the initial production. We will probably increase vendors if sales increase.
Videos should help our perspective a lot.
I have been bid sitting all day but have not gotten lucky.
Think the low of the day will be in the next hour if it hasn't come already
Most of the aged stocks on the OTC do this as well as many blue chip stocks
People sell following news because it can cause a string of new investors buying.
If those new investors do not appear the price drops.
OTC stocks that are old like KBLB do not tend to draw new investors from news.
There is too much history that any news isn't break out news that's the same thing that happens on big board stocks.
It's actually the complete lack of history that causes OTC stocks to jump.
A news story on an unknown causes rampant speculation.
With a company like kblb there are too many people that are more than willing to show the history as a bad thing and it's easy to do with so much history.
It will take revenues to move it not just wild speculation.
Yes this is true which is why they tend to hold a majority of shares until profitable in a start up.
Fired isn't the issue for a start up CEO. It's SEC violations and disciplines that the avoid without forward looking statements. Not job security.
You are speaking of a CEO of an established company that has fundamentals for shareholders to use to judge performance.
There is no way to judge the performance of something never accomplished.
Kim is currently setting the bar. I expect it to be set quite low.
All I really want is for it to be set
Think it's 3 words but you forgot one.
Not interested yet
Nope. I don't think so. I had a buy in at .063 since the open. I dropped it to .061 and a few min later the bid dropped to .061.
Nobody is buying yet
You can remove Kim's name and replace it with the CEO of any company in the world. No CEO wants to make a comment that is not forward looking.
That's how they get sued.
Would be nice to see numbers but I would still think that production of apparel would create a climb and not a dip.
The stock is not reacting in the same way it was prior to covid IMO.
Very hard to predict
Not really.
A reaction other than what is the expected norm is not really telling. It's simply a mystery.
But it does offer an opportunity.
I just don't know if it's a buying or selling opportunity.
It should be a buy this morning regardless of Kim or any "typical" activity by Kim.
Nobody selling. Nobody buying.
Not typical for KBLB at all.
And only 4 trades in first 10 min. Where did everyone go?
PR tomorrow or do they wait till next week?
Mojo where did you get this information?
200k tons is 30% of world supply. I don't see a single vendor producing 50% of the amount that the entire country of China produces.
200 tons I can see maybe. But 200k