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Everyone is likely waiting for the PR explaining why the extra money is needed. Optimists have their finger over the "Buy" button and pessimists are over the "Sell" button.
I am fairly optimistic about it, but I am happy with where I am at and don’t plan on selling any until I hit my target price unless news of the test weaves come back as a failure.
I am hoping there will be a positive PR in the next day or so to counteract the potential hit to the pps due to this announcement of imminent dilution. Maybe an explanation on why the money is needed and what it will be used on. I am assuming it is for the Vietnam worm farm, but you never know.
Per the Wikipedia article you linked to: "In the early 2000s, researchers developed zinc finger nucleases, synthetic proteins whose DNA-binding domains enable them to cut DNA at specific spots. Later, synthetic nucleases called TALENs provided an easier way to target specific DNA and were predicted to surpass zinc fingers. They both depend on making custom proteins for each DNA target, a more cumbersome procedure than guide RNAs. CRISPRs are more efficient and can target more genes than these earlier techniques."
This does not mean that BR would be defective, it just shows that CRISPR is a more advanced gene sequencing technique. It would be advantageous for Kim to look into this technology as it become available to further improve on the genetic variance of the silkworms, but it does not mean that the use of Zinc Fingers is defective.
I don't doubt that eventually they will come up with a way to economically utilize spider silk proteins and spin them into whatever they want. The only thing about it that holds me to KBLB is that many organizations have already poured a lot of money into it and have yet to come up with anything economical. Until they do, transgenic silkworms will be a great interim production method.
Even if they do come up with anything that works in the next few years, it will still take quite a while to test and work out the bugs, and by then (hopefully) Kim should be pumping out MS and possibly BR at a rate that would be cheaper than the E-coli/goat milk spun proteins at that time.
If Kim is smart, after building a profitable enough company, he could use some of the profit to go into R&D of alternate spider silk production methods and either beat other companies to the punch, merge with them, or buy them out.
This is all future speculation so I doubt we will have to worry about it for a while yet.
I don't have a lot of capital to throw around, but I have been looking at and researching this company for about a month now and I have a really good feeling about it. It looks like a great opportunity to make quite a bit of money with very little starting money. I have been working a lot of overtime over the last month and putting it all in this stock (my first investment) and I plan on holding on to it for at least a couple years.
I have been lurking on this board since the time that I have started buying and I really appreciate everyone here giving their opinions and information about KBLB, both users that have spoken well and users that have spoken ill of it.
My opportunity for overtime will end pretty soon, but I am thinking about making one more buy when my next paycheck comes and holding it until it makes enough to pay pack everything that I have put into it thus far.
Sure, the company may (or may not) have a problem with shorting and the CEO tends to issue vague and leading PR (he was a lawyer, after all), but based on the product and lack of true competition, this looks about as close to a sure thing as you can get with a penny stock.
Of course, I could be wrong and may have worked all that extra time for nothing, but I can't reap any rewards if I never take any risks.