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Agree, and actually you can use it as a play. The minute Clay shows up, sell and you will save yourself $$
558K shares before market open? MM settlement txn’s from yesterday?
“Nice! A million shares traded already!”
Yes, but not a whole lot of price movement to compliment shares traded.
Thanks for sharing Truth. Something to look into further for sure.
Agree Red. Some portion of board predicts “no news” before SH mtng, some the opposite. I lean towards the latter IMO. We will see
To that point, guess I shouldn’t have tied AON to my order....never filled. Have enough shares, and like where my average pps sits, so hate bumping that up to any degree, but gave it a whirl anyway. Figured if I’m gonna add, I want all the shares I seek or I’ll defer until another opportunity pops up.
Golferman - yes there were. Only 2,500 shares, but took it down -0.0161 premarket. Looks to be another awful day and no apparent intention to issue any news throughout the ongoing downfall
Red - can’t say for sure as I wouldn’t have any insight into preparatory tasks that may or may not have been underway. Kim may already have certain auditing standards in place via existing partner, or if one can have a promissory timeline for obtaining SOX compliancy (vs already holding that certification) at time of listing. If not, and If required at listing, that is a heavy lift, albeit the company is still somewhat in startup stages, so not as complex as established co’s that require significant level of controls.
Red - Surprised as well. Additionally, determining, implementing, and evidencing process, financial, governance, et.al. controls, then having an independent auditor certify SOX Compliancy is no small effort, unless company has already kickstarted that process.
Well said DOD. Agree.
Thanks for the feedback - makes sense now.
“Under my understanding, KT will end up with at least a 84% control of KBLB (400 million from super-voting shares + 20 million from current Class A shares). If we go to the 40-to-1 split, he controls 94% of the company. “
Quarters - Appreciate your thoughts, and as a long time holder, agree with opinions stated as well. However, I am not following your math on the above. If a 40-to-1 split, doesn’t that put the O/S at ~21M shares (835M div by 40). Thus, if the 2 voting shares are worth 400M votes, “substantially” takes a different meaning with essentially 20x voting power of entire O/S (not even counting his 200+M shares that will be effected by the RS). I’m not understanding this element.
I agree with you Red. However, whether we are uplisted or not, big boys aren’t going to put there money in without some fundamentals in place. Proven production, revenues, clearer idea on exactly what markets are in the crosshairs, etc
All IMO of course
“They absolutely would be subject to the same reduction”
Rayo - I read that section multiple times after a poster posted his/her opinion multiple times, as I was under the same opinion as you stated. However, after reading, it is clearly stated that the 2 Preferred shares are not subject to the RS and will remain as 200M votes each. What I did not understand is the math behind that. If it is a 1:10 RS, that leaves 83M OS. Thus how could there be voting shares that are 300+% above total OS?
There was a link to the proxy in the 8K filing. I believe that is all we get in the mail and am not expecting anything further.
I support the notion of voting to express opinion. I fundamentally agree with the RS ‘IF’ it is truly for uplifting and not some other hidden/nefarious agenda, so it comes down to trust. I hear what RAYO is saying in a recent post of his regarding intent stated, but there is enough wiggle room based on the words wrapped in and around the language used to take other actions.
On another note, I also feel that odds are more in Kim’s favor of attracting a nameworthy BOD candidate worth a snot if KBLB is listed under a higher exchange. Perhaps the strategy is uplist, then get BOD members.
“or someone better brief the Marriott on what’s coming....”
Let’s infuse some logical thinking for a moment and all IMO.....Take a look at 2 key lines of the Proxy
1. “The Board of Directors Unanimously recommends that you vote “FOR” Proposals 1 - 6.
>>>> Kim is the “BOD”, and has 400M votes via 2 Preferred shares, and another 200M+ common shares. That is the Majority, so answer is clearly 600M+ “FOR” all Proposals
2. Proposal 6- Adjournment of the meeting.
>>>> Kim hears a bunch of griping and minions wanting to discuss their gripes or a list of other items. Kim shuts that down by voting for said adjournment......meeting over.
Sure, I started in Sept 2010, so a long timer, and sure, i have a ton of shares. I cant go to the meeting anyway due to my travels schedule. However, not going to waste my time on attending a vote in person when the outcome is already decided IMO. Whether I am a cheerful member of the audience or visibly scowling throughout it doesn’t make a flip of a difference.
Eluding to a Unicorn (in ‘VC’ terms) or perhaps your insights paint a ‘Decacorn’ picture based on insights?
Bummer, already traveling that week, so no chance on me participating first hand at SH meeting. I’ll still review and send in proxy, but realize it is only a formality with those 2 super-voting shares that Kim controls.
DOD - last I saw via your older profile pics, duck was just a cute little tyke. After all these years, she is probably unrecognizable. at least KBLB may be paving the way to any college of her choice (or it already has).
Yep - sure is, especially days like today
Thanks SickZ for sharing DD. I like the signage on top of the right-most bouquet of flowers.
Nice! Mine is sitting a couple cents below that. If your “gut” is right, I’ll get them.
Agree with that sentiment ES1, but not necessarily as far down as your “gut-feel” level. Knocked a couple hundred shares off the table recently and set a mid 20’s level to get them back.
Agreed, but to each their own
K-Patience - don’t recall a .012. Best I ever scooped up was 44k shares at .0198. If I recall, that was within the last 2 years, give or take a year
That was a quick assist there Elgringo - back up to .245. You da man
Didn’t realize that I predated Rayo......9/21/2010 is where it started for me with a small entry (it was .13 at that time)
He and I shared personal emails back when I shared pictures of The KBLB booth (and me holding the original MonsterSilk worm) from TechTexTil in Atlanta in ‘12. I’ve reached out to him to check in.
Where is “first mike”, another long term holder and staunch supporter of KBLB over the years. Hope he was still in to ride the worm bus with us.
Yankee.....coming from you....that is good enough for me.
“With the successful delivery of our proprietary spider silk technology to Prodigy”
Hmmm - out of quarantine?
“On 12 Mar 2019, KBLB gave Notre Dame stock (in lieu of money that they owed them), but did not disclose how many shares. It must have been a significant amount of shares, since it was reported that ND almost tripled the amount of shares that they had.”
If memory serves, ND held ~2M shares. Thus, triple share count adds ~4M. Don’t take this as absolute, but that is what I recall.
Yank - Appreciate your insights on this front!
Would have to agree King - leg configuration different, hour-glass vs 2 horizontal lines, up vs down, mouth parts vs no mouth parts. All said, is assumptions were that they were one in the same, can’t see varying ones key identity (logo)
Perhaps Lee is just an avid skier or perhaps Lee was in fact provided with other apparel from that company pro-bono for discussing other opportunities. Either way, looks like you garnered enough interest where the website is out of commish
Source?
I have detailed knowledge of a large group of those white male executives your are referring to in a multi-billion dollar company, and the merit was 3 to 3.5%. You can claim the “privilege card” but I’ll go with Data I can actually confirm.
Completely agree, especially on the bonus aspects. Targets and goals not met for bonus consideration.
Furthermore, 6% merit increase y/y is also a generous sum, especially when the median avg increase across exempt and non-exempt employees was 3.0% in 2017 (projected 3.0-3.2% in 2018) [source: WorldatWork Salary Budget Survey and Kiplinger’s]
Best I was able to get was .019’s in May ‘16, next best was some .023’s earlier that year in January.
“I mean when i win the mega-millions”
Geez, and I thought I was the only one with all the correct numbers. Now I find out you have them as well - what are the odds. Anyway, since you and I are going to have to split the winnings, you still going to pursue a KBLB buyout with your ~$300M? LOL.
Don’t disagree on the “royalties” topic and association to PiggyBac method, but then again, I haven’t read any agreement nor have access to information of that nature, so I wouldn’t know either way. What I was actually calling out was ND’s potential stock interests (if they still have them) based on my recollection that there was 2M in play at one point.
ES - royalties and ‘shares’ if memory serves. I believe ND had ~2M shares. Can’t know whether they still do or if sold long ago.