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*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
****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
<< MARCH 19TH 1ST DAY OF SPRING IN U.S.!!!! Let the Spring trials begin!!!!! >>
Trials cannot start until renovations have been completed. And that will probably take a while.
I am sure that Spring trials will turn into Summer trials, and then even possibly Autumn trials.
<< Did you miss it??? >>
I didn't miss anything because there hasn't been a Shareholders Meeting in almost 5 years.
In fact, in over a decade and a half, there have only been 2 Shareholders Meetings and both of them were called so that the Douchebag CEO could get something out of it.
In the 1st meeting he was able to sucker shareholders into giving him 2 super voting shares (worth 400 MILLION votes).
In the 2nd meeting (in 2019) he almost got away with suckering shareholders into reverse splitting their own shares but allowing him to NOT reverse split his own shares. That would have given him 90%+ control over the company in perpetuity. Luckily, I was able to expose his devious plan and save shareholders.
****** WHEN SHAREHOLDERS MEETING? ******
Annual shareholders meetings are required by law. They are vital because they allow shareholders to vote on important matters affecting the company, such as the election of directors and the approval of major corporate actions.
KBLB hasn't had a shareholders meeting since July 2019 (when the Scumbag CEO tried to scam shareholders into giving him over 90% control of the company).
That means that there hasn't been a shareholders meeting in almost 5 years.
According to the Securities and Exchange Commission (SEC), a public company MUST hold an annual shareholders meeting at least once every 12 months. The meeting must be held at a reasonable time and place, and it must be announced to shareholders at least 10 days in advance.
If a company fails to hold an annual shareholders meeting, shareholders can file a lawsuit against the company. The shareholders can also ask the SEC to take action against the company.
The SEC can impose fines on companies that fail to hold annual shareholders meetings. The SEC can also force the company to hold a meeting.
If you are a shareholder in a company that has not held an annual shareholders meeting, you can contact the company and ask why the meeting has not been held. You can also contact the SEC and file a complaint.
Here are the steps on how to force a stock company to have an annual shareholders meeting:
- Contact the company. The first step is to contact the company and ask why the meeting has not been held. You can do this by calling the company's shareholder relations department or by writing a letter to the company's CEO.
- File a complaint with the SEC. If the company does not respond to your inquiry, you can file a complaint with the SEC. You can do this online or by mailing a complaint form to the SEC.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1A (#15 from 22 Nov 2023):
That is always how the argument goes from the rah rah pumpers.
First, they refute the facts (eg, that KBLB has stated that more dilution is coming) and call people every name in the book.
Then when the facts are proven....
They then change the argument to something else, and claim that everything is great.
////////////
For dilution:
Realist: KBLB has stated that more dilution is coming.
Pumper: That isn't true. You are lying. You are twisting everything. You are a paid pumper. You are scum. You are a shorter and trying to cover. Your momma....
Realist: The documents have now shown that dilution has happened.
Pumper: Dilution is great. KBLB will now have more money.
LOL
////////////
For Patents:
Pumper: KBLB has patents.
Realist: No, they don't. KBLB's own documents show that they don't.
Pumper: No they don't. You are lying. You are twisting everything. You are a paid pumper. You are scum. You are a shorter and trying to cover. Your momma....
Realist: Anyone can see the truth online from KBLB and the patent websites.
Pumper: Patents aren't worth that much anyhow. They have licensing that is even better than patents.
LOL
////////////
For Commercial Production:
Pumper: Commercial production is coming soon. An announcement should be coming tomorrow.
Realist: No, it isn't. There is no proof of that.
Pumper: Yes, there is. You are lying. You are twisting everything. You are a paid pumper. You are scum. You are a shorter and trying to cover. Your momma....
Realist: A PR just came out that shows that all of the worms died and there will be no commercial production for a long time.
Pumper: You are stuck in the past. The future is what matters and the future of KBLB is "to da moon".
LOL
////////////
For the Douchebag CEO Dumping Shares:
Realist: There is evidence that the Douchebag CEO is probably dumping shares.
Pumper: No, there isn't. You are lying. You are twisting everything. You are a paid pumper. You are scum. You are a shorter and trying to cover. Your momma....
Realist: The 10K just came out and shows that the Douchebag CEO dumped millions of shares over the last year.
Pumper: Our perfect CEO owns those shares. He is allowed to sell shares anytime that he wants in order to support his family, and give to his favorite charities to save the world.
LOL
****BREAKING NEWS***DILUTION HAS STARTED****
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
Your record shows that your comments are pretty much worthless.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
KBLB just diluted another 5 MILLION shares yesterday (on 15 Mar 2024).
There was no warning and no explanation.
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
****BREAKING NEWS****DILUTION HAS STARTED****
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
<< I’m drinking the Kool-Aid AND I LOVE IT >>
They say that the high is always great. It is coming back down to reality that is the bad part.
Aww, is the poor little baby crying because the big bad Webslinger has been proved correct AGAIN!
LOL 😆
<< You said the “avg” notation in the trading indicated that kim was selling shares to fill his pockets… >>
Please re-read my post, because I never said that.
<< Now you say it was dilution…guess that means you were WRONG AGAIN… >>
Sorry, but that is incorrect and you are WRONG AGAIN!
It is the exact opposite, I have said that dilution is near and I was CORRECT AGAIN! Here is a refresher from the other day in case your memory isn't what it used to be:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174036481
I warned everyone that there was a reason for the rash of useless PRs that started in January (and that it wasn't to help shareholders).
<< you have no freakin clue if Kim is selling shares or not… >>
WRONG AGAIN!
There ARE clues, but AT THIS TIME there is just no way to prove it because the Douchebag CEO hides in the shadows like the coward that he is. There is a reason that the Douchbag CEO waited until January to start pumping PRs out every week.
****BREAKING NEWS****DILUTION HAS STARTED****
5 MILLION shares have been diluted over the past few days.
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
<< what do you think they have been doing for the last 3 months?…waiting? >>
Yes. The Douchebag CEO loves to kick the can down the road, and has been doing it for over a decade and a half (all the while stuffing money from shareholders into his pockets).
Why wait until the Spring? Why not just start trials immediately? The answer is because they are waiting for perfect weather conditions, and don't want the weather to kill their wimpy worms (which has happened time and time again).
<< I thought you said it was Kim selling his shares to fill his pockets?… >>
The Douchebag CEO has sold over 100 MILLION shares over the past decade.
Unfortunately, we won't know if he is selling shares now until Mar 2025 (about a year from now), since he is breaking the law and doesn't file the required SEC Forms.
The only lies are from the Douchebag CEO and his rah rah pumpers that make all sorts of ridiculous claims to try to pump the share price.
Anyone can see that there were 1,033,374,219 outstanding shares very recently.
Here is the most recent SEC filing from KBLB which shows that:
****BREAKING NEWS****DILUTION HAS STARTED****
5 MILLION shares have been diluted over the past few days.
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
<< I say by Friday we are close to .20 >>
WRONG AGAIN & AGAIN & AGAIN & AGAIN!
Not even close.....
<< What made you predict .20 for today? >>
He is referring to the prediction from EOT (one of many rah rah pumpers):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174022064
<< what production has been ongoing and since when? <>
That is easy - there has been absolutely NO commercial production from KBLB in over a decade and a half. There haven't even been any limited runs for a product. They have only created a few kilos of product during that entire time.
See my previous post for more details:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174047017
***** 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
<< While Wee and M and KBLB do not mention Spydasilk at all lately >>
That is correct.
KBLB hasn't mentioned Spydasilk publicly since September 2022 (about a year and a half ago). (KBLB did mention Spydasilk once or twice in Letters to Shareholders, but those are only sent to a very small group of people that have signed up, and are not posted to the public).
The deal with Kings / MtheMovement is obviously over. Some of the rah rah pumpers will argue that there are technically a few months left in the contract, but KBLB will never be able to produce anywhere near the amount of silk required for a clothing line. As a matter of fact, KBLB probably won't even be finished with the "Spring" trials by the end of the year.
I didn't leave out anything.
<< Kim Thompson is listed as one of the inventors on the patents that have been granted. >>
The Douchebag CEO is an individual. If an individual has a patent, it does NOT automatically extend to any company (including KBLB). As usual the Douchebag CEO stuffed his pockets, but left his shareholders holding bags filled with poop.
<< granted "EXCLUSIVE GLOBAL COMMERCIAL RIGHTS" >>
Once again, rights are not the same as patents. Those rights can be removed at any time.
There is a difference between a patent (which has been granted) and a patent application.
KBLB doesn't have any patents.
****DOES KBLB HAVE ANY PATENTS? (UPDATED)****
Despite the many false claims that have been made over the years, KBLB has absolutely NO PATENTS. (Of course the PRs are created in a way to make investors believe that they have patents).
The company itself plainly states that it has NO PATENTS in recent SEC filings.
These statements are from KBLB's most recent Amended S-1/A (dated 22 Nov 2023):
<< I find it odd that you highlighted the nominal adjective "production" instead of the noun it was modifying: trials. >>
That is how the Douchebag CEO and his rah, rah pumpers roll.
They use words like "ramping up", "doubling", "increasing", "planning", etc to make it seem like things are just around the corner, but here we all are a decade and a half later and there is still no commercial production. They haven't even created samples or a limited run yet.
<< They’ve made spider silk proteins but can’t make the silk. By their own admission even. >>
Huh?
Silk IS a protein.
Bolt has made plenty of silk. They have made ties, and beanies, Stella McCartney made a dress, and adidas made a tennis dress.
https://boltthreads.com/technology/microsilk/
<< Production quantities. Not sure how much clearer it can be. >>
When someone can read the ENTIRE sentence properly, they will see that the Douchebag CEO is "targeting", which is just another useless, forward-looking statement.
And when they inevitably miss the target, the rah rah pumper cult will claim that the Douchebag CEO was getting ahead of himself, and we should all ignore the past. LOL.
Wash, rinse, repeat....
*****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….
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):
***NEWBIES***
Run like hell from this ticker, and never look back....
For those that are new here, KBLB has almost 100 TRILLION authorized shares.
Yes, you read that correctly. That isn't a mistake. That bears repeating...
KBLB has almost 100 TRILLION authorized shares.
https://www.otcmarkets.com/stock/KBLB/security
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
Virtual offices are a very common tactic that many OTC stinky pink penny stock scams use (to make them look legitimate).
The address listed on their website AND on their SEC filings is:
It is the same old same old from the Douchebag CEO. ALL of those statements are forward-looking BS.
"we plan to make" - The best laid plans of Douchebag CEOs often go awry.
"Our goal" - Many have the goal of winning the lottery
"and is expected" - What happens when expectations aren't met? Wash, rinse, repeat....
"scheduled for spring 2024" - KBLB has been changing schedules for a decade and a half
"We are prepared" - Many are prepared to be billionaires
So, no, he didn't say that 2024 is going to be THE year. He hedged and hawed, but never committed.
<< Look! A time machine! >>
Yes, a time machine that shows a pattern of lies and failures for over a decade and a half.
But, yes, we all know.... This time is different.... LOL
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?
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC S-1/A filing (filed on 22 Nov 2023):