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Once again, it wouldn't be the first time. There have been 1000s of cons over human history where many knowledgeable people were conned out of their money.
Here are just a few:
SBF (Sam Bankman Fried) / FTX Crypto
Theranos
Bernie Madoff
Worldcom
Enron
and the list goes on and on and on.....
<< An average cocoon weighs about 2 grams I figure our cocoons are probably twice that weight so I figured 4 g >>
Sorry, but that is incorrect. KBLB cocoons are no larger than normal silkworm cocoons.
<< Why the hell don't we break through 15 cents? >>
Probably because everyone knows that the Douchebag CEO is full of poop.
<< I'm assuming when they weigh these cocoons they're also weighing the moth that's inside the cocoon? .... Also are they weighing these after their boiled? Possibly still damp? >>
Yes, the Douchebag CEO is always trying to deceive investors into believing in unicorns and leprechans.
He is also setting everyone up to accept this way of weighing, so when he announces a "metric ton", the silk will probably be < 10% of that weight.
<< 325 pounds of recombinant spider silk cocoons is about 32.5 pounds raw silk. >>
Agreed.
I would estimate that there would be around 30-50 lbs of recoverable silkwork-ish silk.
<< Even less now after trying to claim Spydasilk is not a joint venture and just a trademark. >>
As I stated previously, Spydasilk and Spydasilk Enterprises are two separate things. Spydasilk is a trademark. Spydasilk Enterprises is a (supposed) venture between KBLB and Kings Group.
Either way it doesn't matter, because both of them have amounted to absolutely NOTHING.
No sales.
No revenue.
No customers.
No products.
NOTHING....
I was replying to your original post. Your original post stated "Spydasilk" and not "Spydasilk Enterprises". Those are two totally different things.
In addtiion, you added locations to all of the other companies. If you would have stated "Spydasilk (Singapore)", then I might have understood what you were referring to. We can't read your mind to know that you were talking about something besides what you wrote.
<< KBLB has formed Kraig Biocraft Laboratories (Ann Arbor, MI), Prodigy (Quang Nam, Vietnam), Prodigy Silk (Lam Dong, Vietnam), and Spydasilk. >>
WRONG AGAIN!
First, "Prodigy" is actually Prodigy Textiles.
Second, Spydasilk is a recent trademarked brand and not a company.
Third, Prodigy Silk hasn't been formed yet. KBLB hasn't received their business license from Vietnam for it yet That company name hasn't shown up in even ONE SEC document yet. And It has only showed up once in all ol the multitude of fluff PRs that the Douchebag CEO has posted.
<< There is no basis to believe that KBLB produced 25 kilos during the Spring Trials. >>
Agreed. The Spring Trials were to test the parents. The cocoons of the hybrid children are what is used to create the silkworm-ish silk.
<< Is this being produced at KBLB/Lam Dong? >>
No, that facility is much too small. It is only about 700 sq meters (or 7500 sq ft).
*****UPDATED: KBLB - FAILURE AFTER FAILURE (OR SCAM AFTER SCAM????)*****
NEW: 2024: GSS - FAILED
2023: Air Force Contract is a Slam Dunk - FAILED
2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
<< I'm hoping Kings cranks up a campaign prior to products hitting the market. >>
LOL
At the end of March, they had about $2 MILLION left in cash.
Total compensation for the Douchebag CEO and his top two minions was $1.4 MILLION last year (and that doesn't include the rest of the staff).
The company can barely make payroll this year.
MASSIVE DILUTION coming "soon"....
The Douchebag CEO gave himself another 200 MILLION voting shares recently (for the bargain basement price of $0.0001 a share), and has another 200 MILLION voting shares waiting on the sidelines. Why would he have those shares waiting on the sidelines if there wasn't massive dilution coming soon? The answer is that he wouldn't.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
Anyone that thinks that the company can make it through the end of the year without dilution is fooling themselves.
This is from KBLB’s most recent SEC 10-K filing (filed on 1 Apr 2024):
Once the 8-K is posted that confirms massive dilution, this will drop like a rock.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent 424B3 (from 10 Jun 2024):
Psyched Wellness Developing Amanita Muscaria Gummies for Sale in the USA
June 13, 2024 7:30 AM EDT | Source: Psyched Wellness Ltd.
Toronto, Ontario--(Newsfile Corp. - June 13, 2024) - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched"), a life sciences company focused on the production and distribution of health and wellness products derived from the Amanita Muscaria mushroom, is pleased to announce it will be releasing a new product this summer - Amanita Muscaria watermelon Gummies.
By using the Company's proprietary extract (AME-1) in the formulation, we have created the first and only legal and safe for human consumption Amanita Muscaria gummies in the United States of America.
The gummies will be called "Fly (Agaric)" and are estimated to be available online this summer, and in select retail locations. This name takes inspiration from Fly Agaric, one of the names commonly used for Amanita Muscaria mushrooms.
"Our customers told us they prefer gummies as a delivery format, so we listened. The popularity of gummies across various sectors continues to soar as enthusiasts embrace the convenience and flavor-packed charm," says David Shisel, Psyched Wellness Chief Operating Officer. "We believe the Fly (Agaric) has the potential to exceed our tincture sales and we look forward to introducing additional flavors in the future."
Psyched Wellness will be growing their route-to-market partnerships throughout the nation. If you are interested in distributing/listing Calm or Fly (Agaric) please reach out to sales@psyched-wellness.com.
Visit psyched-wellness.com for more information about ordering the product directly.
https://www.newsfilecorp.com/release/212829/
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a dozen kilos of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past decade that all state that commercial production was "just around the corner" (which was obviously fraud because we are all still waiting):
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
DON'T BUY THE HYPE, OR THE SNAKE OIL
<< They are releasing facts bro. They are not misleading statements. >>
What a joke....
Pumpers have been spewing that BS for over a decade, and yet there is no commercial product and no revenue.
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
<< How in the world can you claim to know the intent? >>
The author owns the stock and is being paid up to $25K a month, and you don't know their intent????
WOW!!!
<< At the bottom, of the last 24/seven news report at the very bottom in the gray shaded area it says kb could be paying up to $25,000 per month for six months for these reports. Am I reading this correctly? >>
Yes, the 247 "articles" are paid pump pieces. They are made to look like news articles to pump the share price.
OTCMarkets gave KBLB a warning the last time KBLB did this (about a month or so ago).
The evidence is in the filings....
****BREAKING NEWS****NOTRE DAME & KBLB PART WAYS****
<< Isn’t paying someone to advertise your product or offering called advertising? >>
There is a big difference between an advertisement and a paid pump piece. And that piece isn't an ad.
That website scams unsuspecting people into believing that they are actually reading "news". The name of the website is "247marketnews". They claim to be a " a leading market news platform for public companies". That is fraud. The only way that anyone would know that it was a paid pump piece is by reading the fine print.
<< how are we supposed to know, as investors, if they are telling us the truth? >>
They have lied for a decade and a half, and now they are telling the truth???
LOL
<< instead it's really just fluff. >>
More like regurgitated fluff....
<< https://247marketnews.com/kraig-labs-is-more-exciting-than-ever-right-now-octqb-kblb/ >>
That is another paid pump piece.
<< I was telling everyone to load up at .035 >>
You were also telling everyone to load up when the share price was around 50 cents. LOL. What a joke....
<< MULBERRY trees are in Texas >>
No, they aren't. That was another lie from the Douchebag CEO.
KBLB dropped the Texas property years ago (back in 2021).
I believe that you are coming to an incorrect conclusion.
Click on this link:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-262631&owner=include&count=40
That will give you the entire history for that S-1 (file #333-262631).
If you notice, you will see (at the bottom), that the original filing was posted on 10 Feb 2022.
KBLB posted an update (#1) on 23 Mar 2022 (which was also marked as "Preliminary"), and then it received a Form of Effectiveness on 8 Apr 2022 from the SEC.
4 days later (on 12 Apr 2022), KBLB posted an 8-K stating that they entered into an agreement with YA II PN for $3 MILLION.
2 days later (on 14 Apr 2022), KBLB started to MASSIVELY dilute shares.
So the fact that it says "Preliminary" has no bearing on whether they can dilute or not.
<< Spider silk is biocompatible. Silkworm silk is not biocompatible. >>
Great point. KBLB is trying to make silkworm-ish silk (w/ a dash of spider DNA). So the product would need to undergo extensive testing for medical purposes.
<< If you read the associated documents with the Form Effect document >>
There are no associated documents with the Notice of Effectiveness (aka Form Effect).
https://www.sec.gov/Archives/edgar/data/1413119/999999999524001711/9999999995-24-001711-index.htm
<< I don't think there is anything deceptive about what Web is putting in his statements >>
Thanks for the vote of confidence.
<< I feel that there were times they .... did things unscrupulously, like voting on things without putting it out there for all investors just because they have a majority stake. To me, that seems disingenuous at the least, and probably dishonest. >>
There is no doubt.
<< One should just believe what the company tells in their prs, that are the facts >>
What as load of BS!
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
<< So you are saying none in 2018,2019, 2020 is that correct? >>
Correct, there were no Notice of Effectiveness filed in 2018 through 2020.
<< So how many "Notice of Effectiveness " have been posted in the last 5 years? >>
3 (or 4 if we include the one filed the other day):
Apr 2021 - resulted in dilution of 77 MILLION shares
Apr 2022 - resulted in dilution of 80 MILLION shares
Sep 2023 - delayed until now
So 2 out of the 3 (Apr 2021 & Apr 2022) resulted in MASSIVE dilution (157 MILLION shares). The 3rd one (Sep 2023) was delayed because things fell off the rails ("Management Changes and Recalibration" according to the PR dated 2 Oct 2023) and the Douchebag CEO needed to regroup. So the 3rd one was delayed and is happening now.
Once again, anyone that thinks that KBLB can make it through the year without additional dilution / funding is dreaming.
<< What do you recommend we do?? Buy more??? >>
Buying more shares before massive dilution would be foolish.
The smart thing to do before massive dilution would be to sell everything. And then after the dilution has ended, if someone is still convinced that this POS penny stock is still worth something, then they could buy shares at that time at a vast discount.
When the Notice of Effectiveness was announced in in April 2021, the share price was around 16 cents. By the time dilution ended, the share price was around 8 cents. And when the Notice of Effectiveness was announced in April 2022, the share price was around 8.5 cents. By the time dilution ended, the share price was around 3 cents.
****BREAKING NEWS****NOTICE OF EFFECTIVENESS POSTED****
The SEC has given KBLB the green light 🟢🚦 on the latest S-1/A Update #5.
This means that KBLB can now start to dilute MILLIONs of shares.
Let the games being....
Wash, rinse, repeat....
https://www.sec.gov/Archives/edgar/data/1413119/999999999524001711/xslEFFECTX01/primary_doc.xml
It means that MASSIVE dilution is coming soon....