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“But the newly enlarged facility does not have the capacity to raise 2 metric tons of silkworms per cycle. Most of us appreciate producing 110,000,000+ eggs of sufficient quality per month”
Check your math. 110,000,000 eggs would make 20 metric tons at 5500 eggs/ kilo, not 2.
“tells me they are going to under promise and over deliver”
Well, I guess there’s a first time for everything.
“Prodigy Textiles is well suited to do this.”
You mean partner with no address? I was referring to the original Prodigy, the one that is already out of space.
“production partners in Vietnam are producing purely BAM-1.”
You do realize that the only production partner they currently have in Vietnam is Prodigy, right? Also, the only way those machines can produce silk that fast is if they have cocoons in them, so all the math you did is pretty much worthless until you figure out how many cocoons they have produced.
Probably has more to do with an insider selling shares. Don’t worry though, the 2024 warrants start expiring next Tuesday thru mid December. I expect a nice rise in the share price during this time so that the warrant holders can collect the most shares.
The only pumper that is on somebody else’s board is you.
That doesn’t say anything about mundane cocoons. They’re comparing them to previous versions of spidersilk cocoons they had produced.
They have never said their cocoons were larger than mundane hybrid cocoons.
“Read earlier PRs this year to find where Bam-1 already far exceeds the mundane silkworm.”
At doing what?
“It is not a problem for KBLB.”
Yes it is a problem for KBLB. That’s why they built a shed to dry out the mulberry leaves. So now KBLB can produce at Prodigy year round, which is a good thing, but that doesn’t help anybody else to produce year round.
KBLB ain’t the first one to grow silkworms in the rainy season. Give me a break. Anybody willing to dry out mulberry leaves before feeding them to silkworms in a climate controlled building can do it. Are you that gullible?
They’re growing them in a climate controlled building. The silkworms don’t know that it’s raining. All they did was build a lean to shed with a fan so that they could dry out the mulberry before feeding it to the silkworms. I mean, where do you think they are raising the silkworms? They only have Prodigy, which isn’t in Lam Dong. I see Webslinger at least took the time to figure out what I was talking about in the 10q.
“ I didn’t then come out here and claim I knew of some sort of ominous nugget”
ROFL. You’re a hoot.
“Ah yes, the now famous ominous tone post with absolutely nothing to back it up.. “
What are you talking about? I’ve got a 10q to back me up Mr. “Unfortunately I can’t say any more at this time…”. What do you got? Have you even bothered to read it?
All that and you still missed what I think is the most mind boggling, head scratching event in the 10q. Can’t believe nobody has mentioned it yet. But don’t worry, the ‘rah rah’ crowd have everything under control. lol
Well way to go Mr. Spilktrail.
“yesterday’s PR should be considered a message to any potential customers in the medical & military fields, in the least. “
Hasn’t he been claiming to be sending samples to these very same customers? Why would he need to PR a vague statement to them when they could just measure it themselves?
“LAREC and the VSA have to do with ending the GSS relationship.”
You keep telling yourself that, maybe it will come true. smh
“The way this reads is they are comparing the first production cycle to that produced in the Spring trials.”
What good would that do? The spring trials only involved the parent lines, not the hybrids.
“The prominent economist who puts his heart into the development of Cambodia’s silk sector pointed out that Cambodia is expected to produce between 500 kg and 1 tonne of pure silk yarn”
Looks like the ignorant still needs some educating. I was being generous. Of course, that was back in 2022, maybe you have more current numbers you would like to share with us?
What’s that got to do with Cambodia?
“Cambodia produces 7-8 metric tons per year. They used to produce 50 tons per year.”
It’s nice to see the ignorant finally educating themselves. So, KBLB tells a company, that they have part interest in and government approval for, capable of producing 200 metric tons a year to go pack sand in order that they can try to restart a silkworm industry in a different foreign country with next to no silkworm infrastructure currently in place? And their max production ever is only 50 ton? Makes perfect business sense to me…….not. smh
“Have you not bothered to read my previous posts on the golden silk cocoons of Cambodia and the fashion of Phnom Penh?”
The golden silk cocoons you speak of are not raised like most commercial silkworms and Cambodia produces 1 whole metric ton of this silk a year. It is pretty much the only silk that is produced in the country. So educate your ignorant self before you call somebody else's post ignorant.
“Have you not bothered to read my previous posts on the golden silk cocoons of Cambodia and the fashion of Phnom Penh?”
The golden silk cocoons you speak of are not raised like most commercial silkworms and Cambodia produces 1 whole metric ton of this silk a year. It is pretty much the only silk that is produced in the country. So educate yourself you ignorant dumbass.
“The copywrite was 2024”
The copyright is for the website. The article is still 5 years old. If Polartec has a manufacturing base in Cambodia then that would make some sense of any plans to do business there. I doubt they would attempt to raise silkworms there though.
“A Cambodia update is much needed right now.”
What exactly are you expecting them to do in a country with essentially zero silkworm rearing infrastructure?
“News....”
You consider an article from April 2019 news?
“can you please elaborate on the additional effects of the warrants.”
The 10q had a lot of information in it concerning the effects of the warrants on the overall cost of the financing and the effect on the diluted earnings per share. Notice how the value assigned to the convertible bonds increased. That’s not a good thing for shareholders. I don’t imagine too many are complaining because of the recent rise in the share price but I think it has been holding the price back for years. Also, those warrants are making that financing pretty damn expensive. Why they refinanced some of the 2% interest 2024 bonds with 3.5% interest 2027 bonds is beyond me. They have always had plenty of cash on hand without the financing.
“When will the shorts cover?”
Probably when they collect the shares from the warrants they own. If all the warrants (2024 & 2027)were all settled at yesterday’s closing price the warrant holders would get about 1.75 million shares (dilution to IDCC). The higher the share price the more shares they will get. I predicted this price rise would happen because of the warrants expiring months ago. I thought they would be expiring starting in July at the time though, not September. The 2027 Convertible bond holders could also be responsible for a lot of the short interest. So I don’t see this as a short squeeze, just manipulation by people with deep pockets.
Man you have a short memory. All you have to do is go back to the June 2022 PR’s when they announced how greatly successful the GSS trials went and how Spidasilk was supposedly off and running with a fancy swatch that they had sent them and how Prodigy was the most state of the art facility in the entire universe. Where are they now? It’s just like the movie Groundhog Day. When will it end?
You can go to Fintel and look up all sorts of information about IDCC’s short interest. I don’t have a paid account, but just by looking at the information that’s free, it doesn’t look like there was any short covering done today.
“Cute how you try to discount what they have accomplished. As if anyone could do this as a backyard experiment. Ha! “
Give me a couple of them DS worms and I’ll show you how it’s done. It ain’t rocket science. Your ignorance is really pathetic.
There are plenty of warrants outstanding to cover any shorts. I wouldn’t get too excited about any short squeeze happening.
“Under the 2024 Warrant Transactions, we are required to issue up to 1.6 million shares of common stock at an initial strike price of approximately $109.43 per share. These warrants remain outstanding and will settle, on a net-share basis, during the period September 3, 2024 through December 17, 2024.”
Well you finally got your answer to those 2024 bonds settling. It happened just like I said it would. IDCC paid back the $126 million in principal while the convertible bonds and the calls cancelled each other out.
As you can see from the above quote we finally got an answer as to when the warrants will settle. A net share settlement at the current price of about $133 will cause about 275,000 shares in dilution. Could be a lot more. Who knows what the average price will be between Sept 3 and Dec 27 when these are settled. IDCC will not get any cash from the warrant settlement.
“And you clearly do not understand the process of creating a completely new product.”
The ‘product’ was created 10 years ago. They have been trying to figure out how to farm silkworms in Vietnam since then. Something 1000’s of Vietnamese have been doing for over a thousand years now. All they have done to create BAM1 was to crossbreed the original DS worms with a couple of breeds of silkworms more compatible to the Vietnam environment.
That would be pretty hard to do since we’re already well into the 3rd quarter.
“I’m at the lake with family. Life is too short to just sit around and bitch.”
But here you are just bitchin’ away. Your family must be even more boring than you are.
“The VSA, LAREC, Dr. Kumar, et al. Hmm? They seem to believe Mr. T is quite credible.”
How many shares have they purchased?
One little flaw with your theory. The silkworms are going to eat the same amount of mulberry whether they are producing eggs (parent lines and/or hybrid) or they are producing silk. You would end up with way more worms during the rainy season from just increasing the parent lines than you would if you made some of them into hybrids. Plus you would end up with way more parent line worms than you would be able to handle especially with no income coming in.
They reported the GSS batch that they raised was plenty to get SpydaSilk going. Their first batch of BAM1 was reportedly larger than that so why not get some silk shipped to SpydaSilk and get some product made along with some income? Silk worm reproduction is more like 100x100x100 per generation than it is 10x10x10. If they are already on their 3rd batch of parent lines they should already have plenty of parent line worms to get through the rainy season. Siphoning off 10-20% to produce hybrids and silk shouldn’t/wouldn’t be the limiting factor on expansion plans and would reduce the amount of mulberry needed during the rainy season.
Very little. You can look it up on Fintel. Been running less that .5% lately.