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If we'd all stick to benign interpretations of verifiable facts rather than speculations and misinterpretations of things we really know little about, and constant accusations of foul play and schemes, this board would actually be more valuable to all of us. JMO.
This is the problem with blog venues. Anyone can spout their drivel at any time, with anonymity, and hence, lack of responsibility. After all, what real consequences accrue. Oftentimes these opinions are slanted with a bit of truth to make them seemingly credible. In the end the poster is not responsible, really. It's the people who listen to the posts that must accept responsibility for their actions.
So ZF quotes the article as representing the results for Monster Silk. Are you sure that the results presented represent Monster Silk or one of the other 20 strains of spider silk transgenics? Not likely that Monster Silk would be in the scientific publication, IMO. Why not ask Kim if the PNAS publication presents the results for the Monster Silk strain instead of jumping to conclusions? Secondly, if dramatic changes can be effected with so little content, that suggests a very good thing to me, that there is significant room for improvement. It may take time to get there, but KBLB knows the formula better than anyone else. They may be silent because they don't want anyone else to know what is going on. Now that the grant is over, there is no reason to be public about results. Trade secret is often more powerful than patent protection. Look at Coca Cola.
I like the positive outlook, but it is more likely that whatever boost we got is gone for now. In real terms the boost took us to .08 PPS. No matter what the future brings, it's not like we'll be clearing a tremendous hurdle that guarantees product approval and commercialization, like an FDA approval does. The best bet for this company now is to get a commercial deal that guarantees a revenue stream. That will not be as easy as everyone thinks. Again, first step is production levels that warrant such a deal. The next major jump will come when and if we can get off the OTC and onto a trading platform that attracts deep pockets. That's the reality of the situation, IMO.
The traders will always whine because they can't make money unless there's volatility. This company is a long term prospect, largely because of the animal they are dealing with. It takes time to get the productions train ready for production, then more time to get production on a scale that is commercially realistic. If you don't appreciate this you should not be invested in this company.
As I said before, it doesn't matter what everyone here is posting. What matters to the PPS is the investment of bigger pocketbooks than all the little bottom feeders. That sort of investment will occur only when a.) There is a supply chain so that b.) a commercial deal can make money for the company, and c.) the stock is able to move to a better exchange than the bottom feeder OTC. Thusfar this company has had less than a 2.5 million dollar investment of capital. Think about Amsilk, with 50 million dollars invested. Where is their commercial deal? Where is their commercial product? What are you all expecting anyway? Miracles? You want a 1000% increase in your PPS on a CC? How many companies have done that?
Truth be told, nothing on this board matters to real investors. This stock will not advance itself substantially until investment firms, hedge fund managers, and mutual fund managers get involved. And they are not going to touch an OTC stock. Right now it's just bottom feeders. Don't expect it to go anywhere substantial until there's a supply chain and buyers of substantial quantities of the product, which means a real company, not a start-up. So just hold on and wait, trade as you can, or get out. That's the bottom line. It's always been the bottom line.
This board cracks me up. First they complain about no published data, that the initial press release was fraudulent, that there is no substantiation of the spider silk accomplishment, even when reporters where there to validate the "feel" of the silk as decidedly different from the original. Then when the data is published in a peer reviewed scientific journal detailing the accomplishment, there is no "independent verification" of the silk. A scientific publication carries more weight than a patent application or any news blurb. It is the closest thing to truth you are ever going to get. In fact, it doesn't matter what is announced for this company, even a commercial deal. I can name the people who will still say it is not good enough or phoney. Same old same old.
I guess I would like to see evidence of the selling that you are so sure is going on. Failing that, your assertions are unverified.
Simply put, Sigma's technology for gene insertion can be used to replace silkworm silk genes rather than adding to the genes the silkworm has, which is ND's technology. KBLB now owns licenses for both options for making spider silk in silkworms, and they own the rights to Wyoming's spider silk sequences for that purpose. Is there another company with that coverage AND demonstrated capabilities for using it? I don't think so.
KBLB is not the only group of people who have been thinking about transgenic silkworms. Just google the terms and see all the stuff that comes up. Sigma's patent filing covers the use of their technology in silkworms broadly, not necessarily for spider silk.
Obviously they had ideas of exploiting their technology in the silkworm system. I see it as a big plus that they are covering the silkworm platform with patents. They certainly have enough money to go for worldwide coverage, which would lock up this technology in all major countries that have silk production capabilities. By partnering with Sigma, it looks like KBLB has protected themselves from competitors. Just my opinion.
Sigma patent on zinc finger technologies in silkworms. How about that.
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220110023154%22.PGNR.&OS=DN/20110023154&RS=DN/20110023154
Doesn't Sigma Aldrich have world wide ownership of the Zinc finger nuclease technology? If so, this could mean that KBLB is globally protected for gene replacement in silkworms, right? This should put them in great position for negotiating overseas, right?
Manshoon, you do an incredible job here. I hate to see you have to field the flack. Looks like this weekend was busy for you. Too bad you can't use the ignore! Just want to say thanks for all you do here.
Ed, that's the best post you've ever done here. Thanks.
Quantum theory would actually support that notion. You'd have changed your frame of reference or what you are measuring and that would change the outcome.
In fact, there are three labs involved, Lewis, Jarvis, and Fraser, and for all of them this project is one of several. Until Kraig Biocraft is able to secure enough funding to develop its own facilities and hire many more personnel, as Manshoon has alluded, it will not be making rapid progress in the development of new strains. Right now everything hinges on pulling together deals and arrangements that will impress investors with much more money to spend than we have. Keep in mind that whatever capital has been invested since the public offereing has not necessarily shown up in Kraig's coffers.
If you look at the financials you can add up the total amount of cash that Kim has had available for all of this over the years, and it's not really much. We're still in a building phase here, and it's moving slowly because of that. Hopefully the anticipated news will stimulate the needed interest. Just have to hang on and wait if you believe in the potential.
If you don't, if you are a fundamentals of the company type, then you view things differently. No sense in arguing about it constantly. That's what the ignore is for.
I would bet Friday after close of the market is going to be the preferred day for announcements from now on.
Wish I would have done this a lot earlier! lol.
Wonderful! Thanks!
"they are required to keep investors informed.."
And what exactly are those requirements?
Don't think I said I was "concerned" about short term traders. I think I was pretty clear that I don't feel they should be part of the equation for the CEO.
Anything that is not a done deal is a story, in my opinion. What good does it do a company to release info saying they are negotiating with a company and next week have to inform investors that the deal is stalled, and next week the same, and the next and the next, and ultimately maybe the deal falls through? I'm not a "trader" and I don't follow many stocks, but I fail to see the advantages to the company.
I think I explained pretty well my feeling about pre-announcements and premature announcements. You may disagreee, but maybe most longs tend to agree.
Thanks for clarifying.
Again, my understanding is that those shares are not for dilution, they are for splits. You are almost certainly better versed in the mechanics of all this than I, but as I don't see dilution, I am not concerned. When there is evidence in support of that contention, I'll get worried and sell.
You said yourself that there is no real value in the stock until there is either product or corporate deals. That means releasing stories about "I am doing this or that, pursuing this or that, trying to this or that" just to satisfy hopes and dreams is not going to contribute to the value of the company, nor the stock. It may stimulate some trading, and trading supported by those information bits is what players want, but it is not going to contribute to a stable PPS.
You are right, the CEO should not be concerned with day to day trading and PPS value. Therefore, it seems to me he is doing the right thing not pandering to short term traders by releasing information prematurely. The CEO should be concerned with loyal investor confidence and value, and show some discipline in his statements, not simply generating hope, but letting investors know when there is real value added. I believe that is what is happening here, and I like it.
Players don't, and frankly, as you said, who cares?
The reason for that number, as it was explained to me (correct if this is inaccurate), is that it represents the approved number of possible shares that KBLB is allowed to have according to the SEC. That is not the number of shares that are active, or for which the company is valued. The limit was set high by KBLB because they are apparently afraid of a hostile buyout. Somehow this protects them from a hostile buyout, although I confess I am not sure how that works, particularly when the vast majority of the actual shares are held by one person. Perhaps in the future that will not be so, and this is planning for that future.
Either way, I am not concerned. All that matters is the shares approved for trading, right?
I'm no stock guru, but here's my interpretation of how things have gone with respect to PRs and this stock recently.
The problem with the previous run-up was PR. It was based on players coming in and buying stock prior to an announced announcement. As soon as the announcement was being made, the players began selling, and the stock dropped.
That scenario was one that severely damaged investor confidence. Lots of people bought in on the way up and were shocked when their investments went South after the exciting announcement of a bona fide breakthrough. That's what PR did for us last time, and I think Kim is probably concerned about that happening again.
Those that are anxious for PR seem to be either players who want to generate and benefit from a run-up, possibly through shorting or normal buying and selling, and those who are desperate to get back to the levels at which they bought in, even if transiently, so they can at least regain their investment.
Given the player scenario, I can see why Kim would prefer to wait now until there is something firm to announce. The stock will rise based on fundamentals of the company, not on players feeding off of hopes of other investors. the rise may not be as huge, but the downslide won't be as big either. Overall that should contribute to better investor confidence.
That's my feeling on this whole PR blackout, and if that's Kim's reasoning, I endorse it. I'd rather have confident long term investors than day traders playing the stock, pumping and dumping the stock, which is all the pump and dump I can see there is evidence for thusfar in this stock. Those players are justifiably frustrated that they can't make a play here because of the blackout. I confess, I like that.
1- How many investors on this board have talked directly to Kim in the last 4 weeks?
Yo.
Interesting idea. Yes, it can be genetically programmed.
I understand that you don't think it untoward for him to have been paid, but then why mention it. As for who is paying Kim, the underwirters are pretty much the ones who float the boat up till now. The only way that investors like us can say we are paying him is if he's getting the money from sale of stock.
Don't get me wrong, I think making the inquiry is a good move. Hopefully Kim will respond. Alternatively you could contact the company PR person. Once again, though, without getting the answers you're pretty much perpetuating unsubstantiated information. It's good to question, but your statements read more as fact than questioning, and seem to be meant to justify your aggressive stance and need for answers.
It is understandable that we all have invested money we cherish in this endeavor. I daresay no-one here has more to lose than I. But that doesn't really give us the right to run the company or the CEO. It's more akin to being a shareholder on a trade ship. The captain runs the ship. If you grumble too loud it's not considered good form.
It would be far better to get the questions answered by those who can really answer them before coming on here and making assertions that are likely not correct. Just my opinion.
I believe that what is quoted has already been mentioned as having been forgiven compensation by Kim. He only needs the stock, he doesn't need anything else. Don't take my word for it. Call him up yourself. All I'm advising you or anyone else here to do is filter your info from the internet with a fair amount of skepticism. I don't like seeing misinformation repeated here. It hurts the stock and it creates unnecessary worry for investors. So every time I see it I'm gonna chirp up and give my 2 cents worth. As for providing any info I may have, well that would just run counter to my whole argument, now wouldn't it? I'd be asking you to believe me instead of a more reliable source.
I think it wise to remember that virtually anything you find on the internet can be called into question. Regarding Kim's being paid, I know for a fact that he has not been. You can believe the man himself, believe his company, or you can believe websites where anyone can say anything, like this one. Your choice. But my advice is that you need to have a few more sources than one, and they better be well know and reputable before you go around slamming someone. Any compensation he receives has to show up in the SEC filings. Find it there and you can believe it. Otherwise, "where's the beef?"
There can be no PR releases until parties involved agree to them. If negotiations are going on, it is improper to revel such until contracts are signed and both parties agree to disclosure. It is not really productive to speculate, nor is it productive to complain about the lack of news. As long as the stock is not being sold out from under the investors we've got nothing to complain about, really. As a number of persons have mentioned, it is going to take some time to get things lined up, and we all need to have a fair amount of patience.
Saw the video, the blog post is new. Interesting that they claim they've done this already, but to my knowledge there is no published report from their lab and it's been some time since they claimed success. Previous reports of success he cites have lacked significant substantiating data a well, and while they were reported several years ago, nothing has come of them even though the Chinese and Japanese are certainly very interested in this process. Bottom line is that simply expressing spider silk genes in the silkworms is not the way to success. There is a trick that KBLB has figured out. If you listen carefully to the videos you'll hear that. What do we know about Entogenetics or their silk?
I honestly can't fathom what positives you are trying to accomplish with your posts. So what is your suggestion/solution? It's one thing to ask questions, it's another to rant about the obvious. No-one here is going to solve the problem for you, so stop whining. Why post all your anxiety? Hold yer water or sell out. I do not think the repeated posting was an error. You're obviously either very immature or trying to scare people out of this stock. For those of you who would tell me to be nice, I am simply stating it like it is.
Thanks for the info. I don't intend to short this stock, but aside from MM's having been caught short I couldn't figure out how anyone was doing it. I've heard that shorting offshore is possible because SEC shorting rules only apparently pertain to stateside trading. In the same vein, can anyone explain how the new rules regarding naked shorts will affect short trading of this stock?
Once again, I am told that trading on margin for stocks under $1.00 in share value is not possible. Is that a broker-specific rule?
I have. There is no capability for margin trading on stocks less that $1.00 in value. In terms of shorting, I guess the only way I am aware of being able to do that is to trade on margins. This may not be true for offshore trading, though, but stateside it's not legal. So what am I missing?
I'm interested to know how exactly you are able to "short" the stock. Could you please explain how you are able to do this?