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Never left Bob. I just decided to detach from the day to day rhetoric.
I am not letting go of my shares. I have already made far more here than I have at risk so I will hold till the end.
I have not been following the news much since covid because there was no hope of progress till countries opened up.
Now it's a matter of waiting on M to manufacture the sample line and get it on a runway. I have no clue how long that can take.
I am just happy about the third party contractors being up to par. We will hopefully need many more and it's nice to know the operation is a transferable process.
"Kraig labs anticipates issuing a series of updates on production expansion shortly after the management team returns this week"
I seriously doubt it will be a red day, week or month.
My guess is end of day run up
Close near .08.
Thursday closer to 09 with a dip on Friday if there is no PR back to 08s.
Monday 09+ then depending on PR we shoot up or collapse back to 07s
It wasn't really a head scratcher Dimes.
The company reported production months ago . Today's PR is about expanding production.
It isn't about KBLB making metric tons. It's about the 3rd party contractor making metric tons. We will need quite a few subcontractors in order to produce millions of dollars of silk a year
I do not remember them saying they had completed production for product launch months ago.
Could you link that please? The statement today was that they had completed production.
Mundane silk pathogens are an issue for silkworms all over the world. Those pathogens don't care what type of silk the worm creates. If KBLB can create a worm that produces resistant silkworms that's a great thing.
How long you been a shareholder?
13 years...
I dont remember you here in 2009
Monday, 03/20/17
We have never purchased any shares for just the reasons stated...
I have been on both sides of this coin in penny stocks. It is fairly true that penny stock bears are more than likely being more real than the bulls. Most penny stocks are straight scams so pointing out flaws nobody wants to see is real.
But there are very few otc penny stocks that last a decade. Fewer still that have not reverse split 3 times in that same period and even fewer with verifiable links to legitimate interest.
But Kim has taken a long time developing what most here have said "there has to be a better way" to.
But considering all that this penny stock is one of very few i know of on the otc that is worth the risk of a few thousand bucks long term.
If you are going to play the lotto KBLB is one of the best tickets to buy in a risk/reward ratio.
Nobody plays pennies for the reality we are all here for the fantasy of a rare real winning ticket
Never really left Bob. I still own my .01s i just have not traded it in a year or so since its been on a slow bleed. But i think the pps will be going up at the beginning of the year.
Just not sure where the bleeding stops. I thought it would be where it is now months ago
Hey Blue something i dont understand from the PR is how is lab equipment going to increase production 10x?
The .06 took a hell of a lit longer to get to than i expected but now that its there i am looking to reload but the pressure still seems to be downward.
I expect a pop up soon but not till january IMO.
Will it drop into the 5s first or will Kim attempt to prop the pps up before eoy?
Thanks Lebbi i figured i missed something
I have a question on one of the statements he made...
"The additional lab and testing equipment the Company scheduled for installation is now also on hold due to shutdowns at the Hanoi-based supplier"
Didnt the last PR say it was installed already or was there more equipment mentioned in a PR i am forgetting?
I agree with that. We could linger at 9s but i feel like the psychological effects of breaking .1 will push it lower without a PR.
Kim doesnt have much of an excuse. He should have had some sort of production amount to announce long before now.
It wont take much of a PR to bounce it back over .12
But fluff will crash it the day after the PR.
Not looking like an impending PR so i have to guess this drops to .07 to see if that old resistance will hold.
Pretty sure we get news by Tuesday or this drops below 10.
The market is not going to sustain the price on Kims "soon" and doubling of doubles anymore.
He has no excuse left. It isnt about being bullet proof anymore is simply abput a silk shirt.
If he cant produce silk in a silk producing country with the help of silk experts capable of being used for mundain fashion he cant make silk at all.
Kim needs to deliver in the next month or the PPS will drop below .05.
But .10 breaks next week without news if it doesnt break at the close
JMO
Think you are right mojo. A material Subsidiary makes more than 5% of the revenue or holds 10% of the combined assets so KBLB would have to announce the material event
I dont think so Faith.
Not that i think its happened but the sub is not bound by SEC rules the parent is. The parent has to announce the material event of the sub giving them funds but the sub doesnt have to report when they get funds.
Im not 100% sure but i believe this is why OTC stocks are always using subs.
Everyone that says they are holding at the top is selling.
Just like those that urge selling are buying.
Thats how stock message boards work.
You didnt think everyone posting is telling the truth did you?
Some do. But you can normally tell by the consistency in their posts.
If its always great or always crappy regardless of the action that person should be ignored.
Only show up on the downside or upside should also be ignored.
We still have a couple weeks to wait i believe.
Should hold above 10 but if not and it does hit .099 it could crash fast
Completely untrue.
A very small amount of news can move this to .25 with little effort.
Even the .40 pps would not take major news.
The flipside is also true. It wont take much bad news to drop the pps to .06
There is a lot to be said about psychological price points.
They are pretty good indicators to trade on
Life would be better on the nasdaq providing they have sales.
Going to the nasdaq to listen to PRs about doubling the mulberry would just end up delisted.
Production is everything at this point.
Produce sill and the RS wont matter.
But he cant expect to go to the nasdaq if hes "holding news" a material event needs to be reported not held for a pump and dump.
That would be the main change if they do uplist.
The types of complaints would have to change and cant just make up things to complain about.
It broke .50 with far less news.
I am not saying it would stay there but it would touch a buck for sure.
JMO but if it breaks below .10 the psychological effects will drop it closer to .075.
I will be buying too as well as others but i think the volume would be substantial.
My guess is it will do that if kim does the RS
If kim doesnt have some actually good news by the end of the quarter the pps will collapse i think.
Hoping for news
It very well may be ready to run.
The only thing that causes a run is a surprise.
With the majority expecting another Kim fail all he needs to do it release a slight win and the stock will run.
There is no doubt in my mind that if kim released a PR stating they shipped their first metric ton the price would break a dollar.
There is doubt in my mind that he will make that announcement.
The doubt keeps the pps dropping.
The further it drops the bigger the surprise if he comes through.
If this crashes to single digits and he announced it the pps would break 2 bucks in the panic buying
No idea where it will be in 2 or 3 years.
But it will be at 20 bucks or zero.
If you asked me 2 or 3 years ago i would have said in the dollars without a RS but since then Kim has past my time expectations.
I still have my core holdings since they will be profitable unless he goes bankrupt.
I believe Kims intentions are good but he has no idea how to actually delegate work.
His hands on approch to his dream has kept it from happening.
Had he hired a CEO to run the company for profit instead of his perfect dream the stock would be worth money by now.
Hes had many opportunities to make the company feasible but has not.
With all that in mind i would have to say that the silk hes making wont fit his perfection standard so M wont get any and will back out.
If Kim would just produce whatever the wroms are making M would buy it and the stock would run.
So the question i have is will kim finally accept the silk he is producing or will he decide it needs another round of improvement to make it 5 times stronger than the unknown strength it is?
His empty PRs with unknown numbers is what has kept the stock under a dollar for over a decade.
Doubling the doubled double wont work anymore.
He needs to produce something by the end of summer or the stock will become worthless.
Even his strongest supporters are at the point of saying "just shut up and make some fricking silk"
The price of the shares.
I have been keeping kblb at arms length since trading it has become useless. If kim gets production going or finally does his RS that will change.
I check the filings occasionally but dont really get into the details.
Seems to me the PPS in the S1 is impossible without a RS and considering a month for the SEC response i am guessing it will happen in that time period.
Am i missing something?
Thank you Web. I was too lazy to go look.
Still say its happening in the next month at 1:40.
Thats seems to what the S1 implies unless i am wrong about that too.
We will see.
I just wish he would get it over with. The RS hanging over the stock for so long has muted the buying volume.
The stock is almost untradable unless you are willing to risk a lot of money and wait for tiny buys and sells to fill.
No.
But i am thinging selling pressure this week pushes the price below .10
JMO but i believe its people exiting before the RS happens.
Im not sure if Kim will announce it before it happens but thats just a guess.
Correct me if i am wrong please. Is the RS time limit up in july? Its hard to keep track.
Pretty sure its going to happen this month.
Im hoping the panic sell drops it to .06 or lower if i am right.
I hope so. Because "soon" means "never" here from what we are told repeatedly.
I think it will happen after the first delivery announcement if its going to happen at all
Thank you.
I was too stupid to look for it under Kings brand instead of M
Was driving me a bit crazy.
It wasn't modeled as such?
What was it modeled as and how do you come to that conclusion?
The mask was a full head and face covering....like used by skiers and snowboarders.
The guy modeling it is in no way fat or out of shape.
Those are not jeans. But they are ugly for sure. Maybe they are terrorist pants because they have pockets too?
I wouldn't doubt that some people like the vest or own a few. They are pretty common in sportswear.
The question I have is where did the photo come from? I can't seem to find it on any link or video of M, and Google will only redirect you to other weighted vests. Some that look just like this one but are not M's
I am not arguing about how the photo looks.
I am just saying that a wieghted vest is actually a fashion item.
The mask or variant was worn by almost every model because it was a fall fashion show and thats when you begin wearing cold weather gear.
The guys body under the vest i didnt notice because that is not the product.
But who needs a wieghted vest in the first place? The pudgy guy not the ripped one.
The fact is fashion designers are artists and tend to be eccentric.
Most fashion shows have some styles nobody in their right mind would wear.
JMO Ray but i think its a company on only paper working out of M's current location and splitting the revenues.
M's is a small operation and already has infrastructure in southeast asia.
Trying to break out into a new area of the world is not something he wants to do i dont think.
That probably is OK with Kim because it allows someone like Polartec to get north american exclusives.
I have to add that with the internet and no personal knowledge of the fashion industry i have no idea if regional exclusives even exist any more.
I think its a perfect JV to start with. Kim can get the wheel spinning constantly but not so fast he loses control.
Polartec is great too, but too big a bite to swallow for Kim right now.
To actually answer that question you have to actually have a little bit of an open mind and realize that fashion doesnt only include shirts and pants.
It also includes things like wieghted vests for "working out" while also living life.
And that is actually a wieghted vest.
As for how many...
You can reference this page if you like.
That particular model has 68 sales at $120 and its one of at least 5 models this company sells.
Seeing that M sells high end i doubt his will be $120
They might though since his back packs are only 100.
But we will have to see what actually comes out when the line up is released. It wont be much of what was at the show. It depends on the feedback he got from the audience
https://tribe-wod.com/products/weight-vest-urban-dark?variant=31921502945340¤cy=USD&utm_medium=product_sync&utm_source=google&utm_content=sag_organic&utm_campaign=sag_organic&utm_campaign=gs-2020-04-21&utm_source=google&utm_medium=smart_campaign&gclid=CjwKCAjw9r-DBhBxEiwA9qYUpT0l2M7VuNt5UHXLhQZ0US9uWTszsWMy0GXrct55VZDiartvGl1msRoC134QAvD_BwE
Probably not many LOL but fashion designers are a strange lot.
Hopefully they sell as many items as this guy sells...
https://wwd.com/fashion-news/shows-reviews/gallery/calvin-klein-rtw-fall-1202561318/
You are correct (that was pretty funny) but it changes nothing of the point I made.
It is pretty funny how it doesnt matter how far back or what the topic is the "coming soon" issue resurfaces every time. Justifiably
But it still explains the point that there is a HUGE difference between "plans to" and "has".
The difference absolutely requires a PR
JMO but i think Kim is fairly easy to see where he going.
He basically flug open the doors to everyone from the military to tiny designers and is using a ratio of taking the path of least resistance : highest income
The 2 cent move isnt much but if you trade 5-10k at a time it can rack up a lot of cash.
Think i cleared near 50k after taxes last year doing that with 20k after taking the win at .30-.45 from .07 in 2019.
I dont mind a little dead money if its going to yield a 20% return in a month or so.
I try to trade big board stocks for a 1-3% return a day if i can so its not much slower and it can make a 500% return as readily as a 20% which big board stocks cant
That is very much Kims ideology.
I am just not sure if he has considered what the end user requirements are in that statement.
And honestly he broke that ideology when he dealt with the military before he was ready.
I just dont see M caring if its as strong as darwins bark spider as long as he can use the gimmick of saying its spider silk.
I also dont see a rope company testing a shirt to see if the fiber is strong so different property requirements means he could easily be at the best point for a first impression in the fashion industry while not ready for prime time with military use
It could easily drop to .10 and will if Kim stays silent all month
But i think Kim will be saying something very soon that will kick the pps up.
I am not buying to hold. I have as many as i intend on holding. I simply swing or day trade this now.
14x seems pretty safe but the stock has a tendency to drop to .xx2 if it breaks through a penny mark like .15.
.165 is a fairly easy top to hit so a .02 profit is enough to make me flip.
If it drops to .10 i will buy more on the way down because 14-16 is pretty easy to get here in a somewhat regular basis
Didnt say an answer cant be trusted.
Just wondering if the "facts" were backed up or thought up
Question for you Truth.
Quality and consistency is extremely important to something like ballistic armor. At the time of that issue the military was the target.
But when talking about clothing silk of all types comes in grades and high dollar items use the best graded silk. There is no consistency. Thats why its graded.
So if kim is producing "inconsistent" silk he is just producing grades that the fashion industry is used to.
The silk produced years ago was touted as more silky than normal silk.
So is there a consistency issue if the silk is for clothing or is it just different grades? If its seperated into 4 grades it is consistant but kim needs to produce more volume to produce each grade.
I think that is what he is doing.
Quality is a different thing. Improving quality just means producing more percentage of high grade silk so that issue could still exist.
But if M is getting his A grade and Polartec getting the B grade how long till kim announces shipping?
I am personally buying if it dips in the 14s. I was tempted at 152 but the RS hanging over the stock has me cautious.