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“ its money for nothing”
And your chicks for free lol. So true. CEO Kim isn’t feeling the pain he’s inflicting on his devout loyal shareholders.
Just remember that no matter what happens...CEO Kim Thompson will be fine financially lol
“Mind the gap”.
That’s a fine strategy too. I think the year will prove good for all. Better than 2019. i just laugh at how badly Kim handles his public company. They will eat him alive on the nasdaq if he pulls the same games. I don’t think Kim is ready to be CEO on a national exchange.
Truthfully , I love nothing more than panic sells , ok well , just as much as I love unchecked euphoria. Both are foolish. I feed off the emotion. Buy low, sell high. It’s very simple.
Not .15 exact of course but close enough.
I just picked up some more at .15 personally. I still expect it to drop to .12 or worse if the absence of news continues but I like to hedge in case Thompson surprises. It always works out in the end.
For one who is truly long term, I would not worry. I still think 2020 will be bright. This is just short term volatility that could have been easily avoided but hasn’t been because like I’ve said , Kim doesn’t concern himself with what the shareholders want.
Yes but won’t last long without news. Kblb can quickly slip under 10 cents if it remains quiet. And the climb back up is always harder than the fall down.
Lol yeah I’m waiting for the usual “you’ll never see these prices again at kblb , back the boat up , don’t miss the train , once these prices are gone, they’re gone forever “ etc etc lmao.
Lol. Yeah “YMIGH” followed with “thanks for the cheap shares” or “go kblb” ad nauseum. Take your pick.
It took longer than I thought to get to 15 cents but as soon as I read that shareholder letter , I knew the silent treatment was coming and said so. That shareholder letter was clearly meant by Kim to stem the sp dive that he knew he’d be creating. As usual , his shareholder letter didn’t work and he’s an idiot for thinking it would.
12 cents coming soon imo.
“kim has promised to lead you to the promised land...just gonna be 30 more years of wandering in the desert first..but never forget...you are the chosen ones... “
Lmao. omg this has me rolling ; fits on sooo many levels here.
It would have hit a dollar too if he hadn’t pulled that stunt. And that’s why Kim is an idiot.
That’s true too. And frankly I think that’s the most likely scenario. I have serious doubts that CEO Kim can pull it off.
In fairness to Kim , he did warn uplist may not happen till spring.
IF Kim does not screw up the uplist , and he gets on the nasdaq, I could see analysts start covering the company and giving it a billion dollar valuation , conservatively. Let’s face it , that’s why you and I are here. We both know kblb can explode “one day”. If Kim can ever get out of his own way. I don’t think a billion dollar valuation is far fetched. Not when you look at companies like Bolt Threads and their ridiculous valuation.
Lmao Ok now that was funny.
Some have asked me why I hate CEO Kim so much. I don’t hate the guy. In fact , he’s made me a lot of money in 2019 so I have no cause for hatred. I also don’t think he’s a total idiot. I just think he’s an idiot at being CEO. I personally think he’s just a terrible CEO. The worst I’ve followed. I’m sure he’s great at a lot of things. Running a public company is not one of them. I really hope he hands the reigns to Jon soon and Kim remains the chairman of the board.
I have a funny feeling we’re in for great news next week. Just a feeling or a hunch. If I’m wrong , that’s fine. I’m even more optimistic for the rest of the year. I may even become a long term shareholder this year. Short term outlook , If no news next week, I think we start to fill .12 to .15 range quickly.
As much as I’d like this to drop further to the 12 and 15 range , I suspect Kim will act and release news next week, even if it’s just fluff. He’ll prop it up next week. Might even be great news coming as the trades today were a bit odd.
Call me crazy but I think they’re pull it off this year. The real question is whether long term shareholders will be rewarded for their patience or will they be left in the cold. That’s why I don’t hold kblb longer than I have to. If I see a profit , I take it.
Define long term and define who’s success. CEO Kim has already succeeded. Succeeded in taking shareholders for a long ride.
In the great words of Kenny Rogers.
You gotta know when to hold em.
Know when to fold em.
Know when to walk away.
Know when to run
Lmao. Today was a good day. Shake that kblb tree.
Ok so my 12 to 15 cent outlook was a month off , but it’s coming IF CEO Kim doesn’t wake up soon. Bought some at 17 , want some more at 15.
If there were ever a lesson why one should trade but never hold a penny stock long term , kblb is it. A lot of money to be made off kblb but not by holding it long term.
I actually agree. I wouldn’t be selling here. I bought some here but leaving plenty of powder to buy at even lower prices. I believe this will drop much lower in the coming days and weeks thanks to Kim’s continued stupidity.
If the CEO is paying 5k to put out a PR, then he’s even more an idiot than I thought.
I can tell you what’s not up: kblb. Now in .17 territory and it’s going to get much worse if CEO Kim says nothing soon. What happened to all the declarations of “boom” ? It’s sounds more like air slowly escaping from a ballon.
Maybe the CEO needs to have another catwalk wearing “M the Movement” spidey silk pajamas. That got the market excited lol
“Yankme” lmao
Clearly they’ve hit some snag they’re not sharing. This is what CEO Kim does. He goes silent until the problem is fixed or no longer relevant. When he was rejected by lam dong in Vietnam in 2013, shareholders didn’t get an update from Kim until the end of 2015. In all that time , he allowed his shareholders to believe he was warehousing “metric tons”.
Let’s hope he isn’t silent another two years this time lol.
Ha. If there’s no news till March , I guess we’ll have more cheap shares available for purchase between .10 and 15 cents.
TET is a pretty big deal for them :
http://www.lafairy-sails.com/en/blog/all-about-traditions-of-tet-the-vietnamese-lunar-new-year.htm
“As is typical of Thompson, we don’t have sufficient transparency to understand what is going on. “
And THAT in a nutshell is why the market stays far away from this company and the sp is 18 cents. I mean besides the obvious. Yes it’s because we are on the OTC and yes it’s because of the pending R/S but the sp has historically been suppressed because of Kim himself not giving investors any transparency or demonstrating credibility. Kim seems to think he just has to get on the Nasdaq and all will be swell lol. No. He has to start demonstrating transparency and credibility to the investment community. He seems not able to grasp that.
Top challenges of doing business in Vietnam. Sure hope kblb did their homework first. Kim and Ben strike me as the type who don’t , seeing as how they couldn’t spell or at least proof-read their newsletters lol
https://www.tmf-group.com/en/news-insights/articles/2019/february/top-challenges-business-vietnam/
Option 1 is pretty bad too as they should have learned their lesson from the last time a reeler caused delays. You’d think they’d be more prepared this time.
I think the silence is that there is an issue /bad news of some sort. Kim had a silent period of about a year and a half when he didn’t want to tell shareholders there were no promised metric tons. As you said , I doubt it’s financing.
Oh by the way, check out this link on Vietnam, especially about protecting IP and corruption:
https://www.tmf-group.com/en/news-insights/articles/2019/february/top-challenges-business-vietnam/
Salary, hourly , bonus, under the table , bartering...call it whatever you want. Pretty sure he doesn’t work for free.
Ben collects quite a handsome salary to play dumb and know nothing. Maybe he’s not playing. Either way , he’s as useless as they come. It’s a wonder why anyone bothers to email him.
I was just going to post something similar. I expect this to finally drift to 17 , then 15 cents in the coming days and weeks without news. As you said , Kim won’t update shareholders with anything negative. He instead goes silent.
I AGREE ! lol
I think his biggest weakness is his frugalness. It’s exactly what’s prohibited him from taking the company to the next phase. Where the company is today , could have, should have been achieved years ago.
Lol “amen” brother. You said it best although I still hold out hope kblb can succeed despite Kim. He seemed to acknowledge that he needs to get out of the way when he said Jon could possibly secede him one day.
Even the announcement of an r/s could have been managed ok if he had just followed thru with a plan/details or elaborated at all but nope. He just throws it out there and gets it authorized with a huge range up to 40 ! with no good explanation and then not a peep since. Unreal.