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Oh without a doubt, CEO Kim Thompson has been , from the very beginning , extremely deceptive and misleading when it comes to communication with the shareholders. He IS smart : when it comes to double speak as a lawyer. However, as a CEO he’s proven himself inept his entire tenure. Any credit that’s due is due to John and Ken Lee. Kim deserves credit for founding the company on an idea he took from scientists and their research. He has since done nothing but mishandle it. Kim also gets credit for hiring John. The company is in good hands with John running operations. John is the reason for the turn around.
If Kim would step down and make John CEO the stock price would probably double.overnight. Kim in charge is the reason big money has stayed away. No one trusts or believes anything Kim says. He lost all credibility with the market long ago.
Lol really ? I’ve bought and sold a million shares more times than I care to recall for absolutely no reason other than to make a quick buck.
From the article :
Back in April, KBLB had a good press release, big volume, and a big percent gain. I was buying the first green day — which is a pattern I like. I thought it would spike again on day two. It didn’t. The big breakout was on day eight.
Sometimes the first green day doesn’t work exactly. But again, I was on the right track. The stock quintupled and then crashed. When it crashed, I tried my dip-buying strategy. But it didn’t bounce perfectly.
Then when KBLB got all the way back up near its highs, I went for the breakout. It failed, but I recognized it wasn’t breaking out and got out for a small profit. A lot of people didn’t. They believed in the company. And they lost.
“Hold and hope, more like hold and lose”
I couldn’t agree more with Timothy Sykes. He mentions kblb specifically in this article but the whole article applies:
https://www.wallstreetdaily.com/2019/10/31/hold-and-hope-more-like-hold-and-lose/
p.s The CEO is even a bigger idiot than I gave him credit for that idiotic letter. It’s like he’s intentionally trying to drive the stock price down. Still, I make money regardless of his stupidity.
Kblb has been a bad investment only for those who have been afraid to sell any shares for a profit. Otherwise , kblb has been a great investment as long as you’re not greedy and know when to take your money off the table. This past year has been wonderful for most of us. Long term, I think the “buy and hold” crowd will still be pleased. 2020 looks like it will be a banner year. Short term , most are probably sorry they didn’t take the money and run at 50 cents. I expect kblb to end the year between .12 and 15 cents or .20 at best. That CEO letter all but killed the stock for rest of the year imo. It’s possible he has one last surprise before the year is out but I doubt it. That letter seemed to squash the idea. Still , I hedge accordingly.
For that matter , he said as much in 2013 too lol
100 percent agree.
Oh give it time. This will continue to drop until the end of the year. Kim just told you 2019 is essentially over. Kim just told everyone today to bend over and grab their socks. You have to read between the lines. However , here’s to a brighter future in 2020.
“ Everyone must exorcize their minds to get any KBLB RS out, since it will never ever happen”.
Boy are you in for yet another rude awakening. The R/S will happen.
Correct. It’s CEO Kim using wordplay as always but as you pointed out shareholders only directly gave approval of reverse split. Kim knows he can’t uplist without the r/s so this is just him putting a positive spin on it by making an indirect link between the two by saying shareholders approved uplist. Also let’s be real. “Shareholders” is him. Every single shareholder could have voted no. It didn’t matter as he’s majority shareholder.
“It is fun to watch the attempts to get the share price moving in one direction or the other, depending on which way the wind is blowing. Traders need movement to trade, after all. Stagnant share price just doesn't bring the juice they need.”
Sshhhh....you’re giving away my secrets ;)
No one is saying it’s a con. It’s mid-managed. CEO is a buffoon. But it’s no con.
Actually , it’s Kim who’s bee talking the stock down but thanks for thinking I have that kind of power. I merely recognize that in the short term , Kim is killing the pps. Rather than “Holden the golden” , I prefer cold hard cash.
Who said it’s a scam ? Not me. It’s a real company with real growth potential. It’s just that the CEO continuously makes idiotic moves that sticks it to his shareholders. Today’s letter is just the latest example. I’m going to profit off it today. I’m going to lock in my profits and buy back in at a later date. That’s not shorting. That’s making money.
Lol what shorts ? I don’t think you know what a short is. I trade the stock , I don’t short it. You don’t seem to understand the difference.
Right ? CEO WANTS to drop the share price like a rock. I’m locking in my profits today and I’ll buy back in next year. I predict this stock to close out the year around 12 to 15 cents.
I’m thankful for this letter as it tells me it’s time to sell and lock in my profits this morning. There will be plenty of opportunities to buy back in next year but for the rest of this year it’s heading nowhere but down.
lol. You forgot “go kblb” and “ I know what I own “
Could just be used to help finance operations. He’s under no obligation to uplist. a r/s will help him attract better investment.
So when CEO Kim declared in 2013 commercialization by 2014 , he planned that ? Lmao
Yeah but CEO Kim had a very good reason: he’s an idiot.
Maybe the most promising industry for spider silk of all , besides medical, would be the plastics industry. It’s already been proven that plastic cups, straws, plates etc can be replicated using spider silk. The positive environmental impact would be huge. Down the road , if kblb can achieve massive scale, then the cost comes down and every day items such as these may one day become cost feasible.
Ever heard of a boat with a fiberglass hull? That aside, I think it’d be better to think smaller and lighter frames that currently use carbon fiber such as bicycle frames. That market alone could be huge for kblb. There’s certainly a lot of potential uses for a spider silk fiber but that’s much longer term. Shorter term we will no doubt be in clothing /sport apparel first.
Not fluff, a welcome update imo. Kblb has already made many of us rich this year. This update is further indication we’ll be filthy rich this time next year. My only “disappointment” may be that we may not get news of a contract with a “household name” by the end of this year. Looking more likely we’ll have to wait till 2020 for that. Which is fine by me. I got nothing but time.
It’s all about perspective and having a strategy. Kblb is finally at the threshold of becoming a growth company. This is a pretty good time to have skin in kblb as the price is right and we know in the coming months and years the story will get better as they add customers and products. For any company at this stage , there will be growing pains. Short term the stock could close the year out below 20 cents, depending on Kim’s moves. My strategy has been and will be to continue flipping the stock and take profits, while accumulating more shares in the process. However , I think now is also a good time to buy and hold for those who prefer that, as long as they are willing to hold for a year.
I’ve been wondering about Kim’s window of thanksgiving or spring for uplist and wonder if it may have something to do with the military. Their fiscal year begins in Oct and they typically hand out awards twice a year to small businesses. It’s possible Kim is anticipating a military announcement and planning his uplist at that time. Pure speculation on my part.
“AND YOU ARE ABOUT TO SEE MORE PROFITS WITH KBLB! “
It’s a shame you have seen none, by your own admission. It’d blow your mind how much in profit I’ve banked just trading kblb alone. Put it this way, I could retire right now thanks to flipping kblb but I enjoy my day job and my medical benefits too much.
Agreed.
Might see a short term pop if Kim starts making the rounds promoting his silk like he said he would. Weren’t we supposed to get a documentary?
Kim has done a horrible horrible job getting the word out about his company to the investing communities and the retail investor , to date. He needs to step it up.
We don’t necessary need a product announcement to get the stock moving. We do need a catalyst of some sort though to get this moving again. Look at all the buzz and articles written about bolt threads and spiber over the years. In comparison, almost nil about kblb.
Oh and they really need to change the company name. Kraig Biocraft Laboratories doesn’t inspire a thing. It sounds like the place you go to pee in a cup.
Works for me. I prefer to flip this as a penny stock as the percentage swings are typically much larger.
Could be sooner but It seems to me that they are saying in this PR that they are only now going to be sending silk samples to potential customers who have been clamoring for it for years. They reference “backlog”
Which to me means they’ve not been sending samples out from the U.S like I had thought. Just my interpretation. I could be wrong. Bottom line for me is this seems like the beginning of the company finally behaving like a legit company that’s starting to update shareholders with real guidance instead of the years of deception we’ve seen from Kim. I expect good things going forward now that there will be a board with input and not just Kim making the idiotic decisions and statements on his own.
Probably because there is a board now which will make it slightly harder for Kim to deceive and mislead his shareholders.
“ I suppose that depends on how you define "long way off."
Good point. So I’ll clarify: I’ll be thrilled if we have a product available for purchase around this time next year. I was saying “long way off” from the perspective of those who were convinced we would have product this year. Next year is not a long way off to me and I think it’s achievable based on today’s PR.
Like I said , it’s a good PR and I’m glad to see Kim is finally giving us realistic guidance and not his usual bs.
I agree it’s a good PR But it is also clear a final end product is still a long way off. I had thought that they have been at least sending samplings of silk out to interested companies but it sounds like they will only now be starting that process.
“ The picture is so much greater than you see or think!
There are MANY strands and MANY MANY LAYERS to kraig Labs production initiative”
Based on facts ? Show us. Otherwise I assume it’s based on a vivid imagination.
“ anticipates scaling up production volumes of this new silkworm strain“
Strain, not silk. eggs. They just told you in the last PR where they are at in regards to silk production. There’s no mystery warehouse full of silk. There’s no finished product ready to be shipped off.
nope. I’ve been a happy kblb shareholder. Because I take my profits. You have to know when to take your profits.
There IS a r/s thats been approved or authorized by a “shareholder vote” , namely KIM. It just has not yet been implemented and may never be implemented. Jon and Ben have both stated to me and others that it is “very likely” to be implemented at some point. What I said is I hope Kim doesn’t screw it up , meaning the assumed implementation. I don’t know how else to get you to understand.
That’s how I read it too.
Reverse split has been authorized and approved, just not implemented. It’s possible for it never to be implemented but if you talk to Jon or Ben, they will tell you it’s very likely to occur. The bigger questions are when and at what ratio.
I’m assuming the r/s as inevitable. I don’t see how they uplist without it by spring.