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Removed the pictures and their link.
Received unexpected backlash and quite honestly a lot of hate from people both publicly and privately on this board for those pictures.
I apologize to everyone that was upset with these pictures. Only had good intentions.
I have been and always will be long KBLB, haven’t sold a single share. I trust Kim and the company, and think this is a life changing investment for all who have the patience to stick through the rough times.
However I will no longer be sharing any more of the information I have on this company, do your own DD.
I can only speculate and try to recall, but it definitely sounded like there was activity inside the factory from time to time. Whether that was workers, machinery, or fans is beyond my knowledge.
Yes the building was AT LEAST 50,000 square feet. It was bigger than I imagined, took me a long time to walk the full perimeter.
Added a few more pictures to the document. Not sure they are very relevant, but one of them seems like it could be samples from the factory? Complete guess though, maybe someone has more knowledge.
I agree! He was pretty adamant in not letting me in, even though I recruited about 5-6 locals to try to convince him to let me in. I even bribed him with money, as begged him to let me in pretending I had to go to the bathroom lol.
Also a good point that we don't need that factory to be squeaky clean, at least not yet. Also a good point that since we bought that factory not built it, it obviously won't be up to our standards compared to the local farmers. Great perspective!
Unfortunately I took a scooter from about 2 hours away and I won't be around the area anymore :(
As for the sign at the front, it seemed pretty new and was legit.
Also at the gate, the was a padlock on it that prevented me from getting in, and it looked new.
That's for including this! My goal was not to show that the factory "looks bad" on the outside. Rather, I was pretty happy that there was a physical property there in the first place. Most OTC stocks don't even have physical locations, or people are lied to about them.
Wish I could have gotten inside for a look, but for the safety and security of our IP/Tech it's probably a good thing I wasn't allowed in! Honestly seemed like a decent sized building, with a lot of space in the parking lot, as well as being next to two other factories of about the same size. Also seemed to be in a pretty nice/agriculture part of Vietnam, wasn't as poor as I thought it would be.
That's what I thought at first too, but the more I sit back and think about it, KBLB obviously can't afford a huge new factory with their current budget. Hint Hint as to why Kim wants to uplist and receive more funding. It's ignorant for us to think they could even afford anything better than this at their current place in the OTC and financial situation.
So I visited the factory today... not sure it is what I expected so hopefully you guys can give me some more insight on it.
So a bit of a disclaimer. I got there at around 5:30pm, and the factory looked empty but that could just be because of how late it was. I tried to take as many pictures of things I thought were relevant, but honestly there was nothing really outside the factory to see. However, I was happily surprised to see the sign with KBL and Prodigy Textiles on it.
I could have EASILY gotten in to the factory. I walked around the premises for about 15 min, and the only thing holding me back was a fence without barbed wire, and a factory with no cameras... if it was in America I would have for sure jumped the fences.
I stopped a local to ask about the factory, but they didn’t know much English. However, as I was talking to them an older Vietnamese man was walking around outside the factory. I had the local talk to him, basically doing everything I could to try to convince him to let me in, but he didn’t (which I guess was a good thing). Turns out he said he was security, so that made me feel a bit better they at least had someone there... I also recorded the conversation between the two, but obviously I couldn’t understand it but if someone here knows Vietnamese I can send you it.
Here are some of the pictures I took, especially curious about what’s under the blue tarp and what all those bags were used for:
[url][/url][tag]https://docs.google.com/document/d/1wfQyPL4MW1mJD-MkSmahaogyjTwNFkqsjm96afSLJWs/edit?usp=sharing[/tag]
Just curious how many of you complaining about the RS actually read the ENTIRE 8K?
If you read the entire filing, you will see the company gave multiple reasons behind why the RS would be beneficial for the company, including the fact that they reserve the right to not go through with the RS at all if they believe it is in the shareholders best interest.
The 8K completely overshadowed the fact that we just received a $50M investment from Vietnam. That means we have a country invested in our stock, as well as a prestigious university (Notre Dame). These types of investors are usually more conservative with their money, and don’t play “Penny Stocks”. Why would Kim do a RS, just to dilute the stock for financing, if we just received $50M more...? I think he purposely released the 8K and PR at the same time because he knew everyone would think “dilution” when it came to the RS, so he tried to show in the PR that KBLB was already receiving a lot more financing.
Another point, how many companies can you think of, especially “penny stocks”, that are complete scams but file everything according to the SEC as well as hold shareholder meetings? Do you really think Kim would try to have all the shareholders in the same room as him if he and KBLB were a scam?
Our technology is getting better every single day, we are getting further in the supply chain process every single day, the corporate structure of our company is getting stronger every single day...
Everyone on this board is so short-term viewed that they are begging for a PR every week. Why? So that our share price can go from $0.40 to $0.60? How will that help us in the long run? Wouldn’t you rather have the company do everything in the best interest of growing and expanding our technology, so that MAYBE 5-10 years down the road our shares will be worth $5-$10 with a possible B/O?
I challenge everyone on this board to ditch your inside the box thinking. Really sit down and think about the long term potential of this company. Think about the strategy behind every single move Kim and the company are making. Realize how hard it actually is to start from research in a lab to creating your own factory, with large-scale production. Rome wasn’t built in a day, and neither were multi-billion dollar businesses. If you are in KBLB for a quick buck then so be it, but don’t bash Kim’s strategy for this company and still call yourself a “long-term” investor.
Only sheep chase short term price movements... if you truly want to make money of this stock you need to think outside of the box.
All these are my opinions, now it’s time for you to generate your own. It’s your money after all...
In De Lat right now but making my way North
I’m already in Vietnam though?
Hey everyone, currently I am traveling around Vietnam for the next two weeks and I was wondering if anyone had the address for the factory? I wanted to do some DD for everyone so someone give me an assignment lol
hahaha this post makes me laugh
jesse did you ask what day we can expect the PR to come out?
0 volume...
ATTENTION MODERATORS:
The category of CEGX should be changed from "Miscellaneous" to "Oil/Gas/Natural Energy Production", especially due to the increased interest in the Permian Basin right now...
This change alone could attract many new investors IMO
Is the oil interests TXHE acquired in the Permian Basin?
Do we have a time frame in which to expect this to occur? If it occurs that is....
We should make sure others know about this news so I feel that would be important
How come most read doesn't say we have had news???
Congrats all longs! $$$
Can you teach me more about the importance of volume?
Should the 30-30-40 rule be used on all stocks? Just penny stocks? Just certain penny stocks?
I think as Under Armour shareholders, we should start trying to introduce Kraig Biocraft Laboratories (KBLB) to UA... It's just what they need at this point in their growth cycle. Innovation of their clothing/shoes, and something that Nike and Adidas wouldn't have... If done right, it could bring UA to the top IMO...
I think as Under Armour shareholders, we should start trying to introduce Kraig Biocraft Laboratories (KBLB) to UA... It's just what they need at this point in their growth cycle. Innovation of their clothing/shoes, and something that Nike and Adidas wouldn't have... If done right, it could bring UA to the top IMO...
I think as Under Armour shareholders, we should start trying to introduce Kraig Biocraft Laboratories (KBLB) to UA... It's just what they need at this point in their growth cycle. Innovation of their clothing/shoes, and something that Nike and Adidas wouldn't have... If done right, it could bring UA to the top IMO...
Honestly couldn't tell ya.... was expecting to meet expectations or at least miss just a it this quarter... was dead wrong
I feel ya man
I'm very disappointed with Plank and this company... was expecting a lot more from them
One of the colleges I am applying to is Notre Dame. I found it very ironic that this was also where KBLB was doing their research! That would be quite the experience to be able to work on this project with them on campus...
I was just starting middle school when you guys started watching KBLB...
Thanks yankee, means a lot! I will try to bring some youth to this board in the future.
Is there a chance that the US Army does not award the $1 Million Contract after testing the shoot packs? Or is it pretty certain the material will be adequate?
Are there any catalysts I should be looking for? Or just get in right now for the long term?
Can someone explain to me why so many analysts are bullish on SCYX and their price targets are so high..... but yet nothing has happened with this stock in soooo long?
Is there any way to invest in this new knotted technology as well?
Even after its 25% increase?
Heard a news story about it in school aha! Was the first stock I ever looked at, and was hooked ever since. Hopefully you guys can mentor me a little bit and lead me in the right direction!
Believe it or not, one of my first stock picks was buying Nvidia at $51/share..... too bad my capital is only a percentage of your guys