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I just read yet another recent article that talked about the future of spiders in clothing. They mentioned just about every company and every guy with a degree involved across the industry and yet once again Kim and kblb are left out of discussion. It makes one wonder if they know something we don’t as It pertains to the quality of kblb’s “spider” silk. At 19 cents , the market is certainly saying it doesn’t think Kim has the “ holy grail. “
Just one more embarrassment for kblb in a long string of them. On the bright side , I if CEO ever starts up the newsletter again , they will find it difficult to mis-spell “M” lol
8 tons may not be enough for even “M by Movement” lol. What a joke that was.
I had expected it to drop to .12 to .15 by end of year but I guess Kim’s pathetic PRs were enough to maintain current support levels. Like you said though , it’s gonna have to break one way or the other eventually. I’m frankly surprised it’s still holding .19 as Kim really finished the year and started the new year with a whimper.
According to you , we’ve had last chances to buy cheap shares since 2013 lol
What cash ?! Lmfao
If it’s one thing long term shareholders should understand by now ...it’s that CEO Kim Thompson feels absolutely no obligation to update shareholders in a timely fashion or at all.
SP is going to drop like a rock soon if Kim is giving his “silence is golden” treatment to shareholders again.
I’m sorry but that’s just classic penny stock delusion , based on nothing more than hopes and wishes and caviar dreams.
Lol it’s comical how incompetent Kim is as CEO. I’m sure he’s a good lawyer but he’s a terrible CEO for a public company.
lol is anyone surprised? As I keep saying , You can always count on Kim to not meet any deadlines , be it others or his own. Uplisting won’t take place till “spring” at the earliest. At least Kim is consistent. I can count on him to consistently disappoint his shareholders , making kblb a consistently easy play.
The company expects to produce only approx 8 metric tons in 2020. They’ve stated their focus will be to fulfill the backlog of requests for samples in 2020. 8 metric tons is next to nothing. Certainly not enough to put a product on the market in commercial quantities. Safe to say 2020 will be spent trying to woo customers/partners and those potential customers will be testing the silk qualities in 2020. Probably won’t see a product on the market till 2021 at earliest.
You’re not mistaken. CEO Kim has failed miserably in obtaining patents. It’s a bad joke and another reason why the stock languishes and Kim is an idiot. They hold no patents. How sad and pathetic is that. So China wouldn’t technically be stealing anything from KBLB lol
Exactly. Kim would be an even bigger idiot than I thought If he did an r/s in the absence of truly good news that raised the sp first.
What Ive been expecting is a sustained PR CAMPAIGN with polartec or similar level partner/customer that gets investors juices flowing. Along with that , Kim needs to show investors a PLAN on where he’s taking the company, how he plans on getting the company to the NASDAQ and keeping it there. Kim also needs to start doing the rounds on CNBC, Bloomberg and the like and SELL IT. Only after getting buzz going , explaining the rationale for the r/s and getting the sp up, should an RS happen.
Problem is KIM is not a salesman. Also, he has to have something to sell. Show investors he’s got the goods. So far , all investors have seen are empty promises about how wonderful his silk is. Right now , there’s plenty of healthy skepticism whether Kim really has anything worthwhile to sell or can sell.
This is why KIM needs to step down from CEO role and just remain chairman. He just doesn’t have what it takes. You can’t have a camera shy guy , who holds a conference call once a decade , leading the company.
Lmao. He seems to struggle with the written word a lot I’ve noticed.
I’ll die laughing if the first customer kblb ships to is that “M by movement “ nonsense.
Then you haven’t been following kblb too closely. This was extremely predictable.
You preach the real truth. Again this is one reason why Kim is an idiot without credibility. The share price reflects how much the market believes his words. 20 cents says “show us. Talk is cheap. “
We agree to disagree. No worries , real news will be here soon enough. 2020 should be a pretty good year. The biggest question mark is when and how big the r/s will it be. What’s not a question imo is that it IS happening. Once that gets resolved , the train should start to finally pull away from the station. Imo , Kim executed this debacle poorly and the stock is paying the price. The potential of this company should have the share price at a dollar now but Kim killed the momentum.
Kim needs to be out there PROMOTING his company. Instead , he’s like the wizard of oz, hiding behind his curtain.
Well the market seems to know the difference between fluff and news. Notice how the stock price has remained 19 cents despite the last few PRs ? It’s because the market knows fluff when it hears it. Real news moves a stock price.
For example “ we have shipped silk to our first customer” would be news. Telling us you’re preparing to ship is fluff. It’s purpose is to fill the time between real news , hopefully keeping the stock price from driving off a cliff. Hence , fluff.
Real news would be signed agreements , contracts , revenue. Everything else is forward looking fluff. These PRs telling us they are in “in the midst of” or “in the process of “ or “in the weeks to come” are all forward looking fluff we’ve been hearing for years. His credibility is shot. The stock price reflects that.
the stock should be a dollar by now but it’s not because Kim continues not to address the r/s debacle. Too many unanswered questions keeping the stock price down.
Good things ARE coming next year. Unfortunately the CEO is a moron that doesn’t know how to promote his own company and share price. He just doesn’t know how to run a business or attract investors.
Wow, Kim is desperate to keep the stock propped up with these PRs. Kim is basically acknowledging he screwed up with his premature r/s announcement and is saying “please don’t sell”. He knows the stock is headed to close out the year 12 to 15 cents if he doesn’t release fluff.
Joe’s t-shirt outlet earns more revenue than kblb lol.
Yep, that’s why I expect this to close the year between 12 and 15 cents. I think we’ll see a lot of profit taking before year is out.
Kim is soley to blame for current state. The r/s hanging over it , yes , but also He doesn’t know how to sell and market his company. That combined with the damage done to his credibility over the years is why it’s stuck here.
Despite all the recent successes , he has failed to announce a revenue generating deal. No one is taking his word in part because his words are still vague. The old Wendy’s commercial comes to mind: where’s the beef?
Yes hopefully one day. I don’t think an agreement like that would be announced anytime next year. A company like under Armour needs way more material than kblb expects to produce next year.
Mid to Long term looks bright. Short term looks ugly with the immediate need for capital. That combined with the r/s hanging overhead will keep the stock price suppressed. I think many, myself included , thinks Kim may do an r/s prematurely or poorly timed. For shareholders’ sake , I hope he doesn’t screw it up. Historically , Kim has at times expressed puzzlement about his company’s share price, thinking it should be multitudes higher. I think he overestimates his “newsworthy” PRs. He has done almost no marketing. What happened to this marketing campaign he said he was going to go on this fall ? Were these last few PRs it? It shows me he really doesn’t understand how the market perceives him and his company. He doesn’t seem to know how to promote. That could be a fatal mistake if he does an R/S alongside news that he thinks will propel the stock. If he’s wrong and mis-times it, there will be a lot of miserable shareholders.
I don’t think Nike is a good fit either. Not yet anyhow. I think 2020 will mostly be about ramping up quantities and establishing more cooperative agreements. I don’t see household names announcing manufacturing deals next year with kblb without kblb first proving scale.
Short term I don’t see how they avoid massive dilution. They need cash fast and they need a lot of it in order to scale this up.
Should be a good year. Not sure about explosive. I think they said they estimate they will produce 8 tons of silk in 2020. That’s not a lot of silk. They have a lot of work ahead of them to attract big companies. I doubt someone like Nike would sign on with them until kblb proves It can produce consistently reliable super silk and a lot of it.
Well said.
“ the new stuff is far better than the old stuff”
Yeah but which old stuff ? Monster silk? Big red ? Spiderpillar ? New and improved monster silk 2? Dragon silk ? Dragon silk 2 ?
Lol I can go on and on with the CEO’s tired old song of “new and improved !! “ It’s a tired game he’s PR’d when he has nothing substantial to PR or is desperate to keep the stock from collapsing.
This last PR is nothing more than an attempt to buoy the stock price , nothing more. We know that because the PR effectively says nothing , as you pointed out. Doesn’t establish what the baseline is or anything about anything really. It’s all fluff.
This stock is closing out the year between 12 and 15 cents I’m afraid. Best case scenario , it stays here at 19 / 20. Imo of course. It could surprise me but I doubt it.
Did I mention the CEO is an idiot ?
KBLB changing the world. I wish they would change the person who repeatedly misspells basic words in their PRs. Is it Kim himself ? In this case they wrote “personal” instead of “personnel”. It’s just unprofessional and embarrassing that they can’t spell correctly in their PRs. Really detracts from the message.
As far as the PR’s content , it reeked of desperation to prop up the share price. Sorry , CEO Kim, but it’s not going as you planned. You killed the share price with r/s talk. You’re not going to recover from it with a pr about “dna constructs” that are superior to the product you’re currently producing and trying to commercialize ! Lmao.
This guy is such an idiot.
This won’t do much for the share price , if anything. In the elegant words of POTUS, the stable genius with a brilliant vocabulary : “sad. bad.”
“So no, the sky isn’t falling on kblb...
Just on shareholders “
At least the buy and hold shareholders lol
Lol. I immensely enjoyed all 3 of your last posts. Right on Mojo. Again, it boils down to the fact that the market doesn’t trust CEO Kim Thompson’s words. He has no credibility. We need sales and contracts , period. That, coupled with the 40-1 r/s hanging over our heads is why Kblb is stuck at .20 and likely to close out the year around 12 to 15 cents imo. This CEO just keeps proving he’s an idiot over and over again.
But at least he’s a consistently reliable and predictable idiot. He’s making me a lot of money.
I talked to both before the last two PRs. Things can change of course but they both said the reverse split is very likely because the company “has” to uplist soon. My frustration is they don’t explain the urgency. At least enough to my satisfaction. I understand they need to attract better financial backing but there’s something we must be missing here. The only thing I come up with is they are extremely hard up for cash , worse than even I thought.
Agreed. Hence why Kim said he felt “nervous”. He’s trying to thread a needle with a very real risk of driving the stock way down short-term. He’s trying to shore up shareholder confidence with the last letter but shareholders ain’t buying it. Dilution and short term fall is coming. Longer term looks great though. Next year should see the stock rise overall. I expect the stock to close out this year with a whimper. 12 to 15 cents. And that’s assuming no split this year.
“ I doubt the company will ever use it. ”
You can doubt it all you want but Ben and Jon , if you talk to them , they make it very clear that the reverse split is extremely likely. Just a matter of when.
Great post. So true.
depends on what you define as soon. I think 2020 will be a great year for shareholders overall , just as 2019 has been. However , short term , I see us finishing the year with a whimper and expect some selling for tax reasons and otherwise. I think we finish the year around .15 cents is so. Kim all but indicated thru his letter that the year is pretty much over and he’s looking towards 2020 for commercialization
pretty sure I have more shares than most here so I always get a chuckle when accused of being a short. Ironically , I’ve amassed a ton of kblb shares by selling them and buying them back for less. Don’t hate the player , hate the game.
Gee, I sure hope KBLB has flood insurance. And a boat. And iinstitutional investors who don’t read The NY Times:
“Southern Vietnam could all but disappear.
The first map shows earlier expectations of submerged land by 2050. But the new outlook, the second map, indicates that the bottom part of the country will be underwater at high tide.
More than 20 million people in Vietnam, almost one-quarter of the population, live on land that will be inundated.
Much of Ho Chi Minh City, the nation’s economic center, would disappear with it, according to the research, which was produced by Climate Central, a science organization based in New Jersey, and published in the journal Nature Communications. The projections don’t account for future population growth or land lost to coastal erosion.”
https://www.nytimes.com/interactive/2019/10/29/climate/coastal-cities-underwater.html