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He isnt hiding anything. It isnt like he is trying to imply it was a huge amount.
I think this is mostly in response to questions about the batch of eggs they hatched.
I would not have done a large batch in his place either. This is his first real chance to test his off season protocols. The small batch was sent to Kraig for testing without a doubt.
The best news we could get right now besides a sale would be to have him tell us the batch proved out his protocols and the silk is consistent enough to meet M the movements requirements.
The other aspect is that the small batch could be a sufficient size sample to fill what M wants for their testing.
I understand the desire to find fault with any little thing but "small" is a good enough word to use. We dont need to use a thesaurus to find synonyms to make the word small sound smaller.
They actually did which it why it didnt move the price.
Prodigy shipped to Kraig labs.
Since that is like sending yourself a valentine card you get no real love.
Kim should have announced weight and purpose.
If the silk was just shipped to be tested it's pretty much fluff.
But the shipment does indicate things are up and rolling again
They caught me with my greed exposed yesterday. I expected a bounce and bought at 55. Now I need to double down but I am looking at a possible $40-45 bottom before a bounce but still couldnt resist the 51s.
The drop is definatly sector wide so the bottom is too hard to call, could be now
Black Sky valued at 1.5 billion?
39m shares?
Is this accurate?
Am I wrong in assuming a $41 pps?
SPAC trading new to me.
Yes and that's kinda my point. Is our "pure" silk as strong as Darwins? If it is, Darwin research should continue but the silk we have should go to market even if they come through with Darwin silk
No hidden tons.
That would be just as wrong and misleading as saying there's less than a pound
That isnt exactly true.
"Spider silk" from what spider. There is pure spidersilk that is not strong at all.
While we used a golden orb weavers DNA that doesnt mean it has its properties.
Dragon Silk was already stronger than the orb weaver silk but I think it wasnt as flexible.
Been a long time since I reviewed the numbers.
Point is the purity is not really important at this point. A hybrid silk that outperforms "pure" spidersilk would be awesome but just equaling natural spidersilk is the ticket
I am sure that pile alone is a pound. But they didnt set up the machine to weave a few square feet.
Then there is all the quality consistency issues that you complained about that couldnt possibly have been noticed without several pounds.
There is the roll that was produced.
And the university has not made spidersilk in years. The spools are KBLBs.
Fact is they have produced a lot.
They have not produced a consistent batch for commercial purposes as of yet.
IMO kim is being too particular about it.
He wants the best but keeps improving instead of settling on a strain and selling it to produce a better strain at a later date.
With M the movement I hope that changes. The feel and look are more important than strength consistency in low production fashion
Sure they have. There are photos of far more than a pound.
You should say they have not sold a pound yet.
I am curious about your opinion on something Web.
If Kim has had the ok and ability to implement a RS for over a year and he is just doing it to dilute, why hasnt he already done this?
What's a good reason not to?
Open gap at .0084 from way back.
Will it close?
Not enough volume yet. Only takes a few trades to move it that much at such a low dollar value
It will again too.
There will be a few stops along the way but .06 is easy for this stock. .025 should come pretty soon.
.04-10 will take a few PRs. But it's a great trading range
After about .14 it gets hard because moves are sudden and large.
LOL yeah I think you are probably right.
I fricking love this stock but cant stand the management.
I dont have an issue taking the money off people buying but i wont sugar coat my opinions.
That tends to be abrasive to "longs" but i would feel guilty taking the money while saying to da mooooooon.
My advice... buy more than you want...
Sell less than you have...
Do it as often as you can...
Until you have your desired amount as freebies.
Then hold for the runs until the first day it opens in the red after a spike.
It wont be executed properly.
Maybe the longs here will learn to take their profits before the facts crash it again.
SRSR is far from legitimate but it is a great money maker if you dont get greedy.
Already made 1350% in 2 weeks of trading this.
If they get the pump right this is a retire in a year stock
Well Bob the fact is the shares have no true value really.
Or very little.
The price is neither high or low.
It's exactly where the market says it belongs.
The contract can change all that but has not yet.
That is the same status as every contract or agreement they have made.
When one of those agreements is finally filled we will se a different world.
Until then it's all about the OTC mob mentality.
The mob has heard this all before and are not as impressed as they would have been 5 years ago.
That's why it seems low.
The mob will lose control the day Kim delivers anything of actual substance.
But every run up will be smaller till he delivers.
We have gotten as high as we can get on agreements.
If you know me you know I just call it as I see it.
I am always hoping for a chance to buy or sell.
It has no effect on what I think will happen.
Its holding up better than I expected.
I thought it would be in the low 14s by now.
IMO that means without news it will make a sudden drop in the next few days.
13s I agree with but if it gets to the 12s it will be short lived.
Honestly dont know.
A forward split may not require canceling shares. It simply adds shares to the pile.
I dont know if they work the same.
I do know I have never been in a RS that wasnt halted.
No doubt. But .60 doesnt get an uplist.
You would quadruple and then need a RS which would cut the pps in half and only be doubled again in the end.
Same outcome
I could be wrong but I have never been in a RS that did not halt trading
During a reverse stock split, a company cancels its current outstanding stock and distributes new shares to its shareholders.
In the exchange you can not trade the shares you own since they are cancled.
Your new shares get issued with a D added to the ticker and then it can trade again.
Most times it's a few days of no trades as the shares are settled.
Am I wrong to assume all RS work this way?
As for an uplist that is something I have never seen happen on the same day as a split.
NASDAQ requires a certain price to list and the price needs to be maintained for a period of time.
Do you have an example of a OTC stock doing a RS and uplist at the same time?
I have not seen that.
I think it will be at least 6 months to 1 year after a RS that they can uplist
What I am saying is simple really mojo.
If we got a PR tomorrow that said they are doing the RS the pps would drop fast. I would place buys at .08, .06, and .04
I would get at least some of them.
Then we would go through the whole ticker changing thing and the shares would trade again.
Kim will put the good news he intends on in the period of time when the stock isnt trading. When it begins trading it will be a very low float as you said.
The pps will jump rapidly in either direction but could easily double.
Following a RS Kim will want to use the ability to dilute a small amount of shares at a higher price to continue forward.
He will use the low float and news to get the share price higher.
Uplist news would be preferable.
If he can up list, those shares he will want to sell can begin going to institutional investors instead of retail
I'm ok with that. I didnt look it up to the day.
My point is if we get a RS that was as high as possible we would go from .16 to $16
If news would move us from .16 to .20 than after the split it would move from 16-20 bucks.
I know there are a bunch of traders that think 100x less shares means you are losing somehow but that is what causes the buying opp.
If kim does a RS of 100 to 1 I would just load up at $8 like I would load at .08 if it dipped there today.
Honestly....forget the ethical judgement for a second and tell me if you think Kim would do a 100:1 RS and not have any news except dilution?
That is the only way it is giving money to charity.
And regardless of what anyone thinks of Kim, scam or not, he isnt one to just put out bad news after bad news.
If he was a scammer it isnt his goal to make the stock worthless.
If hes legit he isnt trying to make the stock worthless.
So announcing a RS and then nothing but bad news and dilution is not in Kim's plan no matter what anyone says.
A RS will be met with "fantastic" news.
Real or not that news will be a profit maker.
So all the doom and gloom over a RS is music to my ears.
The more its dreaded the lower the pps will go before the bounce
A repeat of the last 2 years would put us up 300%.
I would be ok with that.
What's wrong with a RS if it happens anyway?
The value of the stock wont change. But the habit of panic sellers will make a great buying opportunity
Bob I think the issue with the military is consistent fiber.
Silk by nature has too many variables for a military grade spec.
For body armor for example he cant produce compatible fiber. It must be superior in some way to replace kevlar.
Otherwise there is no incentive to use something new.
Right now Kim can make a comparable but that is only if you count the very best fibers.
The lower grade fibers are not. He needs the lowest strength fiber in a batch to out perform what is being used.
Cant have a 3 inch spot be not quite built proof in an otherwise functional fabric.
IMO Kim's fastest money maker right now would be a disease resistant worm if he has one
Actual repeatable production to a paying customer for a product that will be on the shelf in 6 months is all Kim needs right now.
The military is and always has been a long term target
That was what I thought Truth.
I just didnt articulate it correctly.
That the same message since 2016.
I was just curious if it was changed from "plans to be ready for production " to "is ready for production"?
I agree with you mojo.
I do think Kim has more than one PR planned.
If he does production and a day or so later announces a RS and everything needed to uplist the PPS will take a much smaller hit.
I bought about 20% of what I want at .16 in case Kim suprises us with a PR but also lowered my other buys into the 11-13 area in case he stalls out.
That sounds like the same message they sent out every year for at least 3 or 4 years isnt it?
Will be interesting to see where they go.
If I could trade it I probably would.
But I am still under the impression that goo is a decade or more from being feasible
Have to say Kim's PR was at least more uplifting than "our stuff rots when put in a landfill"
I thought Spiber was supposed to produce 200 tons or something last year. Any idea what happened?
I dont bother following goo production anymore. 20+ years of failing is good enough for me to say goo is not feasible for fibers.
Trying to use halts to counter act the reddit squeeze is their only hope.
17-20 was what I expected yesterday.
Seems to have held up but the low 17s are a bit more persistent than I expected.
I am buying between 14-16 right now but not looking like I will get any today unless the late day push is downward.
.18 close or more or I would expect a bit of a dip tomorrow
It's also ridiculous to ignore that the 5% dont drop.
The question is why those dont drop. It's because they are actually splitting for the right reason.
Rare in the OTC but not unheard of.
Well 90% of my trades are based on mob mentality and not fundamentals.
As long as this is on the OTC it will react with the OCT mob mentality.
If kim shows production first and RS after the mob will neutralize itself and the pps will stay stable.
But the split announcement alone will cause the OTC mob to react as they have been trained.
There is always exceptions to the rules but in 95% of cases the OTC exits on a reverse split regardless of its purpose
Yes if they announce a RS I am going to buy that dip with as much as I have available.
Took some off the table at 22 this morning. Will reload at 15-17 if it gets there or buy in if it breaks .24
Thought it was going to make it LoL
Fun day. It will be interesting to see what the MMs do to it after hours
If it's going to bounce up it should be in the next 10 min or so
I would say yes. If it gets there again I would like to see a day or 2 above it before breaking .50 but it's all up to Kim.
I think this move will put us in a 21-24 range until kim says more. Depending on the close today might stay at the 17-20 range if it cant close over .2
I am waiting at 15 in case they dip it.
I have some selling at 30 if it gets there before Kim speaks.
Curious what the consensus is for the price of a ton of silk?
considering the top silk is 60k a ton (old price. Have not looked lately)
What is the mark up going to be?
I would preferably have it the other way around.
I plan on fully taking advantage of the typical market reaction to a split.
Looks like it's going to bounce between 18 and 20 till the end of day move.
Guessing we close over .20
Very rarely does KBLB run up over .18 without a few days or weeks of climbing.
It has the ability to get up to a buck without much effort if the news cycles good.
My guess is this is testing the all time high again this year.
If kim PRs production or delivery this will pop over .35 in a day
Looks like 17 reboundback to 22-24