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Why the tank job today?
Moving up in premarket this morning! Is this contract news finally? Time will tell but up 10% already.
What a POS this company is! If CEO had any honour, he would have stepped down already! This garbage is going to Zero shortly!
You sir are correct and have a clue, I like most people on these boards
My God it has been Five Years not Three like I thought. 2011 they started this Ballast Water garbage and not one sale in half a decade. CEO needs to be outed right now for this major screw up. Step down now and let someone with a clue run this company.
http://ih.advfn.com/p.php?pid=nmona&article=49153971&symbol=NASDAQ%3ACLWT
When will CEO address lack of sales and Ballast Water miss step. Never that is when!
Mr. T.C. Leung please step down immediately!
Garbage not going anywhere after three years of development and not one sale! CEO should step down for this massive miss step.
Timber! Ending the year off with a whimper! This Chiscam is going no where since the wasted 3 years developing a product they can not even sell. Merry Christmas All!
Business seems to be improving, but until these guys sign a Ballast water deal this POS is going no where! It's been almost two years guys, WTF! Where are those deals that you promised.
Business seems to be improving, but until these guys sign a Ballast water deal this POS is going no where! It's been almost two years guys, WTF! Where are those deals that you promised.
Business seems to be improving, but until these guys sign a Ballast water deal this POS is going no where! It's been almost two years guys, WTF! Where are those deals that you promised.
No idea but looks like we could be pushing higher here again! Might be starting 2017 above $4, with 6 month report coming out shortly. GL2U. maestro
Hey Truth, been a while. Still sitting on the sidelines waiting for my re-entry at 2.5 cents! Do you think we will get some tax loss selling this month? TIA maestro
I wasted 8 years here, do not make the same mistake man.
Ok then, no idea why, but volume here is picking up a bit which is good
Not sure what you are talking about, but all sell orders getting filled again today. If .0394 breaks down look out heading for new lows again
Premarket bud!
Ask at 4 cents! Load up all you want now, no excuses left!
Another day with sellers out numbering buyers 10 to 1. This has been the trend the last few weeks. Lower PPS not bringing in buyers yet! 0.025 coming by year end. No reason to buy anytime soon IMHO.
Cool lets agree to disagree, and hope we both make a bundle here taking different approaches! GL2U
If you haven't sold every spike here, then I hate to inform you that the stock price has been in constant decline for the past 6 years from 12 cents. Go look if you do not think that is true. Mean will the rest of the market up 60% in that time. That means you are down 85% vs just buying a index fund. The fact that you keep saying this is good, forces me to ignore you opinion, even though you seem like a nice guy, I can not afford this kind of investing advice.
How about now? Just took a massive dump under 4 again!
No news this thing drifts lower. Real support is around $20,000,000 MCap. What the PPS is depends on how far they go on diluting! They need $10,000 in cash for next 12 months unless they are. It planning on shipping for than a few spools for a trial! 2 cents is where it is going now. 0.0001 in three years if they do not make this work. Then BK and a lot of crying and complaining just like 95% of these OTC junk stocks
Never go into these things without a clear exit strategy. Based on the bad news coming, I will only start nibbling away here under 3.5 cents! Need to get my acb under 2.5 cents or I will not be a player! Live and learn
big Blocks this morning! One was mine! $6 IMHO very soon
First of I had P&L responsibility for $100,000,000 international company when I was 29 years old! Please do not insult my knowledge about business and financials because I am quite certain that I have more of a clue than most here. Yes current burn rate is total operations, which for a company with zero sales mean these people are all part of a cost center which will only increase with production. When the production or profit center comes on-line, they will need to cover this $2,000,000 plus number, along with all the associated costs of production. No one knows what these numbers will be. No one! I know some naive people here take some sound bites from management, and try extrapolating what that means. That is a dangerous way to invest, and I guarantee that KBLB has cover themselves with disclaimers. Based on my personal experience, I would bet that they would need around 25-30 million in sales just to break even here. If you think they are going to do this easily, without competition, at any margin they choose, good luck ever to you. I am going to stop posting for a while. When I buy back in much lower by year end, I will let you know. When this is not at 50 cents in a year I will also remind you that nothing happened as promised, just like every other OTC stock and company.
You think the burn rate isn't going up with production? The admin cost is $2,000,000 alone! Is this the first company in history that can produce product, sell it, ship it, package it for free? Come on guys this is not my first rodeo. These thing fail all the time! Nothing is a slam dunk, if it was it would be at 25 cents not 4 cents on the way to 2 cents again.
You are not factoring the burn rate which is only going up as we go! It is not just capital expenses and leases, they are burning plenty of cash right now. Also why are you using 10 cent as the conversion price? I bet it will be closer to 2-3 cents, but time will tell. If they dump the stock on the market the PPS will decline. If they do a large PP it will not be at market, that is for damn sure! 10,000,000 is nothing for a company. Have been told could be larger than Apple soon!
Ok let's agree to disagree it is fine. I think they need at least $10,000,000 to start any significant production that would translate to the bottom line! If you agree, they you also agree with 50% more stock this year at current price? Got to go back to work talk later! Honestly hope you make it big with this one buddy.
Wait a second! Are you honestly telling me that this company is going into production now, to be a leader in the field, without spending a dime? Who's dime are they gonna spend? Not theirs because they have non, and make absolutely no money yet! Trust me if they go for it, you are flipping the bill. That is why equity markets exist, so people do not have to risk their own capital! Wow this is basic stuff, I do not mean to sound preach, or rude but let's keep this real here can we?
massive dumping now! yesterday's paint job was to sucker in buyers this morning! bad news coming IMHO, probably stock diluting to pay bills. I will reasses my position and future buying based on new share count which could easily increase by 50 to 100% next year.
No bounce back, looks like drifting lower again today! Where is that Hail Mary new release everyone predicted?
Creeping lower as expected!
I remember someone telling me the exact same thing about Spongetech, when it was $50,000,000. My arguement was it is a sponge with soap in it! The alternative was way cheaper, and there where no guarantees in life. I am not saying this is the next Spongetech, all I am saying is that even if your statement about no competition is true, and I am not in agreement, there is always the option of staying with the status quo. New technology is rarely less expensive, and if it can not show significant benefits, almost always financially based, they fall flat on their faces! Time will tell, all the best with your decisions
Hey bud, ever heard the saying "never say never"
Yes it does! I am a very patient investor, and I always have an entrance and exit strategy and never deviate! At this point I am looking to buy back in before end of year under 4 cents, and I said that when I was selling at 7-8 cents! Nothing has changed, and I am patiently waiting for a triple elsewhere before using those funds to buy more!
Nothing is guaranteed. Most microcaps never make it. This is why I never leave money in harms way. I play with house money when I go long, which is why a 50% pullback is tolerable for me. Do not get me wrong, I would rather this be at 50 cents instead of 5 cents, but these things take time, and never go in a straight line.
Free in that I always take my initial investment out when I swing trade, and the balance held is in stock I haven't actually paid for, but earned. I also sell stock if I take a lose on an initial position of 7%. This is why I am so positive on this stock as that last run from 2 cents to 10 cents has been very good for me. My initial $7,000 investment is currently working elsewhere, and my position is still very good here even at 4 cents. Life is good for this trader, hoping my money makes at least a triple so I can get upto 1 million shares before the next breakout.