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His problem is that it controls the guys whose only way to defend the company’s poor performance is to trash other posters. That’s all he’s got. That and his lame it’s a development company excuse. You’d think that even a development stage company would have the ability to fulfill a contract that they signed every once in a while, but not KBLB.
“they didnt happen so the pps didnt happen...what about it?..”
What about it? Even if those things did happen your valuation was ridiculous, that’s what. Just like your slam dunk AF funding.
“You're the one concerned with it so you tell me.”
I did tell you. You’re the one trying to convince everyone that everything’s all hunky dory with this investment but you sure don’t ever back it up with any facts.
“then dont pretend you are taking the high road and are here to only discuss the stock when your posting history clearly shows otherwise...just be honest...”
Idiots aren’t smart enough to know that by not responding the other person is taking the high road. Funny how I’ve never seen you not respond to an insult, so what do you know about taking the high road?
I guess you were too lazy to research my investment strategy so you just resort making up shit like the rest of your juvenile buddies. How’s that $1/share by end of June prediction doing?
How’s that contract research coming along?
“Understanding what one owns helps with that. Obviously you never understood what you owned.”
So you’re saying that the company really is a scam and if I understood that then I wouldn’t be so negative?
All that just to say you couldn’t find a single signed contract that the company has fulfilled and you think I’m the one with issues?
32 times earnings with 1.5% dividend like QCOM.
“you actualy have far more posts talking about other posters thna you do the stock... “
I have yet to not be personally attacked by bringing up actual facts about the company. I will defend myself. At least I was able to find out who all the idiots were on this board since I have yet to be the last one to post in those ‘discussions’ and everybody knows you can’t win an argument with an idiot. I was having fun seeing just how far an idiot would go. So far I have found no limits to idiocy. You mean you actually thought I was trying to win an argument with you guys? LOL. Thanks for being a part of my social experiment.
I have previously stated what my investment is in this company. If you really want to know you can search for it. It has nothing to do with how I post about the company. I will still call a spade a spade whether I am invested or not. I am not like you who changes their stripes when they are in or out of the stock.
Now for actual stock discussion, on your estimates of the number of cocoons in the racks pictured of BAM1 parent line trials, I believe you only counted one side of the rack, there are cocoons on both sides. Logic would lead one to believe the number of racks would be divided by 4 since that is how many separate groups they said they trialed. I estimate there were about 900 cocoons per rack and there were 12 racks total. That would mean that they only conservatively needed to use 2 of those racks to produce the 325 lbs of BAM1 hybrid silk.
What did they do with the other 10 racks while they were raising the 325lbs of ? If they were all used for expanding the parent lines they should have had at least a 1000 racks of parent line cocoons to use conservatively for the next (this current) generation. Easy to see why they would need more space soon. Using those numbers they should easily be able to have produced several metric tons of BAM1 cocoons this generation and still have more than enough for expanding parent lines. So the question everybody should be asking is why aren’t they talking about metric tons BAM1 silk this generation? I doubt they are ready to handle that many parent line worms with their current infrastructure.
“Go 'head and continue "discussing" KBLB.”
I’m still waiting for your reply on them fulfilled contracts.
“you've switched your tune about KBLB. To fully negative.”
So you can’t point out where KBLB has ever fulfilled a contract that they have signed and that is due to me having a negative tune? Trying to discredit a poster by saying they aren’t invested when you don’t have a clue whether they are or not? Of course, it’s always been your MO to try to trash a poster when you have nothing to counter real facts about the company.
What does being invested or not have to do with being honest. You surely aren’t.
And why would that be any of your business? I’m here to discuss the stock, not other posters. You’d be the last one I’d ever take investment advice from.
Spouting your mouth off again on something you know absolutely nothing about. You don’t even begin to know anything about me.
Has KBLB ever fulfilled a contract that they have signed? Would be nice if they could produce end products like they do signed contracts.
Jealousy is so unbecoming of you. You can do better than that.
Wouldn’t be the first or last thing that you’re wrong about. But go on and keep spouting your crap. Would hate for you to lose your King title.
“Go after the CEO of a publicly traded company claiming they are nothing but a douchebag crook looking to line their own pockets with no intent of ever producing anything?”
All you have to do is read the CEO’s employment contract that he wrote for himself and look at the results from the company since inception to prove that.
Now I suppose your only defense of that is to smear my name as per your usual response.
“but that in no way entitles you to come on here and be an asshole to everyone to make yourself feel better.”
Well you’re the entitled asshole King so you should know.
I guess it’s too hard for you to figure out that I identify as jealmc79 on this board. Wouldn’t really matter if a bottle rocket hit a head as thick as yours.
I take I that you were looking in a mirror as you wrote that. Man, you are just too funny.
That’s funny, I don’t see the word CEO or company anywhere in the definition of libel. How embarrassing.
Funny how that happens during a time in which that will cause even more dilution. Hmmm…………. I wonder who owns all those warrants?
Look in a mirror. Libel against other posters has been your and a lot of other rah rah pumpers main defense for the crappy performance of this company for the last 8 years.
“So that run would have been SO much more than 325lbs if they didn’t use it for eggs… we are talking major! “
The worms still need to produce cocoons before they can produce eggs. By my very conservative calculations, if they bred all the moths that hatched from the cocoons in the racks pictured in the BAM1 parental trial, the egg producing parental line worms could have produced 5 times as many cocoons more than the BAM1 hybrids did this cycle. Hopefully that is what they did but when the PR says something about doing more planning instead of saying they are doing this it just makes one wonder WTF they are thinking.
Also, I don’t know why those ‘waste’ cocoons aren’t being used for producing their gels or other medical/experimental purposes. If there really was such great demand for this material you would think this would already be a source of revenue for KBLB but it’s not for some reason.
“but if 6.5 hectares supports 1 ton of production,”
In 2022, Lam Dong was reported to have 9800 hectares of mulberry producing 16000 tonnes of cocoons and 2000 tonnes of silk. They used 350-400,000 boxes of eggs from China to do this (eggs cost them about $9/box). I didn’t write down the source but I put the numbers in my spreadsheet for verification of other sources’ numbers that I had been using. Seems to me that 6.5 acres/ton is way too high.
It must be a July 1st tradition for this company. Remember this from 2 years ago:
https://www.industryintel.com/bioeconomy/news/fiber-producer-kraig-biocraft-labs-begins-finalizing-five-year-production-contract-with-unnamed-subcontractor-and-company-s-vietnamese-subsidiary-prodigy-textiles-jv-has-already-produced-enough-recombinant-spider-silk-to-launch-spydasilk-apparel-brand-157378082688
Funny how the company went silent shortly after that.
So how does the company run out of production space all of a sudden. Are they not doing anything at the original Prodigy anymore? Why tell a subcontractor with plenty of capacity to go pack sand 2 months before you run out of capacity? Supposedly, they just produced the biggest production run ever. 2 years ago they said they had produced enough to get SpydaSilk supplied, but this time there’s no mention of where this silk is supposed to go? There are still way too many questions that haven’t been answered and a lot of things that don’t make any sense in their PR’s.
To follow up on the warrant dilution, if the warrants were all exercised at an average of Fridays closing stock price , $117.07, there would be a little over 101,000 shares of dilution for the remaining 2024 warrants.
So, in other words, to close out the 2024 notes, calls, and warrants, IDCC will pay back the $126.2 million principal along with any outstanding interest, there won’t be any dilution from the convertible notes because the calls will offset them, and the warrants will cause dilution as in the above paragraph. The amount of warrant dilution will depend on the average stock price on the day the warrants are exercised.
Didn’t see an 8k in 2016. The bonds are cancelled out by the calls. The warrants are probably still hanging out there though. The warrants will cause dilution for the amount they are above the strike price. The table in the 10k shows about how much that would be.
Boiling kills the larva, it doesn’t remove it. The larva will come out when the silk is reeled.
The cocoon weight to silk weight ratio is fairly variable. Since DS has different properties than mundane silk there really is no way of knowing what that ratio is for BAM1 until they actually reel the silk and weigh everything. I’m guessing it will be around an 8 to 1 ratio. Even then, the environment the worms are raised in and the cocoons are spun in could cause that to vary considerably.
Gotta wonder how much last Fridays trading affected those numbers.
Hopefully before the court goes on summer vacation.
The cocoon shell consists of silk thread and sericin, so the ratios you’re using don’t quite correlate with reality. References I use say it takes from 7-10 lbs of cocoons to produce a 1 lb of silk. I use an 8:1 ratio when I try to calculate possibilities.
Also, it looks to me that, in the study you referenced, the cocoons weighed on average about 1.5 grams not .8 grams. I use 2 grams/ cocoon since my references say 2-3 grams per cocoon. Most of those graphs are ratios not grams. It’s not written in American English so it’s difficult to cipher what they are trying to portray and whether they’re talking about ratios or grams.
I asked how profitable it was, not how much gold they produced. Big difference.
“It will be the same wholesale price they normally sell silk for. The only difference is we contract them to use our worms instead of buying the china worms. And with zero diseases and bigger cocoons they will have greater profits”
That’s quite the fantasy you have there. Good luck with that.
“No one makes any money digging gold out of the ground.”
So, how profitable is this gold mining you speak of? Do you even know?
“Try telling all silk producers they have no product.”
You’re forgetting one thing. KBLB doesn’t intend to produce silk. KBLB intends to be an egg producer for the silk producers. Somehow they have to get that silk back from the actual silk producers. What’s that going to cost? How will that be structured?
“So, we know the company has produced a product. They told us so earlier this month. 350 pounds of cocoons that will be converted to spider silk. Product. Check.”
That isn’t a product, that’s an ingredient for the products KBLB intends to sell. Don’t know how he can make much profit on a raw product that they’re planning on paying somebody else to produce for them (Vietnamese contractors).
“And yet here you are, sticking up for him and his endless complaining. “
It’s not anywhere near as endless as your complaining. If the only way you can attempt to make the company look good is by degrading other posters then the company must not be all that great. Why don’t you try refuting his negative facts (about the company) with positive ones. I guess that’s just too hard for you to do so you resort to the lazy, lame ‘l’ll just bad mouth the negative poster instead’ routine. That’s a pretty sorry way to make yourself feel better about your poor investment decisions.
“Why torture yourself?”
Seems to be bothering you way more than it is torturing him. What business is it of yours why he decides to stay or go? I’m pretty sure he already had his own mother to look after him. Nobody needs you to be their mother hen.