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I’m adding here. Not selling. There is another leg up coming from this news. Let’s see what happens at $.07. My guess is that if no further news then it won’t be able to get through. We’ll see. Sometimes, the “rumor” (of actually seeing real top line numbers) spreads and that’s enough. Risk / reward to $.10 is very, very good here.
Banana,
There are always two sides to the coin of trading. You are talking about fear of missing out (FOMO). That’s fine. But, I guess you have no concern for losing ALL your gains and investment in KBLB. This can happen with your all in or nothing approach. What I am speaking of is trading around my core. Right now, I have about 1/2 the shares that I would like to have but I have twice the shares that is to stay as my core to 20x from here. The core that I would retain to 100x from here is about 1/2 that. And beyond that 1/2 again can go to buy out or bankruptcy or heirs of KBLB.
I am happy to trade this way and add more at lower prices because I know this stock will have more 60% to 90% peak to troughs no matter how good the company’s news of progress is. You can see this in even the best company stocks going back in time.
The places I am looking at in the first stage are historical points of resistance and support for the share price of KBLB. First, step is 3x for 1/3 to 1/2 reduction. I don’t have limit orders on so the stock can soar higher if it please. If I am wrong say and sell at 3x but I don’t ever see this say 50% pull back to add more. I am happy to leave core on to 20x and remaining core to 100x. Regardless there will be pull backs. So profits will be taken and less $s for more shares. For instance, I sell 100k x $.20 = $20k. Then, I buy back 150k x $.10 = $15k. So, I have more share to go higher than if I simply held plus I have recaptured $5k of my initial investment which can never be taken in a KBLB bankruptcy. You can do this recapture all your initial investment and more. Then, feel comfortable letting the rest ride to higher levels.
Hope this makes sense.
“but I should have my dime (or more) by then..”
So, you’re saying there is a chance for a couple dimes then? :) Or maybe just a dime and a nickel?
How do you plan to play that? Limit orders for some at .10 and some at??? Or watch and see how high the rocket ship flies and pull the rip cord on the way down a little bit after gravity takes hold?
Is Kim’s wife from Vietnam originally? I seem to recall that. Just trying understand the relational implications here. Mojo has a point as far Vietnam goes. They hold all the cards. And KBLB show us yours and will decide if we let play in this game here. And, if so, to what degree as long as it primarily benefits Vietnam. The Chinese have to be no concern here, IMO. Vietnam will safeguard for their own benefit.
Will be interesting to see how this plays out.
There is nothing in this PR to change the share price or low volume. Seems to be throwing a bone only to believers in KBLB if they want to buy more at these low prices before bigger news comes. But, I didn’t see enough volume today even for that. If we drift into the low .04s before the next PR, I’ll look at picking up a little more. Otherwise, hold pat and be patient. When we do get a PR that shows actual progress regarding production, this will move the pps, but should lighten in the mid-.06s if we can’t make a clean breakthrough of .07. If PR comes with a contract and/or contract renewal from Army, buy and keep buying, lighten up some in .09s and .19s. Cost average of sales above .15. Look for pull back to .07-.11. Buy more in that range. Then, settle in for liftoff. :)
Eggs in Vietnam with some further news of production actually started = 6 to 7 cents range again
Army contract with XX million = north of 10 cents
Continued evidence of mass production and other contracts = north 50 cents and potentially north of $1
I like the risk reward.
Doesn’t matter where a stock has been. Matters where it is going.
Was waiting to see if apathy would lead us a little lower. Or, if real news, I would put a little to work and chase by buying below $.06 (if I was timely enough to get it before a big move as it was starting off the big news) to sell some higher positioned shares that are just above $.06 that I bought this summer. The fundamentals right here are very compelling. I’m never betting ‘the farm’ on a spec though. So, I have think how much more about how much I really want to put in play. For me, there is certain amount that will only be sold at 3x, 20x, 100x higher. Perhaps, some will not be sold. Most likely 30k - 100k shares would not be. I can make some judgements depending on the companies progress and stocks movements. There is no sale for loss to date and not ever intend to be any. So, the eventual outcomes of sales of company or bankruptcy are the only outs besides perpetual success in my view for some shares at least as long as I am alive. :)
‘Hiding out’ in KBLB! Feels pretty good right now. ... and cash. :) Been considering putting more money to work in KBLB right here but not pulled the trigger yet.
Hey Mojo, how about a little love for Jon Rice? Perhaps, he is running this ship really. :) If so, even the genius CEO, who you characterize so poorly, won’t be in the way of KBLB’s success. I don’t hear you ripping on John. So, perhaps, you can see some good coming from his work.
Like I said mojo ... it is the starting point you look from for KBLB. If you go back a little further, it was below $0.01. That’s more than 5x higher. If just summer 2016 before the contract with Army announcement, it was below $0.02 and traded nearly down to $0.01 right before. That 2x to 4x now.
The market hasn’t done that since 2016. Some individual stocks but not NFLX. Ask the guy that bought NFLX at $423 early this summer how he feels about being down 37%. But, of course, it only matters where a stock is going, not where it’s been. I will take holding KBLB over NFLX to 2020. KBLB could potentially be more than 10x higher from here. And a NFLX investor would hope for 2x. I like the risk / reward with KBLB better.
Of course, you can find plenty of examples like NFLX. I was trying to compare apples to apples, not apples to oranges. NFLX was never a pre- revenue biotech. Compare KBLB to AEZS, has finally got to market. Go back 9 years and see the obliteration of any investment made back then if held until now.
It also depends on how you have purchased KBLB and sold it over that period if any. We have had a few moves to $.10 or close to it and drops even back to $.01. And more between $.03 and $.08. If you held that hole time but bought more at the low points, then you should be cost averaged in at a profit but, if you also sold above $.06, you have done even better. There are other publicly traded prerevenue biotechs that haven’t allowed for such but instead went into perpetual abyss through excessive spending and dilution and reverse splits.
Banana,
All that counts is market cap, which KBLB’s sits at 40m. This is because shares outstanding effects prices. So, a company can reverse split and get the $ per share up. So, just look at market to compare. For instance, AEZS sits at 60m ($3.66 / share) which is a biotech with recent 2x plus due to cash on balance sheet and no debt plus has approved drug gone to market through licensing. But it’s share price was obliterated through reverse splits and continued dilution over years due to all the spending. Talk about a company that didn’t give a rip about investors. Their potential now is about 5x with a buyout. Nothing like KBLB. We should be thanking Kim for his frugality to a point I know that he should have pulled the trigger sooner but some should realize many pre-revenue biotech destroy shareholder wealth long before they can actually make it to market. I am thankful to Kim for that at least. Another tech medical company CFMS is 32m with trading $0.51 per share. This one has revenue just not enough for their spending. So, again, Kim needs to keep costs within reason so that revenue growth justify a higher share price. Even if costs are higher shareholders need to by the story like AMZN sold investors for so many years. At any rate, we heading higher. How much is depend on how well run it is. Hope Kim doesn’t go for a quick buyout.
It’s going to be amazing! Col317 hope you enjoyed your Thanksgiving! All the best! Go KBLB! Like a rocket ship to the moon! No more gravitational pull. It’s coming!
Always informative, Truth! Thanks. Hope you had a blessed and happy Thanksgiving Day.
I agree. Hope you had a great and happy Thanksgiving, banana.
This news should have moved the pps more. Will be interesting to see what movement we see in the next couple days. I would think higher but skeptics abound. So, may need to see Army contract or some other contract to see this move back above $0.06. This is good news, and it does mean more to come.
I believe that if this news would have been timed 2-3 months ago, the pps would have banged off $0.10 before coming back to the $0.07s. That’s a pity except for those buying in the $0.04s
0.02 flat here. Wish I’d kept and sold at $0.09-$0.10 and then repositioned back at $0.03. Instead, I sold most for around 0.04 on the way up and hold what’s left to help my cost average. :)
From what I’ve seen declared on here, I haven’t heard more than 1.6 million shares. Don’t know their cost basis but it looks to me like it won’t effect them much if they lose it. Just a nicer retirement to enjoy if the ps does what we think it can once KBLB gets to full scale production. I have less than 3% of my net worth here. So, I wouldn’t cry too much ... on the flip side, it just might help to retire a little earlier. KBLB’s current market cap is about $40 million. If you look at some recent stocks that have gone ballistic, AMRN, MRTX, HEAR, you can see the potential. KBLB went from $0.01 to $0.10 on tue Army contract news two years ago. You do the math once the Army issues and new or amended contract increases the $$. I would hate for you to be out once that news hits. In a prior post, a competitor was said to be valued at $700 million. That’s nearly 18x from here. They haven’t produced more than a couple samples either. KBLB method of production using genetically modified silk worms is drop in to the current method of silk production. Theirs is not. If KBLB succeeds, we talking transformational to all silk production. You should have some shares on that you will hold to certain levels. Trade the others as you prefer.
Get them while they are cheap! We are probably range bound between $0.04 and $0.07 until bigger news like a Army new contract. Q report gives enough to hold this ground. Will probably need some more progress news that sounds really good in order to break through $.06 again... (as recent news has only allowed for small sales between $0.055-0.059) ... news like Vietnam or more definitive numbers achieved in volume growth on US pilot side.
Mojo, I agree. I think that is what it was back when 5+ million shares traded. He was selling his own shares and loaning KBLB the money. Also, I think this process of charging interest is a necessary thing for US GAAP standards. So, 3% is fair. I’m glad it wasn’t dilution. It does say to me that Kim believes he is close. I would think a new or extended Army contract to fund the next phase. This will get you your $.10 easily. I would guess it probably makes it to $.15-$.25 off that news and then crashes back to $.08-$.11 (resistance becomes support) before climbing on further reports of progress. So, it looks like 2019 for this move.
Enjoy reading all the posts. So, this is purely a speculative fishing expedition as you all should know. Some are fishermen here continuing to cast their line in hopes of the Big Catch and others would be happy with any size fish well maybe at least a dime size one. ;) And, others are fishermen that gave up and went home only to return to complain about the fish they never caught and to try to dissuade other fishermen to give up and stop wasting their time. There are other places to fish that are better they say. And, all the while time passes... but the fishing here requires patience. So, there is no substitute. The biggest of fish can be reeled in with ease but it is just so hard to catch. Yet, there is better bait now that the bigger fish like! It’s coming soon some say. But skeptics mock. This show will play out but the end game will be sooner than some think and not soon enough for others but it will come. It will come! ... And, even if it doesn’t, it was still better to a fishermen than a skeptic. :)
It’s better to have played the game and lost than to have sat on the sidelines mocking the participants. They never played or did play and lost only to cry over their undisciplined decision to sell and walk away with less.
This is in fact great news if you accept what is being told about progress here with the Army is true. The rub is in how much to believe. A new or extended contract from the Army would be proof of course. This would then require no faith would send the pps souring. The dilemma here when trading is how long will this news be or possibly some news about Vietnam that sends the pps northward while you are in cash. So, my belief is to stay largely vested and even add more until we get north of $.15. My guess is the news of financing or an Army contract will do this. The news from Vietnam is priced in somewhat. News there may get us back to $.07 or even sniffing at a dime depending on how good that news is.
I would say that there is almost no correlation to the market. Mojo, I think, noted a potential correlation for selling. But, Bananarama is right in that if look at the movements they are largely based on relevant news of progress and no news / bad news regarding progress and can largely be uneffected by the market’s swings.
Does anyone know for certain what the Army can or can’t do as to prepaying for orders? Have they done this in the past with any contractors? Wouldn’t the military be doing that with Lockheed Martin say on a new prototype fighter? If so, I think Kim is probably banking on it.
Curious to know...
I have a friend more frugal. He did a couple land developments and stopped. He is a millionaire... barely. But, still lives almost as frugally as before. He can live on his $800 from SS. He could have been a hundred millionaire or close to it by now if he would have risked a little more but he wasn’t going to risk by going into debt. I hope Kim doesn’t find himself the same ... but I would guess it is his current status. It’s right for companies to leverage if that is spent on more quickly developing a revenue stream and beating your competitors to market.
Mojo, every one is an idiot? Even geniuses ... ?? if it was dilution, then, PR well played but would like to have seen a PR that got us back to $.07 at least. But then that goes to your other point that Kim doesn’t care enough about investors to do that. ... it’s enough to stay the course. ... keep alive. Ha, ha. The Big One is still coming! If not, the jokes on us. We’ll see.
So, since it wasn’t dilution, who sold yesterday and pushed the share price down? Thought?
Next PR should be telling. Let’s see what it is.
No worries here. I’ve been in this since 2011. Only made money. I did buy and sell more above $.06 but bought more than sold so for the moment :( ... this is small % of my net worth so no worries.
$.035 held ... back to the low $.04. No news yet. We are guessing on dilution.
WebSlinger,
It depends on how much dilution we are speaking of. Your message doesn’t make sense from the standpoint of ‘Kim cashing out’. Dilution creates more shares for $ for KBLB to invest to generate revenue $. Kim cashing out would have been all those sales at $.06 - $.07.
At any rate, it is skeptical nonsense. I can still see a pps drop back $.029 even since $.049 failed to hold.
Dilution is always an option even if it may be embarrassing for Kim to go back to. He can possibly do better than Calm Seas. At any rate, if a viable revenue stream emerges, it is worth it. Obviously, it can take too long to emerge which would be damaging to the pps. But, also, if announced, the pps may take off anyway based on the nature of the hope generated from what said funding will do, other said obstacles removed that are often spoken of on here. You get the picture. Right before Army contract was announced, the pps went from over $.02 to around $.012. Then, it was shot to the moon or $.10 (Mojo’s holy grail). More than a double now from here. Would love to be aggressive and be buying more here but I’ll wait for news and see how pps moves. I have a core position that will not be sold unless above a $1. Everything else is tradable.
Happy investing and trading KBLB lovers and traders but skeptics!
Dilution??? :-o Who would have thought of that?
Mojo, thanks. I did know about Calm Seas financing and it ending but I didn’t know it came via dilution. Also, this, I didn’t see the ramifications of returning to such a funding source after he closed it off saying it wasn’t needed anymore.I think you don’t give Kim enough credit for things, especially his level of intelligence. At least, you agree with delegating decisions. Part of being a good leader is knowing to delegate to others that will do it better than you and knowing you can’t do everything. I do understand why you have this perception as things have taken longer and some things still not completely fulfilled after so long. If I had to guess, it is not due to ineptitude but he is lacking in some areas like communication. There is “gun-shyness” in dealing with investors knowing what’s happening in the past. He probably doesn’t have financing yet and closed off Calm Seas. So, I think Kim either knows what’s coming or he is in that box. Either way, he has it figured out or will figure it out. It won’t be some dumb luck. He is smarter than that. He has the background for this and so does Jon. Again, we’ll see.
About the SEC and potential violations.... Something that did come to mind though is Eylon Musk’s ‘funding secured’ comment. Kim doesn’t want to make that mistake. When he has it, we’ll know soon thereafter. Again, we’ll see. :)
Hi WebSlinger,
It’s called dilution. ... if no other alternative to get production going. Public companies do it all the time. It can get ugly for shareholders if the dilution doesn’t translate into growing revenue. See AEZS or ONVO. Other biotechs have had success if they found the growing revenue stream from a blockbuster drug. For KBLB, the potential is there. That hasn’t changed. ... there are other alternatives too:
(1) Partnership(s)
(2) Kim’s own money (if he believes in this so much and has bled so much out of KBLB with his salary, he may be willing to finance from his own pocket to KBLB at a fair interest rate) - laugh if you want just throwing it out. He may not be the sinister villain to investors that some make him out to be. If he really believes he is close and has the means, he might. He kind has to some extent if he has foregone his salary for a bit.
(3) The Army extends or brings a new contract. I’m not sure they could prepay for an order. But, if not, the contract is as good to obtain the financing.
(4) Another contract from some private sector company.
A guy with genius IQ should be able to figure it out. Don’t you think ????? We’ll see.
Hi all. First time poster here. Long time investor since 2011. I have seen this board in the past but only started reading regularly since June. I was going to post a reply to someone more skeptical on here, ... not mojo. :) But, my message got wiped when I accidentally went back a page. Oh well.
Here is my take.
Kim is a genius. This is evident and self proclaimed on his bio. He could be the selfish maniacal type that is going to keep things going for his own self interest. He could be in a box as for funding. But, there are more than a few outs for that if we accept that he does have the goods as claimed or even if he doesn’t. Mass production and quality control issues still to come. All easily dealt with by a genius! Right? COO has relevant experience to addressing start up issues as well. Perhaps, Kim has realized his mistakes of speaking too soon. He seems not good with dealing with investors. I was on a conference call a long time back. He didn’t defend himself well but he did set out a track for success. And since then, the truth is he has fulfilled everything or is about to fulfill everything he set out to due even if was not on the time table of some here or even his own hopes. Bankruptcy isn’t a near possibility but dilution is if he has no other options for financing. Still, if it results in full scale production, it is worth it, The pps will go up if not initially. Perhaps, he hopes Army likes what they see and either extends contract or new contract with prepay or advance to initiate production. Wishful thinking maybe. Even if the Army only extends and adds $s. This will attract financing alternatives without dilution or perhaps less dilution than otherwise.
Good news will cause this stock to roar. See Army contract from nearly $.01 to $.10 in 2016. And good news earlier this year from $.03 to $.08.
The next big news either funding, contract, or mass production in Vietnam will send this skyward. mojo will get his $.10 and others here will get a lot more. For those with 1 million plus, I would encourage some selling above $.10. Don’t wait for the bigger move. If you can get to 3x, take a 1/3 off at least and let the rest ride. This stock can still lose more than half its value again from a top even after the big news comes. Of course, timing of selling is critical and should be gradual with high volume soaring. Easier on the way up than down.
I could say more (and did ugh) but will leve it at this for now. Happy investing and trading ahead to all KBLB lovers and skeptics here!