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https://au.investing.com/news/company-news/kraig-biocraft-expands-silk-operations-in-vietnam-93CH-3226329
It's interesting these folks think kblb is overvalued. With no revenue they say 7 cents is the fair value. Anyone here know what formula they use to come up with that?
Really enjoyed reading this PR! 20 at end of day.
Yeah, lets all get back to research, due diligence and sharing all that with each other here. And buying more shares! We're going to have to have at least one get together when this stock hits $1 or $20 bucks. Then you'll find out I'm just a pot bellied nerd who likes science instead of sports.
Now THAT is a PR!
So where are we all going to get together when we go to a buck and then 5 and 10? I think Kim should join us too. Any ideas? A buck should be stateside for us that have less than a million shares.
Nasdaq.com picked up the latest news. https://www.nasdaq.com/press-release/kraig-biocraft-laboratories-brings-leading-sericulture-expert-from-india-for-launch
All I am saying is I've been there and senior management can put pressure on junior management in critical situations by just "showing up". Kim knows as a micro manager this is a very sensitive stage of the company and needs to show leadership in getting it done. I think it is a positive for the company and the share holders that a microscope is being applied by senior management in this stage of the development of the plan.
I think the leadership team will be there as long as they need to be because this is the point, a critical one where the company fails or succeeds in mass production. In my past I was a project manager and know how complex things can get in starting up production and tracking costs, timelines, personnel, logistics, engineering, external support, materials, in this case weather, politics and an innumerable other forces that can make or break the project. They HAVE to be closely engaged in this to see it through. So I don't expect we'll see anymore photos of them at restaurants with glasses of Champaign for awhile.
Well I picked up my last chuck of shares on house money. We'll see what she does here before production and maybe buy some more. No trading for me unless to get rid of some high lots at a profit on a dip.
It's the only one that makes any sense now. Thankyou! And btw, I'm a left winger now after 40 years being on the right. My favorite news source is not FOX any more. Love PBS.
I've always liked your thinking!
I agree with mojo. But if Elon decides to buy us out at $5 a share, I wouldn't complain a bit.
Any ties to Elon and I will sell all, No doubt.
Well according to the pps we're 99% there! Who knew! I have to admit I'm kind of superstitious with numbers, seriously. It looks extremely positive to me. Gather the dry powder for this one.
That "Organic" rise in pps I'm sure will be a rocky ride since we're on the OTC. Some show up just looking at the charts and are ready to jump in and out just to make a quick buck. It's like a bad windstorm to a fledgling tree at times. Has anyone heard from THEBEASTMUGABI about his dad? Wondering if he got out.
There are so many variables to consider to even begin to predict when KBLB hits a dollar but I think Kim wants to desperately get out of the OTC ASAP like all of us and get some stability for his baby that I am willing to make my investment on that alone if nothing else comes along.
Alot of good words there Silk. I kind of had a wakeup call on this last runup. My core was way too low. Even though I saw my position increasing thousands of dollars a day I realized after trading this stock for over a decade I hadn't increased my core hardly at all. If your not using your own hard earned cash you may as well go all in with it. I don't want to have that FOMO feeling again.
Sorry, sometimes Google gives bogus results. The listing rules can be found here https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5500-series
I have no idea how high the sp will go. It will depend on sales and net worth. I'm speculating the dollar mark will arrive quickly once production and sales are announced
Sounds like a good way to go for everyone.
We have to hit a minimum bid of $5 to list and then maintain above $1. So when we hit $1 and have upward momentum expect an up list soon. I'm looking at a dollar this summer so my plan is to accumulate in the pennies as much as I can for the next three months.
You can do both long and short term BUT if news shows imminent future groundbreaking change then your risks of FOMO become too great IMO. My problem is lack of resources to respond to market changes. We're going to go through a transition phase from penny to dollars I believe and those who hold large positions in the pennies will have a huge ROI.
I agree if your trading for the short term but things have changed for this company so now I'm building shares for when it goes NASDAQ and the big league.
Haven't heard this in awhile but "Welcome to the penny stocks."
Picked up some more shares today. Don't know who's selling but it's nice to build up my core before it's too late. This might be it.
I'm hoping he hooks up with The North Face. Maybe I should help things along here.
Loaded up a bit today.
One of the only worries in the back of my mind is the security of the IP from not only China but also Vietnam itself. All that hard work over 12 years being stolen. Any thoughts? Also, I have never been in this kind of situation in my life owning shares in a company where each day sees thousands of dollars increase. Kind of caught me by surprise and scrambling for a plan. Still holding for $5 a share or a BO.
Bit of a bumpy ride today but the view is great up here!
Now this is interesting.
Welcome back RED! Good to see your still kicken and sticken!
Same here. Patience always pays off with this stock.
Today might be interesting.
And an important thing to remember when looking to add if the stock is rising is your buying into momentum. You don't have to wait for a retracement that may never happen. And trading around a core is win win in this kind of situation.
I would like to see a nickel and jump back in now that I have some dry powder to work with. Like you have been saying, so far so good.
From Google "At Schwab, if you place the order online, you'll see your cost basis method on the order entry screen. If you select the "specified lots" method, you'll be able to specifically identify which lots you want to sell."
True gaps don't always get filled. That's what the core is for. To minimize risk in the long run i.e. losing. Buy low sell high with a portion using the tools available by your broker by selling in lots. Specific shares on a cost basis. I have limited dry powder at the moment so I can increase the number of shares in my core by selling the expensive lots or a mixture if I want to take a profit. Then wait for an inevitable pull back in the pps and then buy back in to increase the core if news indicates further increase in the company's net worth.
Just trading hopefully up here around a core. Once settled, hopefully a buy back in for more shares.
Very high liquidity. Wink