Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I’m not sure Jon can even travel to Vietnam. If he can’t, how much does that set them back? Kinda hard to oversee the systems put in place by phone. The country has banned travel between all countries with coronavirus. U.S has about 50 cases so I don’t know if Vietnam’s ban currently includes the U.S or if the U.S has been made an exception. I’m sure there’s a full list somewhere I just didn’t look too hard.
“Pay traders...”
No need to pay traders, CEO Kim is doing the best job possible all on his own driving the price down lol.
I got news for you. Kblb doesn’t drive enough volume or interest for it to be worth anyone’s while to manipulate the stock price. Nope, sorry , but the price is a dime because most got fed up and dumped, rightfully so. Simple supply and demand economics. No one is demanding shares of kblb lol.
Then you have people like me who enjoy watching a car wreck and a bloody scene. I trade it , taking advantage of the unchecked emotion this stock seems to draw. I know when it’s overbought and oversold and I buy and sell it accordingly. I’m not stupid enough to hold it as it’s falling from 50 cents to a dime. One would have to be really really dumb to do something like that.
Uhm. You do see that claim is made by the government of Vietnam right ? Extremely likely government is under-reporting cases and as far as a cure, well that’s just propaganda.
“ Wow... Congratulations on understanding that. ”
Thank you. I have hope that you will understand it one day too :)
Also, with Kimspeak in mind ... “the technology is sound” could simply be referencing their ability to insert and splice genes. It doesn’t equate to scaling up and mass production being sound. In fact, they can’t possibly make that claim because they haven’t achieved it.
ah Yes. Kim’s buzzwords. How many times has the company told shareholders “soon” only for that to mean years or never. I wouldn’t put too much stock in “short delay” or “small hiccup” as those can and do mean anything Kim wants them to.
I think the “strength” is a last gasp in the hopes of news today. I think we go below a dime this week now.
I’m not sure the company has even restarted production yet. They’re awfully silent. That they are silent when they know their stock price is falling can’t be a good sign lol
It’s like thinking you’re getting a Ferrari for a $1000 until you realize it’s just a Yugo someone slapped the Ferrari logo on.
Yep, I was just going to post something similar. The coronavirus IS impacting kblb. The only real question is how much. As you pointed out , at a minimum , it affects Jon’s ability to travel between U.S and Vietnam. Kinda hard to oversee production from afar. How much can he rely on boots on the ground there ? Also, Vietnam has already quarantined a whole village of 10,000 residents. That’s probably just the start of bigger quarantines. Those that say the coronavirus will not affect kblb are not living in reality. It already has affected the company, just on travel restrictions alone. Will workers eventually be quarantined and unable to come to work ? Only time will tell but it’s becoming clear that coronavirus can’t be contained , only slowed to an extent.
We’ll be under a dime this week imo unless company puts something out soon. The silence is perceived as continued problems with production , whether true or not.
And haven’t made a penny off kblb in all those years as you haven’t sold a share. Sad and pathetic.
I believe you are correct. That’s why Kim pushed this rush timeline. He hoped he could time the uplist with the r/s but now that he kicked the ball wide left , he’ll have to go ahead with the R/S to maintain control. It’s coming. Then that will make the drop from .50 cents look like child’s play.
In the meantime , I’m sure he’s lost at least one board member if not all of them. I’d be embarrassed to sit on this board. What a joke.
“"Silence only makes the problem look serious."
it certainly does...I can only assume that, once again, kim would rather keep shareholders in the dark and allow them to speculate rather than tell them the truth...presumably because the truth would be worse to reveal... “
Yep , Kim has a loooong history of remaining silent for months and years when he doesn’t want to share bad news with shareholders. Best example is when some gullible/naive shareholders thought he was manufacturing silk and storing metric tons of it in silos for two years between 2013 and 2015. Some shareholders had ASSUMED metric tons were being produced because Kim’s last update at the time about metric tons was that he’d be producing metric tons in 2014. It wasn’t until the end of 2015 that Kim bothered to tell shareholders there was no manufacturing facility , let alone metric tons of silk stored in some secret location lol.
This is how Kim operates: misleading the more gullible of shareholders but legally covered under “forward-looking statements”.
You’re on a roll. Another fantastic post.
Fantastic post. Dead on.
I know it’s inconvenient but facts take time and research , which is what QFS demonstrated. Blurting out “kblb is golden”, on the other hand , takes no time and effort at all and is just a hollow opinion. Facts are on QFS ‘s side , and hyperbole is on yours.
Ben doesn’t have a clue. Ben has ALWAYS presented a very optimistic view. That’s his job: spin everything to a positive. You will learn nothing of value from Ben.
In 2015, COO Jon said dragonsilk was ready for scale and sale. Think about that. That was 5 years ago. This company continues to mislead investors. Buyer beware.
Of course I don’t really think the company is going bankrupt. Kim can easily dilute and fund this mess forever.
Don’t waste your time ; Ben is clueless. You’re better getting answers from a pet rock.
Bankruptcy is imminent.
They DID hit the ground running...Manufacturing and selling buzzwords.
Excellent post, well said.
I just mean I picked some up at .11 in case I’m wrong about next week being in the single digits and this turns out to be the bottom. I average out my purchases and then I sell by the individual lots. Making 5 percent here , 10 percent there per transaction adds up nicely over time. The key is to not get greedy. If I see a quick profit , I take it. I don’t hold out for the BIG one. Well, I do, but that’s a separate account. I play it short term in one account and I play it long in another. Just because it makes it easier to keep track of it all.
As I say , they’re consistent. Consistently wrong and consistently misleading. That’s why every time the stock pops on hopes, fantasies, and dreams , I take the profit. Time and again it falls back to earth when reality sinks in. I expect to be picking shares up in the single digits next week but to hedge, I picked some up today as well. It’s too bad. Stock should be at a dollar today if only they had executed. The only thing they execute though is themselves as in a bullet in the head.
They’ve gone two years without putting out an update last time they screwed up this bad. Don’t hold your breath.
Never fear. The angel investor says your money is good here lol. YMIGH.
Good point.
Yeah but they would never release a PR saying they were morons lol
Yeah I think that was it. Thanks.
“...kblb is the real deal for the future”. Lol that’s the problem. It’s always in the future , not the present lmao.
“ as I said ten years ago, you can force foreign genes, dna or whatever into any creature you choose, but nature will resist...didn't randy lewis say that the gm in the worms tend to fade or deteriorate or somehow become less effective with each successive generation?... ”
Yes, I remember that too and I’ve been thinking that’s the real issue here. There’s a term for it they use but I don’t remember. I suspect the company thought they had that problem “solved” but now know they don’t ? They’re not being forthcoming. It’s more than the weather or the food imo.
Company clearly has nothing good to say so they are not saying anything. Single digits by tomorrow or Friday.
“if someone was trying very hard to keep the company from succeeding, they couldn't do a better job than kim has done... “
Lmao. True that.
Kim can’t even see the shareholder’s boat from the top of his cruise liner. He dropped his anchor on the skiff lol
Not really. The author just cut and paste from kblb website.
Excellent post ES1. Should be pinned.
“
Any "hint" is obviously motivated by the desire for a reaction of some sort.
Ego, price change,rumor birth or whatever.
So best thing to do is just realize "I know a secret" is BS.”
Kinda reminds me like how the president says “you’ll see.” which is what he says when he doesn’t want to let on that he’s clueless. Same with “ YMIGH”.
And there you have it. Proof positive Kim is delusional.
Safety first.
Government of Vietnam could mandate workers stay at home ; a sort of self quarantine if you will. The company itself could decide to send workers home due to health risk.
We just don’t know if and how it’ll eventually affect Vietnam and ergo kblb. This thing is bigger than some stupid worm farm.