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<< Google: “Arrayit Patents” >>
I already discussed that in my previous post. Those are patents that use ARYC products. The patents aren't actually OWNED by ARYC. They are owned by other companies.
Thanks for that info.
That is the only patent that I am aware of for ARYC. I discussed it in my previous post. It is owned by Telechem, one of their subsidiaries.
The quote appears to be from 2005. Since a patent lasts 20 years, it looks like they have another 7 years to profit from it.
My big question is - Why haven't they benefited from this already (over the past 13 years)?
http://www.arrayit.com/Arrayit_Corporation_ARYC_Corpo/Microarray_Media_-_Press/Schena_Patent/schena_patent.html
<< Even if they just licensed the patents it would create a cashflow >>
What patents? People on this board keep mentioning patents. As far as I know, ARYC only has 1 patent through their subsidiary Telechem:
https://patents.google.com/?inventor=Mark+Schena
All of the other "patents" that I have seen listed on this board are patents for OTHER companies that have used an ARYC product in their process. That doesn't give ARYC any cashflow whatsoever.
FYI: I am long ARYC.
<< Kim is welcome to dazzle us with his business skillz >>
You mean he hasn't been doing that already for the past 10 years. :) LOL
<< ...regarding importation of manipulated animals... >>
This is what I have been trying to tell everyone for a few months, but it seems to fall on deaf ears.
KBLB needs to provide 2 things to MARD in order to get into Vietnam: (1) a biosafety document from the U.S. State Dept, and (2) a document from the USDA.
And both of those things will take months or years to obtain. But this is no different than what they will find in almost any other country. So dumping Vietnam and going to another country won't be easy either.
"A representative from the Ministry of Agriculture and Rural Development (MARD) has received a dossier from Kraig Biocraft Laboratories, Inc. (USA) for the project to import and produce genetically modified silkworms (spider silkworms). After considering the dossier, the Ministry of Agriculture and Rural Development (MARD) found that the dossier was missing: (1) The biosafety certificate granted for the gene transfer event to the silkworm variety meeting the requirements in Article 22, Article 23 Decree 69/2010 / ND-CP dated 21 June 2010 of the Government on management of biological safety of genetically modified organisms. (2) License for use of genetically modified (AI) silkworms in US Department of Agriculture (USDA) mass production."
http://vietseri.vn/Chi-tiet-tin/Tin-tuc/11752/trien-khai-du-an-nhap-va-nuoi-tam-bien-doi-gen
You can read Vietnamese Decree 69/2010 (Biosafety of Genetically Modified Organisms, Genetic specimen and Products Derived from Genetically Modified Organisms) here:
http://www.biosafetyscanner.org/pdf/doc/456_allegato.pdf
<< ... the progress continues and it seems like the light is turning green ... >>
Another forward-looking statement. "It seems like" the light is turning green, but they don't know for sure. Same old, same old.
<< Was that you who slid that 150k buy in? >>
Unfortunately, that wasn't enough to counter the 670K in sells.
<< someone bought 2.5 million shares >>
I am not sure what you are looking at, but IHub, Ameritrade, AND E*Trade are ALL reporting only 66,924 shares traded so far this morning (as of 10:15 am). That is pretty pathetic!
Yesterday's Volume Was Pathetic
Yesterday's volume was about 256,000 shares (and yesterday was a Monday which typically has higher volume). That is the lowest volume since the beginning of the year (1 Jan). It is woefully pathetic. There were only a total of 25 trades on this stock yesterday (and 16 of them were sells).
Nobody seems to care about this stock anymore.
You are wrong. The iHub data is correct.
There were 25 trades. 5 of them were classified as buys, and 16 of them were classified as sells.
Below is the actual data...
As an example, if you take a look at the top line (trade #25), you will see that the bid was 0.032, the offer was 0.037, and the price on the trade was 0.033 on 70,000 shares. Since the sell price of 0.033 is closer to the bid (0.032) than the ask (0.037), it was classified as a sell (which is correct).
Just because you don't like the results doesn't make it "wrong".
Num Exch. Price Size Type C T Bid Offer Time Buy Sell ? Buy Ind. Buy Vol. Sell Vol. ? Vol.
25 nasd 0.033 70,000 0.032 0.037 15:56:20 70,000 23,500 211,676 21,199
24 nasd 0.033 27,242 0.032 0.037 15:56:01 27,242 23,500 141,676 21,199
23 nasd 0.03339 10,000 0.033 0.037 15:55:54 10,000 23,500 114,434 21,199
22 nasd 0.035 1,200 0.033 0.037 15:45:39 1,200 23,500 104,434 21,199
21 nasd 0.033 2,000 0.033 0.037 15:23:48 2,000 23,500 104,434 19,999
20 nasd 0.0335 2,000 0.033 0.037 15:23:48 2,000 23,500 102,434 19,999
19 nasd 0.033 5,758 0.033 0.037 14:33:58 5,758 23,500 100,434 19,999
18 nasd 0.033 25,000 0.033 0.037 14:14:42 25,000 23,500 94,676 19,999
17 nasd 0.032 300 0.032 0.033 11:58:03 300 23,500 69,676 19,999
16 nasd 0.0325 10,500 0.0325 0.033 11:57:46 10,500 23,500 69,376 19,999
15 nasd 0.0325 14,200 0.0325 0.033 11:57:46 14,200 23,500 58,876 19,999
14 nasd 0.03275 5,000 0.0325 0.033 11:36:18 5,000 23,500 44,676 19,999
13 nasd 0.033 8,000 0.0325 0.033 11:21:51 8,000 23,500 44,676 14,999
12 nasd 0.033 25,000 0.033 0.034 11:17:06 25,000 15,500 44,676 14,999
11 nasd 0.03325 10,000 0.0325 0.034 10:06:24 10,000 15,500 19,676 14,999
10 nasd 0.034 500 0.0325 0.034 9:40:13 500 15,500 19,676 4,999
9 nasd 0.03385 5,000 0.0325 0.034 9:37:07 5,000 15,000 19,676 4,999
8 nasd 0.034 5,000 0.0325 0.034 9:37:06 5,000 10,000 19,676 4,999
7 nasd 0.03325 4,999 0.0325 0.034 9:36:49 4,999 5,000 19,676 4,999
6 nasd 0.0325 800 0.0325 0.034 9:30:13 800 5,000 19,676 0
5 nasd 0.039 5,000 0.0325 0.034 9:30:06 5,000 5,000 18,876 0
4 nasd 0.0321 6,438 0.0325 0.038 9:30:02 6,438 0 18,876 0
3 nasd 0.032 6,438 0.0325 0.038 9:30:02 6,438 0 12,438 0
2 nasd 0.032 4,500 0.0325 0.038 9:30:00 4,500 0 6,000 0
1 nasd 0.032 1,500 0.0325 0.038 9:30:00 1,500 0 1,500 0
<< How many months late are the shoot packs from the original due date? >>
The original delivery date was Apr 2017, so KBLB is now 11 months late.
But we also need to remember that KBLB was awarded the contract back in Jun 2016 and had 10 months to fulfill the original delivery date. This means that KBLB has now had 21 months to deliver a few sample shootpacks.
KBLB only has ONE customer at this time - the Army.
And they only had ONE task in the past 21 months - deliver a few sample shootpacks.
Yet they have failed to accomplish that ONE task.
<< Who discovered the inconsistencies?
KBLB or the weaver of the shoot packs? >>
<< ...why would they ship inconsistent fibers to the weavers to make shoot packs... >>
It is also possible that KBLB knew about the inconsistencies and decided to ship the thread to the weavers anyway (so they could publicly state that they "delivered" the fiber to Warwick, and then try to blame them for missing the delivery, therefore buying them some more time).
<< The company is finally close to achieving some key milestones... >>
You mean like it has been over the past 10 years? LOL
<< Could these people be behind the stall in Vietnam? >>
The stall in Vietnam is due to KBLB and KBLB alone. KBLB hasn't provided the proper documentation yet to MARD from the State Dept. and the USDA.
"A representative from the Ministry of Agriculture and Rural Development (MARD) has received a dossier from Kraig Biocraft Laboratories, Inc. (USA) for the project to import and produce genetically modified silkworms (spider silkworms). After considering the dossier, the Ministry of Agriculture and Rural Development (MARD) found that the dossier was missing: (1) The biosafety certificate granted for the gene transfer event to the silkworm variety meeting the requirements in Article 22, Article 23 Decree 69/2010 / ND-CP dated 21 June 2010 of the Government on management of biological safety of genetically modified organisms. (2) License for use of genetically modified (AI) silkworms in US Department of Agriculture (USDA) mass production."
http://vietseri.vn/Chi-tiet-tin/Tin-tuc/11752/trien-khai-du-an-nhap-va-nuoi-tam-bien-doi-gen
You can read Vietnamese Decree 69/2010 (Biosafety of Genetically Modified Organisms, Genetic specimen and Products Derived from Genetically Modified Organisms) here:
http://www.biosafetyscanner.org/pdf/doc/456_allegato.pdf
ALL of the DNA testing companies (AncestryDNA, 23andMe, FamilyTreeDNA, MyHeritage, National Geographic, etc) get their microarray chips from Illumina.
I'm not sure how ARYC would benefit from the DNA testing market. Do they have any products for that sector?
<< ...why have you and the rest of us held on this long? >>
One word: HOPE
Unfortunately, that is all that KBLB sells at the moment.
KBLB Has Started Diluting Shares AGAIN
As of 30 Sep 2017, KBLB reported 802,196,748 outstanding shares.
http://irdirect.net/filings/viewer/index/1413119/000165495417010747/
As of 1 Feb 2018, there are now 816,847,910 outstanding shares.
https://www.otcmarkets.com/stock/KBLB/security
That is an increase of about 15 million shares in about 4 months.
In a few days, the #s will be updated for March. I will be interested to see what those #s will be.
Thank you very much.
Thanks.
I found the case and it says "Docket last updated: 9 hours ago". Do you know what was updated?
Thanks, but could you please provide a link so that I can check myself in the future.
Anyone have a way to check the status on the Taub case online?
<< First you questioned why they didn't plant them in cold country so the harvest yield would be limited... >>
Sorry to disappoint you, but I never mentioned anything about weather or climate. You must be a little confused and getting your arguments mixed up.
<< Best if you know what you are talking about before making profound statements... >>
This looks like a classic case of the "pot calling the kettle black". LOL.
<< In my opinion yes I do think KBLB planted the trees and harvested them as planned in the fall. >>
It doesn't really matter what you think. If they had harvested the trees, they would have released a PR announcing their success. Kim never misses ANY opportunity for a PR. He has released PRs on moving a lab, working in a new lab, hiring a person, planting trees, ad infinitum. To say he wouldn't PR the success of harvesting the trees is ridiculous.
<< I did not get into a car and drive to the property. >>
<< First I have a truck not car. >>
LOL! OMG, you are right! You totally got me! A "truck" and not a "car"! WOW, did I ever get it wrong! LOL!
<< Second I did not drive to the property as a trip. I drove close to to the property while I was on a trip and detoured past it. >>
Once again, you got me. Your description is SO much different than mine.
But you know what? I couldn't care less. You seem to think that you are winning some sort of argument with me.
But in fact, you admitted that you went to the property and didn't see Mulberry trees. They are supposed to have 2,000 Mulberry trees and you didn't even see ONE. And THAT was my point. And you confirmed what I said. So "Thank You".
The fact is that KBLB once again lied. They said that they were going to harvest their 2,000 Mulberry trees in the Fall and they didn't. According to you, it looks like they don't even have a Mulberry crop.
<< this is your exact quote...“In addition, there has been absolutely no update on the Mulberry trees since the beginning of last year"... >>
That is a blatant lie and a total misrepresentation of what I said. Here is my entire quote:
"In addition, there has been absolutely no update on the Mulberry trees since the beginning of last year when they planted the trees (despite the fact that they were supposed to harvest the trees last Fall)".
You conveniently left out the end of the sentence, which puts the entire sentence in context (and shows that I was talking about the harvest).
<< why are we fretting over something that doesn’t matter? >>
You seemingly don't care because you lost the argument (once again).
The point is that KBLB constantly promises and never delivers. And that DOES matter.
<< I did not take a trip down there! >>
I said "Someone from this board took a trip out to that property". Didn't you get in a car and drive to the property? Is that not taking a trip?
<< I did say I could not see them. >>
And didn't I say "Someone from this board took a trip out to that property and didn't see any Mulberry trees either."
I'm not sure what your argument is. You are just confirming what I said.
Yes, I understand that.
People can always imagine anything that they want. But I always want to examine the evidence (whether it is good or bad).
For example, people can imagine that KBLB has harvested the mulberry trees if they want, but I see no evidence for that at all.
People can imagine that KBLB will gain entry into Vietnam before the Tet holiday (which has now passed) or in the next few weeks, but I see no evidence for that.
People can imagine that KBLB can produce commercial quantities of spidersilk (aka "scale and sale"), but I see no evidence for that.
I don't have a problem if people will admit that they are playing the lottery on this stock and hoping that it will pay off one day in the (not so near) future, but please don't try and say that it is "just around the corner" when they can't provide evidence for that. If anyone believes that, then they are just fooling themselves.
One of the reasons that I do the research is because (like most people) I believe that spidersilk from a silkworm is a GREAT idea. I hope that it will succeed (either from KBLB or from another company). But I won't invest in something on wishful thinking (that has absolutely no evidence for success). I need to see some sort of tangible evidence.
I agree with another poster that stated that KBLB is sort of like a pharmaceutical company. Since KBLB has genetically modified worms, I believe that they will required government approval before they can commercialize. Right now, they are a research company. But in order to "scale and sale", they will need government approval from the USDA, State Department, and /or maybe some other agencies. And that will take time, which in turn will take funding. That is why I believe that the Army contract is crucial to their survival. But missing two deliverable deadlines is not the way to win the heart of the Army.
The next few months are critical for KBLB. If they still can't deliver the shootpacks and fail to deliver the "custom" spidersilk (by Aug 2018), then I believe that it is "game over" for KBLB.
We shall see...
I stated that KBLB has not posted an update on the harvest of the Mulberry trees.
You are arguing that they mentioned the Mulberry trees in the newsletter.
Those are two completely separate things.
The entire purpose of planting the trees was to harvest them. I don't care if they watered the trees, pruned the trees, looked at the trees, sat under the trees, or got samples from the trees. That is ALL inconsequential to the primary directive (of harvesting the trees). We want to know "what happened to the harvest"?
And at this point, they have never mentioned harvesting them, so I can only assume that there was a problem. Kim never loses ANY opportunity for a PR. He will create a PR for almost anything (posting a job, moving the lab, opening the lab, hiring someone, etc, etc). So if the trees were harvested, you can bet that he would have created a PR for that situation and said how wonderful the harvest was, what a great bounty it created, and how happy his little worms are.
<< The audit did not begin in October 2016 is my point. >>
RRBB was hired Oct 2016 to audit the company.
Arrayit completes 3-day on-site audit with top public company auditors Rosenberg Rich Berman Baker RRBB Somerset NJ https://t.co/KOBMihAJR6 pic.twitter.com/KRuT2qau29
— Arrayit Corporation (@arrayit) March 2, 2017
I am not sure when the original audit started, but I believe that it was back in 2015 (since the 1st firm resigned on 18 Jan 2016). Do you know the exact date? Do you have a link?
I'm not sure what your point is. The quiet period I was talking about was in 2017, and NOT in 2016.
RRBB was hired in Oct 2016. They tweeted about them from 2 Mar 2017 to 27 July 2017. There was then a 2-month "quiet period" (where there were no tweets about the audit) until 29 Sep 2017. They then started tweeting about the audit again until 5 Jan 2018. Since then, there have been no tweets on the audit. So this "quiet period" could be similar to last summer's "quiet period".
Sorry, but I don't call a forward-looking statement or a recap of something that happened in the past "an update". Nice try in trying to twist my words though. LOL.
The bottom line is that we have no idea what happened to the 2000 mulberry trees that were planted over a year ago. But that is just the modus operandi of KBLB in general. Announce that you will do something (scale and sale, Vietnam, deliver shootpacks, ad infinitum), but never follow through on anything and leave all of your investors wondering.
<< That would be the period where they switched auditors to RRBB and initiated the process >>
That is incorrect. They hired RBBB back in Oct 2016.
<< ...read the newsletters >>
Sorry, but you are wrong once again. I have gone through all of the newsletters over the past year (since they planted the Mulberry trees) and there is nothing in them about harvesting the trees.
The 3Q newsletter (which came out 31 Oct 2017) says that they are "preparing to gather the first full harvest in the upcoming weeks":
<< They have gone into a complete quiet period from audit talk. My logical assumption is that the audit is finished and is in the hands of the company now. Quite possible they are looking it over and preparing the release statement with their lawyers. >>
That is a definite possibility, but there was a 2-month period last year between 27 Jul and 29 Sep where they didn't mention anything about the audit either.
Someone from this board took a trip out to that property and didn't see any Mulberry trees either.
In addition, there has been absolutely no update on the Mulberry trees since the beginning of last year when they planted the trees (despite the fact that they were supposed to harvest the trees last Fall).
So I am starting to wonder what happened.
<< The provincial government of Quang Nam clearly wants us there. They are talking with more than just Kim about developing ways to revitalize their silk industry. In my opinion, the Vietnam central government has been incompetently slow in this entire process. I mean, you have a local province that is eager to move forward with their plans to improve their economy, provide jobs, and reduce poverty. >>
There are 1000s of counties across America that would love a big foreign company (Volkswagen, Toyota, Samsung, Sony, Honda, BMW, etc) to come in and revitalize their economy. But just because they want it to happen doesn't mean that the U.S. government is going to support every effort that comes around.
In the same light, I am sure that there are many provinces in Vietnam that would love to have their economy boosted. But it doesn't mean that the central government will support every one of them.
On top of that, KBLB has genetically modified animals. That is a HUGE deal with many foreign countries. There are LOTS of unknowns with genetically modified animals. Imagine that one of KBLBs silkworms makes it into the general Vietnam silkworm population. And imagine that it spreads a new disease that wipes out that said Vietnamese silkworm population. You don't just bring a new organism into an ecosystem without making sure that there are safety protocols in place. And that is why Vietnam requires certain documentation (to make sure that it is safe to import genetically modified silkworms).
All we know is that KBLB is now 4-5 years into trying to get into Vietnam and it doesn't seem any closer now than it did 4-5 years ago (unless you consider that an ant climbing a hill is getting closer to the moon).
KBLB still needs to provide MARD with 2 things: (1) a biosafety certificate from the U.S. State Dept AND (2) a certificate from the USDA. Both of those docs will take a LONG time to get (if they can EVER get them). It looks like KBLB has been trying to get #1 (the biosafety certificate) since May 2016, but I have never seen any information from KBLB on #2 yet.
<< We currently show the figures below.
Outstanding: 1,055,279,527
Restricted: 21,490,723
Float: 1,033,788,804 >>
Yahoo Finance shows 793.48 million outstanding shares. That is a 33% difference. It says that they got that info from their most recent filing (which I believe was 3Q 2015).
Doesn't that mean that there has been dilution since then?
<< Where are the trees in this picture??? >>
Great question
VIETNAM IS A BUST!
To me, it looks like KBLB is aborting Vietnam. They seemed to hint at this in their latest newsletter when they said:
SilkRoad:
Excellent post.
I have one minor correction...