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I am not sure how you arrived at that translation, but here are translations from Google Translate and Bing Translate:
Google Translate to English:
16h L/v with KBL on hi-tech mulberry project
(https://translate.google.com/#auto/en/16h%20L%2Fv%20v%E1%BB%9Bi%20Cty%20KBL%20v%E1%BB%81%20d%E1%BB%B1%20%C3%A1n%20d%C3%A2u%20t%E1%BA%B1m%20c%C3%B4ng%20ngh%E1%BB%87%20cao)
Bing Translate to English:
16h L/v with Compact KBL on Mulberry high technology project
So that simply seems to be a calendar schedule for a meeting that was scheduled on 12 Dec 2017 between the local province (Quang Nam) and KBLB in regards to a "high-tech mulberry project". Since it was a meeting with the local province (who doesn't have much authority), it couldn't have been important (in the grand scheme of getting KBLB into Vietnam). I find it very interesting that they are calling it a "mulberry project" and not a "silkworm project".
16h seems to be the time of day (4:00 pm) that the meeting was scheduled.
<< And meetings have followed since October. >>
That seems to be a rumor.
If you have any evidence of that, please provide.
OK, thanks.
I see that KBLB prepared the biosafety documents and sent them to the State Dept (in May 2016), but I don't see that they ever got them back.
"Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Kraig”), the leading developer of spider silk based fibers, today announced that it has completed the biosafety and project risk assessment for its planned operations and subsidiary in Vietnam. These documents were prepared in response to a request from the Vietnamese government to help them better understand the new technology the Company plans to introduce. The Company is now waiting for document processing by the U.S. State Department and expects to send these documents to officials in Vietnam shortly."
(http://www.kraiglabs.com/kraig-biocraft-laboratories-finalizes-biosafety-assessment-for-vietnam/)
Since Vietnam was still asking for them in Oct 2017, it looks like they never got them back from the State Dept.
"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 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)
So (after a year and a half) it seems that they are still waiting on the docs.
KBLB DOWN ANOTHER 4%
It looks like shareholders didn't like the newsletter that much.
<< ARYC'S tweeted daily sales are running at about $6K to $8K a day. Given there are 250 business days in the year, even daily sales of $10K amounts to a paltry $2.5 million annual sales. >>
Sorry, but that is incorrect.
I have been tracking tweeted daily sales this year and they are currently running at $13,609 / day (and I don't remove weekends, holidays, etc). That puts them on track for $4.139 million this year. That # should increase over the next few months (since the beginning of January is usually a slow month for most businesses - everyone is just coming back from the holidays).
Those #s don't include large multi-year sales that occurred over the last few years. It also doesn't include smaller sales (since it seems that ARYC doesn't post sales under a few $1,000).
So my guess is that they are on track for $5-10 million this year.
Being that the market cap on this stock is < $8 million, the stock price is extremely low right now.
<< Kbl sent bio-safety and risk assessment docs to USDA in 2016... >>
I would greatly appreciate if you would provide evidence for that statement. I don't see anything listed in these forums or on the KBLB website that discusses the USDA at all.
<< the rest of that line reads "that the worms are edible and tasty" >>
Yes, I left that out because you purposely tried to add that ridiculous phrase to my words. And the answer is yes, MARD requires USDA certification, no matter how you try to twist my words.
<< but they are paying for what they are requesting. >>
Yes, and the Army hasn't received anything in return. I suppose you think that will lead to another contract. LOL.
<< kblb was granted verbal approval... >>
Yeah, the famous "verbal approval", which means absolutely NOTHING. Meanwhile, the meeting notes state that MARD denied them AGAIN. I think I will take the word of the meeting notes over some imaginary "verbal approval".
If they received approval, then why isn't KBLB in Vietnam yet?
<< do you see warwick weaving shoot packs?..no you don't>>
Yes, you are absolutely correct. But the reason that Warwick didn't produce anything is because they didn't even get enough fiber. LOL.
<< kim still wants them made though.. >>
No, the Army still REQUIRES them to be made.
<< school is out for the day >>
I really think you ought to go back for a while. You seemed to be texting during your previous classes and missed most of what they were teaching. LOL.
<< you want to know how that battle with the congressman goes?...rather than years, it ends in about 5 minutes...a general goes to see the congressman and tells him that if he gets in the way of the US military obtaining better personal protective gear for their hero soldiers who risk their lives while going into combat fighting for their country, hes going to seriously regret it...the congressman rolls over onto his back and pees on himself...
battle over in 5 min.. >>
Do you even live in the U.S.? Cause it seems that you have no idea how the balance of power works in the U.S. Congress is at the top of the pyramid (along with the Supreme Court and the President). Nothing is above them (except for the people that elect them). The President and Congress are in charge of the military.
"The Constitution also gives Congress an important role in national defense, including the exclusive power to declare war, to raise and maintain the armed forces, and to make rules for the military."
(https://en.wikipedia.org/wiki/Powers_of_the_United_States_Congress)
<< so in other words, there is no request from mard that kblb seek any ok from the usda or fda >>
Yes there is, you are just choosing to ignore it.
<< and the U.S. military is footing the bill.. >>
The Army paid KBLB about $1 million in a year and a half. KBLB spent about $6 million during that same timeframe. Do the math.
<< mard was told by the high level Vietnamese ministry to just get out of the way already.. >>
Please provide evidence for that statement.
It seems you just like to make things up as you go. Last time I remember you were arguing that KBLB doesn't need to deliver shootpacks anymore ("because they can change the contract anytime they want"). LOL. How did that turn out for you? LOL
<< mard wants usda approval?..lol..that was just a stupid request in the first place.. >>
It doesn't really matter what you think. In order to get into Vietnam, KBLB has to go through MARD. MARD denied them a few years ago, and MARD denied them again a few months ago.
"The definition of insanity is doing something over and over again and expecting a different result".
<< are you trying to tell me that if the army wanted to use kblb’s silk for ppe, the fda would step in?... >>
I never mentioned the Army. But since you brought it up...
Is it possible that the FDA or USDA could slow down KBLB (even if the Army was involved)? Of course! It is entirely feasible that a competitor of KBLB could call up a congressman or senator and ask them to look into the usage of genetically modified animals by KBLB. The Army isn't above the law. Could the Army push back. Yes, of course. But then that could lead to a legal fight that could last for years.
Personally, I think that since KBLB is using genetically modified animals, it is only a matter of time before some government agency (USDA, FDA, etc) steps in.
<< when it comes to legal issues, i’d have to say yes of course.. >>
Kim is a corporate lawyer and has absolutely zero experience with government regulation.
<< great...i still do not see where mard requested the usda confirm the worms are edible...you are the only one who says that.. >>
It is called context. In one sentence it says that MARD is requesting USDA certification. In the next sentence it says that they are worried that eating silkworms is very common in Vietnam and that they need to study the effects of eating genetically modified silkworms. The CONTEXT dictates that the two sentences are related, so it is pretty easy to tie the two sentences together.
But either way, MARD is still asking for a USDA certification. Does KBLB have that? NO. Have they even mentioned it at all in a PR or newsletter in the past 10 years? NO. So how long do you think it will take for them to get that? I imagine that it will take at least a year or so. It took about 20 years for genetically modified salmon to be approved in the U.S.
<< ...and the other article from "modern farmer" (lol) is about 4 yrs old and basically quotes musings from lewis about potential issues..he clearly had no real clue.. >>
So Dr. Randy Lewis, one of the inventors of spider silk, one of the people that holds a patent on the spider silk process, and one who worked on this tech for over a decade "has no clue"! Really!
Yet the CEO of KBLB, who is a lawyer and stock trader, and who puts out forward-looking statement after forward-looking statement does?
LOL
Can we at least be honest on this forum?
I guess the old adage "if you can't debate the facts, then just assassinate the character" are evident in spades on this forum!
<< I don't see anything that says mard is requesting that the usda verify that the worms are edible and tasty.. >>
If you would have taken the time to read the next sentence in the news article, you would have found:
<< Just because a cocoon is smaller does not necessarily mean it does not generate the same yield. >>
It is just basic physics. The circumference is directly related to the radius (C = 2*pi*r). So the larger the radius, the larger the circumference.
So the larger the cocoon, the longer the fiber will be. And conversely, the smaller the cocoon, the shorter the fiber will be.
It is common sense.
<< Please show proof that FDA approval is needed for Vietnam.... as this is not true >>
I got my government agencies mixed up. I meant to say USDA and not FDA. I apologize for the mixup. I tried to edit the original, but time had already expired for edits.
Here is a link to the Vietnamese news article that states that MARD (the Vietnamese Ministry of Agriculture and Rural Development) is requesting that:
KRAIG BIOCRAFT LABORATORIES GAINS CRITICAL APPROVAL FROM VIETNAMESE GOVERNMENTAL MINISTRY
Sorry, to disappoint, but that was the title of a KBLB PR dated 17 Oct 2017 (almost 4 months ago).
http://www.kraiglabs.com/kraig-biocraft-laboratories-gains-critical-approval-from-vietnamese-governmental-ministry/
Yet they still don't have approval to enter Vietnam.
WHAT A SPIN ON THE TRUTH!
They aren't anywhere close to receiving approval.
In that PR they also said:
"The Company is now working with its consultants in Vietnam to expedite final clearance and to answer any additional questions or comments from the relevant Ministry."
So they have supposedly been working with their "consultants in Vietnam" for many, many months.
They have been spinning Vietnam for YEARS.
There is NO WAY that they will be given Vietnam approval by the end of 2018. MARD is still fighting against them, and there is still no formal government process to bring in genetically modified animals into Vietnam.
Vietnam has also asked for a statement from the FDA that eating genetically modified silkworms will not harm humans. How many years do you think that will take?
And even if they do one day receive approval, they will still have to lease property, purchase equipment, hire personnel, setup equipment, start silkworm production, etc, etc, ad infinitum.
Yet some people on this board think that they will start commercial production in Vietnam before the Tet holidays (next week). ROTFL. You guys are a hoot!
<< The amount of fiber on a reel will be whatever the amount is they put on it. >>
I believe that the amount of fiber on a reel is the fiber that comes from ONE cocoon. If you are adding fiber for more than one cocoon on a reel, then you would have to tie them together with a knot. That knot would then show up in the final product. For a sample shootpack, the knot would also be a possible weak point (for stress testing).
Yes, I had that in my post.
In that same PR, they also stated:
<< WM does not work with cocoons. WM works with thread. >>
Yes, I am aware of that. I guess the point I was trying to make didn't come across.
The KBLB transgenic worms create smaller cocoons (than normal). A smaller cocoon will create a smaller amount of fiber (than a normal cocoon). That smaller amount of fiber will mean that less fiber is on a reel. So the reels / spools will contain less fiber. I believe this led to the issue what Warwick had. Warwick's machines probably needed reels that had much more fiber on them.
If you compare images of the KBLB spools to other images on the Internet, you will see that the KBLB spools contain very little thread.
Here is an image of a KBLB reel of fiber:
http://www.kraiglabs.com/wp-content/uploads/2013/07/spidersilk.jpg
And here are 2 images of a regular reel of silk fiber:
http://www.bigstoneinc.com/mc_images/category/image/White00.jpg
https://us.123rf.com/450wm/criminalatt/criminalatt1302/criminalatt130200043/17980223-gray-silk-thread-roll-in-silk-spool.jpg?ver=6
As you can see, there is a BIG difference in how much thread is on a reel.
Another Potential MAJOR Issue with Production: Small Cocoons
As most of you are aware, the latest newsletter stated that Warwick Mills could not produce the sample shootpacks because of the "small quantity of silk thread" that was provided. The thread was then sent to a "textile research facility".
Here is the exact quote from the newsletter:
<< IF the company could not mass produce at all, how would they make the shoot packs? >>
This has already been covered multiple times. Here is a reply from yesterday to this exact question:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138443978
In short:
- First, KBLB has NOT completed the sample shootpacks yet. They have been trying for a year and a half to create the samples and the jury is still out if they will ever be able to complete them.
- Second, even if they can produce the sample shootpacks in time, that doesn't mean that they can mass produce anything. Just because they can make a few samples, doesn't mean that you can extrapolate that to mass production.
If I can bake a loaf of bread in my oven, does that mean that I can now get a contract with Kroger to sell them a million loaves? The answer is obviously "NO". Making a few samples doesn't mean that you can mass produce.
<< Folks complained that there was no update on the shoot packs. Not only did we get an update, we got the month, even if it comes at the end of March. >>
We have already received a "month" twice before. They were called deadlines. The first deadline was Apr 2017. They missed that one by a longshot. It wasn't even close. The Army was gracious enough to give KBLB another shot and added another 8 months onto the schedule. That extended the deadline to Dec 2017 (and almost doubled the original timeline). You would have thought that would have been PLENTY of time. But no, KBLB managed to miss that deadline as well. At this point, you have to wonder what type of impression KBLB is forming on the Army (when they haven't made either of their deadlines). Now we have a 3rd "time estimate" - Mar 2018. I didn't call it a deadline because we have no idea if the Army has agreed to it. If the Army agreed to it, then there should have been a modification made to the contract and I don't see one yet. I doubt KBLB will be able to make that "time estimate" either, but we will see. Time will tell.
<< We need to lose the "can't mass produce" line. >>
Sorry, but I have to disagree. It is THE main issue with the company and the (lack of) product.
It took KBLB one and a half years to try and create enough fiber for the sample shootpacks. The shootpacks were not made from some newfangled tech that KBLB didn't have. KBLB already had DragonSilk before the Army signed the contract. They didn't have to customize the fiber at all. The Army simply asked KBLB to produce enough DragonSilk to create a few sample shootpacks. They were given 10 months. KBLB agreed. Yet in over one and a half years, they still can't seem to get the shootpacks made. The latest newsletter even states that Warwick couldn't create the shootpacks because of the "the small quantity of silk thread".
I am pretty sure that Warwick must have told KBLB how much fiber they would need to produce the shootpacks. And I am sure that Warwick adding an extra amount to that figure. Yet there was still a "small quantity". Why? Why wouldn't KBLB just send 2x or 3x as much fiber as Warwick requested (to make sure that there were no issues)?
On top of that, there are consistency issues (and have been for years).
Yet you want to claim that they can produce any amount of fiber at all. Really? They can barely produce enough fiber for a few sample shootpacks. Yet you are ready to claim that they can make millions of pounds for a commercial enterprise.
<< Anyone who wishes to argue would have to explain the difference between 1 pound and 100 pounds that would make the 100 pounds impossible. >>
Just because I can grill up 10 burgers on my grill doesn't mean that I am now ready to sign a contract with Walmart and sell 10 million burgers. There are obvious logistics issues that need to be dealt with before going from 10 burgers to 10 million.
If they can produce boatloads of fiber, then why haven't they? Why not just keep making it, and then find buyers for it later on. After all, it is the best thing since sliced bread, isn't it? They should be able to find loads of customers, shouldn't they? Sports apparel companies, military protection companies, medical companies, etc should be clamoring for this stuff.
So the obvious question is "why haven't they produced boatloads of the stuff"? And the obvious answer is "because they can't."
<< I suggested to Ben, that KBLB join forces with the ARMY scientists,as they have technology that isn't readily available to the public at large.... >>
I agree. I think that a CRADA (cooperative research and development agreement) with the Army would be great. But I don't know if they have the financing to last as long as they would need to finish.
They really need to create a product and sell it to someone. Or at least create some samples (hats, ties, gloves, socks, underwear, whatever) to generate some interest and some good PR.
<< So why are you here? Hoping to scare someone into selling at distressed prices so you can get in cheap and recoup your losses? Only reason that comes to mind. >>
I already answered your question in my previous response to you (in post #133029).
But for your convenience, I will include it here (again):
"I still follow the board hoping that things will change, since I love the idea behind the technology. If things do change for the positive, I might invest again. But at this point, the share price is going to continue dropping. The bottom line is that they have NO means of generating income. The only customer that they have had in 10 years is the Army and that was just a 9 month contract (which has now turned into about 1.5 years). And there is a good chance that might lose the Army as a customer (since they have missed the 1st delivery 2x)."
I'm not looking to "scare" anyone. I don't come up with crazy theories like many others here. And I always try to provide evidence (from past PRs, newsletters, etc). I just can't stand when people craft all of these "theories" and try to turn something that is obviously bad into something that is sugar-coated. Like saying that KBLB doesn't need to deliver the shootpacks. Or that Warwick Mills is still the weaver (even though the most recent newsletter stated otherwise). Or that they will be in Vietnam before the holiday (in less than a week). It is like stepping in poop and then saying "Wow, manure! Maybe I can use this for my garden!" LOL. For example, to say that the recent newsletter was good is ridiculous. There was NOTHING good in that newsletter. They still haven't delivered the sample shootpacks, they don't have new financing, they still haven't been allowed into Vietnam, ad infinitum. The newsletter was just fluff and contains forward-looking statements.
<< So if that theory is right then why the delay?
Why is this taking so long. The fiber has been available to weave for MONTHS. >>
Great question. If Warwick still has the fiber (as proposed), then why haven't they delivered the sample shootpacks? What is the holdup?
<< IF they can produce THE custom fiber the army requested AND be able to mass produce it as a quality consistent fiber, then i would say it is a 99.99 percent guarantee they would sign a new contract with KBLB. >>
Those are 2 BIG "ifs".
First, we have no idea if KBLB can pull it off and create the custom fibers (to the specs) that the Army requested. They say they can, but they have said a LOT of things over the years.
Second, at this point, KBLB cannot mass produce fiber at a consistent quality. And they have stated so a few times over the years.
But yes, "if" they can, then the Army might sign a new contract.
<< How would they have shootpacks next month without the ability to produce? >>
When most people talk about production, they aren't talking about making samples. They are talking about making large quantities of product.
The shootpacks are samples (to be sent to the Army for testing). They aren't making a million shootpacks (or even a thousand or a hundred). They are just making a small quantity.
But the big elephant in the room is that KBLB hasn't even been able to produce a few sample shootpacks in a year and a half. Think about that for a while. They had a year and a half and they can't produce a few product samples. If they were able to commercialize their product, then that should have been able to whip up a few samples in no time. As a matter of fact, they should have had sample fiber stored in their warehouse somewhere in case anyone ever asked them for a sample. Yet here we are a year and a half later, and they still don't have a few samples that they can send to the Army. That is a HUGE red flag to me.
Yet there are people on this board that continue to claim that KBLB can commercialize and create large quantities. That makes absolutely no sense to me. They can't produce a small quantity of fiber to produce a few sample shootpacks, but they are somehow ready for commercialization? That makes no sense whatsoever.
Others will say that they need Vietnam for commercialization. Why? Is commercialization impossible in the U.S.? You should be able to commercialize from anywhere. It might cost a little more in the U.S., but so what? You just charge a little more until you can bring costs down.
KBLB has openly admitted multiple times to consistency issues with their fiber. In their latest PR, they mention "genetic drift". In their latest newsletter, they admitted to having a "small quantity" of fiber for shootpacks (that was too small for Warwick Mills). Yet it took them a year and a half to produce.
Isn't it blatantly obvious that they CAN'T commercialize just yet (and that it isn't in the near future)?
Finally, I seriously doubt that they will have the shootpacks ready next month. Warwick Mills hasn't been able to create the shootpacks in over 6 months, but this new company will do it in a few weeks. Yeah, sure. LOL
Are you saying that it is guaranteed that the Army will create another contract with KBLB (if they deliver the stootpacks and custom fiber)?
IMO, I don't think anything is guaranteed. I think that it is very possible that KBLB makes the delivery and then the Army doesn't see what they are looking for and moves on. This has happened many, many times with Army contracts. The Army takes a shotgun approach to finding new tech. They basically will fund many, many companies looking for potential. But they will only create large contracts for those that look especially promising.
The big question is will KBLB have that extra special something that the Army is looking for. At this point, I would have to say no. But time will tell.
The latest newsletter seems to indicate that Warwick Mills had an issue with the quantity, but I think something else is going on here.
"A review and discussion in late December / early January between Kraig Labs and the textile mill that was scheduled to produce the shootpacks determined that the large scale production looms at their facility were not ideal for working with the small quantity of silk thread for these shootpacks. As a result of discussion with the textile mill, the spider silk thread has been sent to an alternative textile research facility. This new facility has the equipment to produce narrow warp woven fabrics needed for this project and the capacity to take on the work."
As others have stated, Warwick Mills had previously used small quantities of fiber to produce one glove for KBLB.
Could it be that the fiber was sub-standard (ie, not consistent in its properties)? Maybe the fiber that was delivered to Warwick Mills was part of the "genetic drift" that was mentioned in the latest PR?
<< ...maybe you should follow your own advice .. whoops do you have shares?? >>
I would appreciate if you would be a little more civil in your responses to me. I understand that you are frustrated with KBLB, but please don't take it out on others.
Yes, I did follow my own advice. I got in last summer after a friend told me about the stock. The technology seemed very cool. But over the months, I did my DD and found that KBLB was only selling hope (and they didn't actually have a real product). But despite that, I still held onto the stock for a few more months "hoping" that things would change (sort of like many on this board). But once (1) they couldn't deliver the shootpacks (for the 2nd time), (2) a news article surfaced that showed that MARD had once again denied KBLB from entering Vietnam, and (3) someone showed that there wasn't even a process in Vietnam for transgenic animals, I decided to sell about a month or so ago. Unfortunately, I had to take a loss on the stock when I sold.
I still follow the board hoping that things will change, since I love the idea behind the technology. If things do change for the positive, I might invest again. But at this point, the share price is going to continue dropping. The bottom line is that they have NO means of generating income. The only customer that they have had in 10 years is the Army and that was just a 9 month contract (which has now turned into about 1.5 years). And there is a good chance that might lose the Army as a customer (since they have missed the 1st delivery 2x).
Even if the shootpacks are finally delivered and / or the custom fiber is ever delivered, I don't think that will change anything (since all it does is complete the contract that has already been paid for). The only thing that will change the downward motion of the share price will be if they either (a) get another Army contract or (b) get a customer to buy their product. I don't see any of those things happening this year (since they can't seem to produce fiber in quantity).
I believe that the University of Notre Dame holds the patent and KBLB "has an option for a global exclusive license to use the technology commercially"
https://www.google.com/patents/EP2621957A2
http://www.kraiglabs.com/kraig-biocraft-laboratories-announces-patent-filing-on-artificial-spider-silk-breakthrough/
So basically, Notre Dame did all of the hard work and KBLB is trying to use their hard work to make money. The problem is that KBLB hasn't done much of anything to further the technology in 10 years.
<< Silk kinda answered it with discussions of Kim keeping things in the lab and not rolling out something tangible. >>
I disagree with that statement. I believe that there has been plenty of evidence over the years to show that KBLB simply cannot produce large quantities of material. They can't even produce enough material to create a few sample shootpacks for the Army contract (and they have had over 1.5 years to do so). If they can't even create enough material for samples, how can they produce enough material for anything else.
So I don't think that KBLB is choosing to stay in the lab. I think that they are forced to stay in the lab because they can't produce.
I find it absolutely amazing that people will take forward-looking statements as if they are a fact! Unbelievable!
"New transgenic plasmid designs have been created by our in-house staff and those designs are in process now. The Company hopes to begin microinjections of these new designs in the first quarter of 2018"
"We look forward to receiving the finished woven fabric in March and plan to share images of these first woven samples of recombinant spider silk with you"
"the Company is currently working to update its investment authorization documentation ahead of the TET New Year celebration" (Feb 15th)
"The Company expects to make a key decision in the first quarter of 2018 regarding this proposal and will determine the best path forward with this offer"
Don't people understand that this is exactly what KBLB has been doing for 10 YEARS!
You are totally correct. But the fact that Warwick (who is one of the best in the industry) had issues with the thread is a big red flag to me.
As usual, the newsletter was a complete bust
There was no surprise. There is nothing of promise. If someone finds anything of promise in that newsletter, then they are fooling themselves.
I feel very bad for shareholders (especially those that have been with the company for a long time or those that have significant investments).
There is nothing in the near future (i.e., 2018) that will stop the share price from continuing to fall.
Everything is still a pipe dream:
- the sample shootpacks
- the custom fiber
- Vietnam
- production
- financing
- customers
KBLB hasn't delivered on even ONE thing in 10 years.
The stock has been on a consistent downward trend for about a year and has lost over 50% of its value (and all this while the market in general has gone up dramatically during that same timeframe). Trends don't change without big news. It is obvious that there is no big news coning any time soon.
My suggestion would be to get out as soon as possible. If things get better, you can always get back in later.
<< Guess votes were only for those in attendance. >>
You can usually vote either while in attendance at the shareholders meeting, or by proxy by mail (you should have received something in the mail). If you attend the meeting and don't send in a proxy, then your vote will go to one side (either for or against). It should say which side your vote goes towards in the letter that was received in the mail. In this case, I imagine that the votes for everyone that didn't vote went towards passing the 2 super shares.