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“If someone here knows what the issues are and how to solve them, let me know and I’ll pass it along to Kim.”
I do. Let me know what Kim says.
I’m using a Roth IRA and I’m not allowed to do naked options. What rate of margin interest do you have to pay?
Nice trade but you have limited your upside (a little over double your money in a year and a half). Might be better off just buying the shares with the cash you have put into this option. I think the share price should at least triple by then if sales continue to be made, plus you have unlimited upside.
Heck, I’ve been fishing here for two days straight offering plenty of bait just above asking and can’t even get a nibble. I guess there aren’t any longs willing to put their money where their mouth is. So much for the ‘great news’. smh
“The delay was not only from customs, but also from additional roadblocks between the airport and Prodigy. “
It would hurt a lot less to lose a shipment of hybrid eggs going from Prodigy to GSS than it would to lose one of the parent lines at GSS because they weren’t raised in an environmentally compatible building. Prodigy is designed for breeding, GSS is not.
“were sent to Prodigy but referred to as the silkworm farm by mistake”
Prodigy is a silkworm farm. They may even be considered some kind of a third party contractor. I don’t know how they have been accounting for their expenses, except for the rent.
“Prodigy would be shipping eggs to GSS in your scenario.”
If Prodigy got the eggs in late Jan, now would be about the earliest they would be shipping eggs to GSS. Would not have been enough parent line population built up before then to make sense to try and do hybrids. The shipping loss you refer to was because of delays in getting through customs. That should not be a problem shipping within the country. Also, if that were a problem, this company is screwed. Shipping eggs to contractors is what their whole Vietnam business plan is built on.
“ presume they might be worried about shipping concerns. Prodigy and GSS are not next-door neighbors.”
What would they be shipping? GSS has obviously been shut down since the robustness fiasco. Only took KT 10+ months to finally admit it. Took 2 1/2 years to admit SpydaSilk was on hold. Why would you send non robust parent lines to them while Prodigy sits there with nothing to do? GSS was contracted to turn eggs into cocoons. I doubt they even have a setup to do any breeding. Most, if not all, commercial silk operations in Vietnam get their eggs from Chinese suppliers.
I am well aware of how poorly that PR was worded.
The only ‘3rd party contractor’ we know of should be GSS but stop and think how little sense it makes to send breeding stock to an outfit that should only be equipped to grow silkworms from egg stage to cocooning. It takes a whole lot more equipment and manpower to do the breeding and egg collecting especially when you have to keep the 2 lines separate and pure. Also, who in their right mind would try and grow a breeding stock herd in a facility that isn’t environmentally controlled when you have a facility of your own capable of doing that? GSS employees are not KBLB employees, huge security risk. GSS doesn’t have the lab equipment necessary to do the job or the personnel qualified to operate it. I’m sure I can come up with several more reasons why it doesn’t make in sense but I’ll just finish with a quote from today’s SL.
“This heat wave also hit the country while our third-party contractor has paused their operations as they await the delivery of more robust silkworms from our teams here at Kraig and Prodigy.”
Says right there that GSS isn’t in operation and is waiting for silkworms from Prodigy. The pure lines they shipped over in January should have enough numbers to start crossbreeding soon to start sending eggs to GSS.
Jon wrote the PR, Kim wrote the SL. Maybe Jon refers to both as 3rd party’s. If Jon really did send the Jan eggs to GSS he should be fired immediately.
“I think you misunderstood. The January 26 PR indicates that the parent strains were sent directly to GSS for breeding. GSS had these eggs since January but has abandoned efforts to grow them by now.”
No, you misunderstood. There’s no way in hell KT sent his parent line eggs to GSS to grow the breeding herd. That would have been incredibly stupid. GSS is not set up for that purpose.
“It does NOT affect KBLB in the least, so your statement is invalid.”
Kinda hard to affect them when GSS had already shut down production by last July or August. Prodigy is climate controlled so it should not be affected. No mention in this letter of when GSS is expected to receive any hybrid eggs to be able to continue production. You would think that Prodigy would have been able to increase the parent line population enough by now to at least send a pilot run of hybrid eggs to GSS by now. But no, no mention of when that might happen. smh
I wouldn’t call building new substations and transmission lines a work around. How far do they have to go to get the power needed?
Ink jet type printing of Perk instead of spin on.
“ maybe the CEO should take a Dale Carnegie course to learn how to do the other part of his job.”
Do you have any proof that he even bothers to show up for work other than filing the quarterlies?
Shouldn’t plan C be plan A? Just saying’. smh
Cool. I didn’t really think it had anything to do with him. It was just odd how the numbers were similar. Looks like a lot of game playing going on right now. I still don’t see any news potential until at least July.
“.that tells me they have been short for some time...likely since the teens or so.”
A 50%+ borrow rate and the fact Intel has been showing almost no short interest says otherwise. Who in their right mind would short penny stocks? The costs are way too high.
“he would need to restate his 13d if he is buying up that amount of shares...”
His 13d already shows he has that many shares. The warrants would just change to actual shares.
Got a new theory for you. Involves our Australian friend George Gill who was credited with 60,634,347 shares in the latest S1-a.
“.no need for any further analysis...”
And a complete and thorough analysis follows. smh
“I get skepticism but try to balance it with reason, common sense and logic”
Ever thought that maybe, just maybe, it’s the optimists lacking balance?
“Kim…a guy who does not like to reveal much of anything…”
That’s how sheisters work. Pretty hard to reveal something that isn’t happening.
Nancy must be in charge of the AF funding?
“So when GT said KBLB’s current production efforts in Vietnam are designed to generate profits/revenue”
Funniest thing I’ve heard. 5+ years in Vietnam, half of that with a $40 million contract to produce and not one dime to be seen so far. Maybe a different design is needed.
“in a building using automatic reeling machines?...that would be my guess...
what?..too high tech to figure out?....”
Well ain’t you a genius. We never would have figured that out without you.
“To think those processes are similar is preposterously silly”
Plenty of videos out there on commercial silk production. Try watching a few.
I wasn’t referring to trucking and storage. Try reeling and whatever other processing may be required. Where/how you expecting that to happen?
“Processes have been in place to keep most of the silkworms alive long enough to cocoon.”
Yeah and you pretty much described it with how the reactors are cleaned and taken care of between batches. Tomato-tomahto
“Their facilities would be highly sensitive to contaminations.”
So are silkworm operations. Doesn’t take much to get a silkworm sick.
“its just for raising worms”
You forgetting something or are you just planning on the AF taking pickup loads of cocoons and doing something with them? It’s going to take a lot more infrastructure than what you’re thinking of to make anything worthwhile.
The AF isn’t going to pay for all that infrastructure. KBLB shareholders will through more dilution.
“EVERYTHING must be domestic...”
Well I guess that leaves KBLB out then. Not such a SLAM DUNK after all. smh
Common sense to the rescue.
Thank you.
“Why ask a message board poster?”
KT won’t pick up the phone.
“What SPECIFICALLY about the technology? Be nice to get specifics vs broad, general, unsupported opinions.”
Then why are you asking a message board poster? Oh, that’s right, that’s all you get from KBLB and KT also. Don’t know why you expect something from one side and not the other also.
When’s the 10q coming out?
“You however missed the few nice things that the company “plans”, “anticipates” and “expects” to do…….you know, the things that never come to fruition?”
I thought all those were a given being a ‘development stage’ company and all, you know. ;)
“Well, we are over due for anything from the company.”
I predict a 10q with:
-raises for Kim and Jon
-nice bonuses for Kim and Jon
- no revenue
- disappointing inventory numbers( no GSS production)
-SpydaSilk break up
- RS on the horizon w/more dilution
- more ramping up of the ramping up of hybrid production
- PR is the cause of some expense increase
- some mention of filling out AF paperwork in the Recent Developments section
Did I miss anything?
Try page 10 of the 10q.