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<< Do you not understand why companies go public? That would mean they’ve pissed away all their private equity and now are desperate. >>
****NEWS FLASH: KBLB IS A PUBLIC COMPANY**** 😄
<< most people raise silkworms by taking advantage of kitchens, pig pens, and barns >>
KBLB's silkworms would just commit suicide under those conditions. LOL.
<< Raw silk prices have cooled slightly, from 63 USD/kg to 61 USD/kg. >>
At those prices, KBLB will never be able to make a profit in the next few years.
****NEWS: < $6000 TOTAL TRADED TODAY - PATHETIC****
Nobody gives two turds about this POS stinky penny stock.
<< they made 25 kilos 3 months ago … >>
WRONG AGAIN!
More like 15 kilos over a decade and a half for $50 MILLION.
<< that was determined to be of great quality … >>
WRONG AGAIN!
That is just more rumors and innuendo from the rah rah pumping crew.
<< And then they just stopped to play checkers for 3 months while waiting for some trial of another worm?…because?????.. >>
Because that is the MO of KBLB and the Douchebag CEO.
They have been "playing checkers" for a decade and a half.
And they were waiting for homozygosity of both parents.
And they are waiting for the renovation to be completed......
And they are waiting for the business license....
And they are waiting....
The only failure is your ability to comprehend a question as opposed to a prediction / statement.
<< What's going on Quang Nam production? >>
They are waiting to find out what happens with the upcoming trials of BAM-1, and the facility for the upcoming trials are currently being renovated.
<< the company has used the word "production" to explain varying degrees of their development >>
So instead of saying that they are ramping up "development", they instead lie and say that they are ramping up "production"????
That is called FRAUD.
And they have been doing it for over a decade?????
WOW!!!!!
<< That could be the contract coming soon. >>
Your record shows that your comments are pretty much worthless.
<< Which silk has been in production since December and will that production stop? >>
There has been NO commercial production over the past decade and a half. (The rah rah pumpers will claim that DS has been in production, but KBLB has tried to commercialize DS for many, many years, and every time the silkworms have all died and it has been a complete failure. BAM-1 is a hybrid of DS and mundane silkworms and is "supposed" to remedy those failures.)
When KBLB uses the word "production", they are using it in the most minimal sense (eg, a thread was produced), to try and fool investors.
That is why they have been using the word "production" constantly for over a decade and a half, yet haven't been able to produce more than a few bags of silk.
See my previous post for more details:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174093019
<< Who would be purchasing this silk? >>
Supposedly Kings / MtheMovement, but they have probably moved on to other endeavors.
<< What is bam-1 going to be used for? >>
Supposedly high-end fashion.
***** 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 few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
<< nobody else is even close >>
Including KBLB.
<< Kim and his arachnoids will never produce enough webs to actually sell. It took him a decade to collect just enough for my grandma to knit an afghan. >>
It actually took over a decade and a half.
<< There is confusion here with the Spring Trials. >>
The only confusion is on your part.
<< The only said they expect it to serve as the operational center for the spring trials >>
An operational center = a center of operations.
Therefore, they expect the new Lam Dong facility to serve as a center of operations for the spring trials (once they have finished renovating it and obtaining a business license).
It can't be any clearer than that.
Is this saying befitting of the 69-year old sub-contractor:
<< There’s no way the biggest Kong is going to Vietnam and not coming back with big news. >>
Hasn't the Douchebag CEO been to Vietnam before many times? Because I don't remember him bringing back any "big news".
But yeah, we know, this time is different....
LOL
<< You originally said this was just a storage shed. >>
Sorry, but I have no idea what you are talking about. You must be thinking about someone else.
<< Both can be submitted and approved on the same day. >>
Whether something can be done quickly or not has nothing to do with KBLB.
They got the Lam Dong facility sometime before early February, and yet here we are about 2 months later and they are still preparing the application.
<< now you believe trials are being held at Lam dong facility? >>
I'm not sure where you got that. I have said multiple times that trials will not be held for a long time (because they still need to renovate the facility and obtain the proper business licenses).
If you are asking where the (supposed) Spring trials will be held, KBLB has said that will take place at the Lam Dong facility.
<< People will believe what they want; >>
Most of the rah rah pumpers don't believe any of the BS coming from KBLB. They just act like they do and lie to pump this worthless POS penny stock.
<< new location...new worms...new facility...new contractors... >>
And that is how many scams work. It is called the shell game.
Once a scam can no longer use the current location....worms....facility....contractors....
they start fresh all over again (in order to give hope)....
They have moved from Indiana to Michigan, and then went to Quang Nam, and then moved to a new facility, and now are moving to Lam Dong.
And during that entire time, they haven't really done a damn thing (except stuff the Douchebag CEO's pockets full of hard-earned shareholder's money).
Wash, rinse, repeat....
But yeah, let's ignore all of that history, so that we can continue to pump this worthless POS penny stock.
LOL
<< no one was ever "lied" to... >>
Of course they were. Many times over.
If someone says something and it turns out to be false once, twice, maybe three times, then that could be forgiven.
But when they have done it consistently for a decade and a half, then it is obviously lying. And to think differently is to just to put oneself in denial.
<< and the reason people are believing is because, SEEING is BELIEVING >>
Seeing what? Some fantasy that the company is spinning?
There is still no commercial production, no contract fulfillments, no deliveries, no revenue, etc.
But yeah, this time is different. LOL.
Please just admit that the reason that you are pumping is because you will do anything (including lying) to pump this worthless POS penny stock.
<< not in process but EXPECTS it to be ready >>
So even the Douchebag CEO has "EXPECTED" things to happen 100s of times in the past, and nothing of significance has ever come to fruit, this time is different?
LOL
Did he pinky swear?
LOL
FYI - I hope you realize that "expects" is a forward-looking statement according to KBLB's own PRs:
<< I can only go by what KBLB has said. >>
I am amazed at how someone can be lied to again and again and again over a decade, and yet still believe anything that they would say.
<< It comes down to the spring trials. >>
Those "Spring" trials will probably turn into "Summer" trials, "Autumn" trials, etc.
There are at least two big issues that prevent them from occurring anytime soon.
First, the facility where the trials are supposed to take place is under renovation.
<< If you have silkworms that can produce some form of spider silk, then produce. If you're having a "trial," it implies you don't know if they are viable or not. Otherwise, call it Stage 1 Production. I read "trial" here as being from the same thesaurus entry as "ramping up," "getting ready to," "planning on," "launching," etc. >>
Exactly!
Great post.
<< They are producing now and have been since December. >>
There is NO commercial production. KBLB has stated so in their PRs multiple times.
For example, this statement by KBLB says that the are "in the process" (which means that they aren't there yet) of "ramping up ....trials".
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 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
NEW: 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
NEW: 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….
****5 MILLION SHARES DILUTED****
5 MILLION shares have been diluted.
Outstanding shares are now at 1,038,374,219.
They were previously at 1,033,374,219 shares.
https://www.otcmarkets.com/stock/KBLB/security
<< spring production news. I believe that will be on Monday. >>
WRONG AGAIN & AGAIN & AGAIN!
No production news yesterday and none today.
<< Might be best to temper expectations. >>
Thanks for being a voice of reason (amongst all of the rah rah BS that is posted all of the time).
KBLB has been (supposedly) "ramping up" for about a decade and a half, and they still don't have a commercial product.
Here are just a few of the MANY, MANY examples of their (supposed) “ramping up”....
<< KBLB has proof. >>
No, they don't. Just because you can create a few threads in a climate-controlled, clean lab doesn't mean that you can do the same thing out in the field for commercial production.
<< Ever-elusive they/she were/was. >>
The same is true of the Douchebag CEO. He has hidden many things over the years, and has lied constantly over a decade and a half.
<< in order for kblb to be a scam, that would mean there is no hope >>
WRONG AGAIN!
It means that the people running the show know that they are duping people and committing fraud for personal gain.
If Theranos would have been allowed to continue their operations for another decade or two, would it be possible to do what they were claiming? Maybe. But that doesn't mean that it wasn't a scam for a long time before they got lucky.
<< Dr Kumar is ABSOLUTELY one of the people who would know...he is an EXPERT in all aspects in the field of sericulture >>
Dr Kumar's resume doesn't include anything about transgenic / recombinant silkworms. So he is missing a HUGE piece of the puzzle in regards to KBLB. As such, there is no way that he can know if what KBLB is trying is achievable.
Your record shows that your comments are pretty much worthless.
<< after working at kblb for 5 months, Dr Kumar WOULD KNOW if kblb was a scam... >>
That is nonsense.
There were over 800 employees at Theranos. Many of them had worked there for a long time. Did they all know it was a scam? Of course not. And out of all of those people, how many were indicted? Only 2. Elizabeth Holmes (the founder & CEO), and Ramesh "Sunny" Balwani (the president and COO).
So to think that some sub-contractor that is only working on specific things is going to know everything about a company is ridiculous.
****5 MILLION SHARES DILUTED****
5 MILLION shares have been diluted.
Outstanding shares are now at 1,038,374,219.
They were previously at 1,033,374,219 shares.
https://www.otcmarkets.com/stock/KBLB/security
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
<< Dr. Kumar has been involved with Kblb for 5 months… He is by now, quite knowledgeable about Kblb and all of its workings as any insider could be… >>
Dr Kumar is not an "insider". He is a sub-contractor. He therefore doesn't know "all of its workings".
<< if Kblb is misleading investors >>
There is no IF. KBLB has been misleading investors for over a decade and a half.
<< you are implicating Dr Kumar as an integral part of the misleading >>
First, I never said that.
Second, my point is the exact opposite of the BS that you are spouting - that many people can be involved with a company, even very closely, and not know that it is a scam. FTX and Theranos had many people working for them. Theranos had over 800 employees. FTX had over 300 employees. But only a very small handful knew that they were scams.
<< I dont see any major competition. >>
KBLB has stated many times that Bolt Threads, Spiber, and AMSilk are competitors.