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I have emailed the fund regarding my broker not receiving my settlement cheque.
I also queried the fact that an active claim submitted on my behalf has a 2024 settlement date.
Hopefully I will receive a reply.
Thanks for the reply. Much appreciated.
My claim is being handled by my broker. So I contacted them.
All they had to say that the claim is active (I assume this means it hasn't been rejected).
They also said that the expected settlement date is
3/28/2024.
Very strange indeed as investors are currently receiving their settlement cheques.
They were unable to provide any further information.
We know absolutely nothing about what is happening with Kblb. Only Kim's 'news' releases.
There is no evidence that anything he has communicated to shareholders is true.
We have been lied to time after time.
Shame on me for for being
so naive to believe these untruths.
Strange that I have not heard from the fund at all.
Nothing , not even a letter of explaining reasons for non payment.
Surely there should be some correspondence regarding my claim.
Anyone have the same problem?
Do know if anyone has filed a complaint??
It's about time to do so.
Enough of Kim's never-ending deception.
Sure competition is good.
The object should be to lead and not follow.
"Kim has been boasting about KBLB for years but to date has not produced anything significant."
but they have a long way to go to establish a consistent marketable product---…MAYBE THEY COULD FOLLOW KBLB'S LEAD
"AND KBLB HAS A COMMERCIALLY VIABLE PRODUCT????? ARE YOU SERIOUS
Sure competition is good.
The object should be to lead and not follow.
"but they have a long way to go to establish a consistent marketable product…"
THEY CAN FOLLOW KBLB'S LEAD. WHAT A JOKE!!!!!
Kim has been boasting about KBLB for years but to date has not produced anything significant.
Equally sad is that there are many more players in this game and all have front row seats.
We're being relegated to the also rans 🏃♂️. 🏃♀️
What to do.?? Digest more of Kim's pipe dream?
Kim better get his act together SOON or we'll be consigned to trash heap.
https://phys.org/news/2023-09-spider-silk-spun-silkworms-green.html
While Kim was spending all his time dreaming of spider silk the Chinese produced it.
Read and come to your own conclusion.
Kim better wake up and stop all his
BULL SH*T.
Now that we know what the distribution amounts are , I wonder how long it will be until the payment is made.
Has anyone received payment from the fund?
It would most satisfying to see Kim held responsible for the numerous misleading statements made.
His non compliance to call shareholders meetings and the numerous other misdemeanours regarding shareholders need to be brought to the attention of the Sec.
I am not able to initiate the necessary steps.
Hopefully someone will take the initiative to 'prosecute ' Kim.
I am curious to know what the total amount available for distribution is.
Does anyone know?
Thank you for explaining the rather complicated distribution process.
Now we wait patiently for the payout.
Thanks for the update. Much appreciated
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The pro rata share is very good @ approx 50%. So it is not "insignificant."
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It could be insignificant , it all depends on the net amount to be distributed.
The % is less significant than the cash amount to be allocated..
The question is 50 % of what??
I have no idea what funds are available for distribution nor do I know the formula used for distributing the cash.
Suspended!! Maybe.??
A BO NO WAY (Sure smells like one)
As stated in previous posts the payment timeline is approx. a year (could be more) from June 2022.
The distribution date is dependent on the SEC
In any event this is of no great significance as the expected payout ,whenever it occurs, will be an insignificant amount.
the rep i spoke with said the pro rata share is approx 50%
-----------------------------
Can you please elaborate - 50% of what?
I do not understand the distribution process at all.
If possible can you please explain
Thanks
Zero hints of anything wrong?
------------------------------
Seriously you need hints to known that there is something wrong.
Here is a hint for you.
THE SHOW IS OVER THE FAT LADY FINISHERD HER SONG
TIME TO HEAD FOR THE EXITS.
BE CAREFULL YOU DONT GET TRAMPLED IN THE STAMPEDE
The science world has developed and is researching multiple uses for spider silk for example "Spider silk can create lenses useful for biological imaging"
But Kim would prefer to constantly try to improve the silk fiber he has with the fashion world as the "holy grail".
In the meantime he has not shown the he can produce any silk at all.
We have seen the video of mulberry trees but no cocoons or silk
It is time for Kim to wake up and exploit the vast uses / market there is for spider silk.
Phys.org: Researchers create biosensor by turning spider silk into optical fiber.
https://phys.org/news/2022-08-biosensor-spider-silk-optical-fiber.html
All this latest news proves is that they have not managed to produce any significant quantities of silk.
So what to do.... throw up a smoke screen ,claiming to have bigger ,better cocoons more silk per cocoon. Without any proof of course that this in fact is true.
We have to rely on the "integrity" of management
Nor have they managed to sell any commercial quantities of silk.
If they have been producing the quantities they claim where is the proof.
They have in fact made the previous version of spider silk obsolete .
Now back to square one,
Try again - maybe another variation ,
Maybe this time it will succeed ,or maybe it wont.
By constantly seeking different variations of silk (bigger,better ,longer,thicker,etc) ,there is of course the risk that KBLB will over engineer the "SPIDER SILK" and the whole system will implode.
Whatever the settlement is it it will be pennies at best.
Total available for distribution is approx $4.3m.
Is there anywhere else that the video can be viewed??
I am not a Facebook fan and don't have an account
Any help /info in this regard will be appreciated.
It is rather mystifying why KBLB would not place this video on their site to be viewed by shareholders.
I certainly hope that your "prediction" is right.
I would much rather you were right and I was wrong
It sure seems a loooong way back from where we are now.
It is finally time to recognize the facts and realize that the show is over. THE FAT LADY HAS SUNG.
The end is near, KBLB is in dire trouble and is close to closing down.
It is merely a matter of time before the dimly flickering lights finally go out.
No production no sales in fact NOTHING AT ALL.
You got to hand it to Kim he is brilliant, he has managed to dupe
!. The Vietnamese government.
2. Kings group
3. Polartec
4.Shareholders
and many more that had the misfortune to be "sucked" in by him.
Quote: quite unimpressed with the ST videos + "explanations"; some were completely irrelevant to what they were trying to convey,
--------------------------------
Unlike the videos and explanations received from KBLB
They could learn a thing or two from KIM - clear and honest and factual press releases.
I think what you miss is the fact that this is a statement from Kim who has has always misled and misrepresented facts to shareholders.
If there is the production he claims then the goods should we stored in a warehouse somewhere.
So proof of production would be as simple A PHOTO of the fibers produced.
We see a picture of cocoons as a header to the news letter so why no photo of fibers produced. Can you be sure that this is a photo of a KBLB produced cocoons, it could have been copied from any number of sources
I am reluctant to accept a KIM statement as being truthfull
And then there is this ---
The eggs successfully arrived in Ho Chi Minh City only to find delays caused by reduced staffing at Vietnamese customs. Final delivery to the Prodigy factory was delayed considerably by multiple COVID-19 checkpoints. This added delay starved the eggs of oxygen, killing a large portion of those eggs. If movement restrictions in Vietnam continue to increase, it may no longer be feasible to reliably import silkworm eggs in the near term.
Yet knowing all of the above way back in June they continued to issue press releases hinting that all was on track.
Now compare Kim's press release to that of Ben and it is blatantly clear that they are both grossly misleading and understating the huge problems facing KBLB and Prodigy.
. A shipment of 100,000 DragonsilkTM eggs was sent from the Company’s US facility, in June, to test the efficiency of this contingency plan and boost production at Prodigy.
100000 eggs shipped, to boost production. THEY HAVE TO BE KIDDING!!!
I thought there was a later shipment - September???
If so what happened to these eggs?
No there is not. Nor is there one who claimed he could time and again only to fail miserably.
don’t understand how some wish to see there investment be crushed.. seems counter to logic.
---------------------------
Nobody wants to see their investment crushed. An investment is made with the intention of making a profit.
Occasionally a bad investment is made like KBLB and the result is a loss.
You win some and lose some.
Investing with Kim was not good to say the least.
Whishing and hoping is not the formula for success you need a competent CEO who can deliver what he promises.
No need to wait until Friday. It is happening now sub 0.10 on big volume. Those in the know are getting out fast.
Looks like the end is near.
No production
No contracts (Kings is only a potential contract dependent on delivery of silk)
Polartec pulled out a long time ago
Thomson can not mislead shareholder any more they have at long last realized that spider silk produced in commercial quantities is not possible
I wonder how much longer it will be before the Vietnamese government and workers unions realize that they have been duped by the magical Thompson.
He has misled investors - not difficult do as we are greedy and gullible and only want to see "profits"
But to mislead the Vietnamese that takes some serious deception .I wonder just how much help he had from Mr. Lee.
And do not forget Notre Dame university.
It appears as if the only one to see though all the lies and deception was Dr. Kane
Don't be surprised if Thompson looses the company to a consortium led by the mercurial Mr. Lee
note the following
Novo Growth, the growth equity arm of Copenhagen, Denmark-headquartered Novo Holdings, has led a €29 million series C investment in AMSilk, the developer of synthetic silk biopolymers.
The environmentally friendly, sustainable silk biopolymers can be fully recycled and are 100% biodegradable.
Attached an article appearing in "Innovation In Textiles" 10/06/21
Note who AMSILK'S customers are also note the quality of the press release
Note in particular the following :
The company is ALREADY producing Biosteel fibres for textiles and industrial applications worldwide and has announced collaborations and partnerships with brands such as Adidas and Airbus.
A stark contrast to the drivel we receive.
AMSilk attracts €29 million financing
Company is already producing Biosteel fibres for textiles and industrial applications.
Adidas unveiled Futurecraft Biofabric – the world’s first performance shoe made from Biosteel fibre – in 2016. © adidas
Adidas unveiled Futurecraft Biofabric – the world’s first performance shoe made from Biosteel fibre – in 2016.
© adidas
7th June 2021
Innovation in Textiles
Planegg, Germany
Sports/?Outdoor, Transport/?Aerospace
Novo Growth, the growth equity arm of Copenhagen, Denmark-headquartered Novo Holdings, has led a €29 million series C investment in AMSilk, the developer of synthetic silk biopolymers.
The high-performance biopolymers of AMSilk, based in Planegg, near Munich, Germany, have the unique functional properties of the natural product they are based on.
The company’s products are made from plant-based raw materials via bacterial fermentation, and are extremely versatile, with advanced mechanical and biochemical properties. The environmentally friendly, sustainable silk biopolymers can be fully recycled and are 100% biodegradable.
The company is already producing Biosteel fibres for textiles and industrial applications worldwide and has announced collaborations and partnerships with brands such as Adidas and Airbus.
The organic high-performance materials can be used in multiple ways and are suitable for medical devices as well as for personal care products.
“AMSilk’s technology has the potential to revolutionise a number of industries and be part of the decarbonisation push needed to overcome the biggest environmental challenges of our time,” said Novo Growth partner Kartik Dharmadhikari. “The company has made immense progress in enhancing its high-performance bio-based materials and we are delighted to lead this financing which will enable the team to expand the business globally.”
“Together with our customers we work to create high-performance bio-based materials with the potential to revolutionise product offerings and drive change across various industries,” added Ulrich Scherbel, AMSilk CEO. “It is exciting to have the support from high-technology investors, led by Novo Holdings, to make our silk polymers available in industrial quantities to an even broader range of customers and industries.”
www.amsilk.com
The problem isn’t lack of equipment, the problem is corona. Read the press release again
-----------------------------
The problem is not corona or lack of equipment.
THE PROBLEM IS KIM
Production started 9 months ago during corona, plenty of time to adjust to the problem.
Also with a little forward planning the equipment could and should have
been ordered and installed.
NOT EVERYTHING CAN BE ATTRIBUTED TO CORONA.
All the problems we have rest squarely on KIM.
BTW I did read the press release and this is what it stated.
"In 2020, production in Vietnam was shut down due to mandatory governmental safety measures related to COVID-19. Since restarting, the Company’s production facility has been in continuous operation with output limited by continued COVID-related restrictions on shipping and travel. The new equipment will support continued production, circumventing bottlenecks resulting from COVID-related restrictions.'
I respectfully suggest that you read the press release again and you will see reference made to continuous production and that production was halted in 2020. Restrictions apply to travel and shipping.
KBLB has been in production since for nine months now.
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And has only recently realized that he needs to to speed up production
"Kraig Labs is in the process of receiving and installing equipment, which was purchased to speed up and expand silk production at the Company’s Prodigy Textiles facility"
Note that Prodigy is "IN THE PROCESS OF RECEIVEING AND INSTALLING EQUIPMENT"
Not great, They should have had the equipment installed ages ago.
They should have known what the potential production levels were and planned accordingly for automated equipment.
Once again Kim is putting out fires instead of preventing them.
Wow what an aggressive reply from Ben.
INVESTORS RELATIONS IT IS NOT
No need for the sarcasm and aggression. You obviously you touched a nerve
Even then he is supposed to be professional.
Maybe Ben is covering for a more serious problem.
Here is another gem from Ben to you
In my opinion, investorshub is nothing more than a mafia style shakedown scam outfit. I don’t have time to slum around that outhouse.