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I have found this thread started by you and MFN rather amusing. First by the misconceptions you two have and also by the lack of participation in the thread by the rah rah experts that claim to be so knowledgeable about what this company does.
The racks the cocoons are in are only necessary while cocooning and are designed to ensure consistent quality and size of cocoons. Once cocooning is completed the cocoons are removed from the racks. Usually the females have larger cocoons than the males so sorting by sex may or may not be accomplished somewhat just by sorting cocoons.
The picture with the handful of cocoons was interesting because that is about how many cocoons it would take (assuming 1/2 male, 1/2 female) to produce enough eggs to fill all the racks of cocoons in the other picture. So, only about 4 handfuls of cocoons were used for the trial runs of the parent lines if those pictures are showing what was produced from 1 of their trial batches. If that's true it really wasn't a very large trial and keeping the worms healthy would be a lot easier due to the low number of worms involved. Hopefully that carries over when larger batches are raised in the future.
Also, the cups you keep talking about are not for the purpose of breeding, they are for keeping the egg masses of each female separate so that sterile, abnormal, or diseased eggs can be sorted out and to keep eggs from poor performing females out of your breeding herd. The females are usually placed in the cups after they are bred. Breeding is done orgy style with a larger percentage of males involved to help ensure the females get bred. Once the breeding is done the moths are gently disconnected from each other and the females are then placed in their cups. The males can be used again to breed other females. The cups are more for egg and breeding stock quality control than anything else and are not needed for the female to lay eggs. I know you've seen the videos where they put a male and female in a cup together. You would do that if you wanted to breed a specific male to a specific female but doing so on a large scale would be very inefficient and result in a lot more females not getting bred in cases where the male was incompetent or suffered from premature ejaculation like a lot of investors in this stock do.
Now, about taking them cocoons to the reelers. If KT does that he should be shot. That's your breeding herd. Why would he make yarn out of them? He's got contracts to fill and at least one contractor(GSS) willing to produce 200 ton. How is he going to supply Lam Dong with eggs if he is killing off the breeding herd? Use however many handfuls you need to produce eggs for the BAM! hybrid trial and breed the rest to increase the size of the parent lines to fill that demand. You have to pick one end of that ramp up if you're ever going to get off the ground. Time/money is running out. Get going.
To be continued..................I've got other things to do.
Thanks for proving me right. I said the actual hybrid not the parent strains. Why would Kim just oversee the parent line trials if both the parent lines and the hybrids themselves were being tested at the same time? Today’s PR confirmed they weren’t yet actually raising BAM1 hybrid worms in their trials.
Launch, yet another word KT uses rather loosely. You can’t trial the BAM1 hybrids until you have BAM1 hybrid eggs but you can claim you’re launching their trial since you’re raising their parents. You need to learn how to speak KTese.
So you’re saying I could very well and most likely will be right then. Nothing wrong at all with my reading comprehension.
“you seem very displeased with today's news”
I don’t know where I said that. It shows they are making some progress. The problem is with those that are reading more into the news than what there was. The news was about getting to the end of the parent line trials. You and your buddies are trying to make it sound like their ‘immunity worms’ were a success, which these trials have nothing to do with.
What happened to the actual BAM1 hybrid trial? Doesn’t appear to have started yet. I guess D4S was right about that even though you and your buddies have been telling him he was wrong on his timeline.
There were 2 parent lines. Either they only showed one set of cocoons or they produced identical cocoons. Why would they mess with crossing them if the parent lines can produce large excellent looking cocoons? Adds a lot of complication and cost to the whole process.
Have you and your buddies ever won a real argument with facts or do you just like to make false derogatory comments about other posters that have a different opinion than you have?
“These high death rates suggest that disease reduction is potentially an area where improvements in conditions could not only improve silkworm welfare, but potentially could significantly decrease the number of animals killed by the industry”
I guess you missed the “improvement in conditions” part of that statement. Says nothing about genetics. Again, the worms look to have been raised in ideal conditions, but you just go ahead and ignore that fact.
“But don’t let that discourage you from contacting PETA”
You obviously don’t know who or what you’re talking about, as usual.
“If KBL can maintain ZERO DISEASE in full scale production then you are very very wrong!”
That picture is anything but full scale production. Looks like an air conditioned space in a large lab. It’s not where most silkworms are raised. I figure it would only take eggs from about 20-30 pairs of silkworms to produce what was in that room. A long way from millions.
No, I’m not.
“IF they let them all develop into moths, and IF they just produce a normal amount of eggs, we will be at 4 million plus silkworms in the next stage.”
Males don’t lay eggs so you’re being a little optimistic.
4,000,000 worms/300 eggs per pair=13,333 breeding pairs
verses:
11 racks x 300 cocoons x 4 rooms/2(males don’t lay eggs)=6600 breeding pairs
Plus, these are just the parent lines in what looks to be an air conditioned space. They haven’t even tested the actual BAM1 hybrid yet.
“but not sure how many silk producers around the world can make that claim.”
I’m sure most producers are capable of raising disease free colonies. It helps to start with worms that have the genetics to handle the climate they are in. Something the original DS worms evidently didn’t have. All they did was breed the original DS worms to silkworms that had the genes capable of thriving in the Vietnam environment. Maybe the Indian dude also taught them how to properly disinfect and keep the worms out of their own feces properly or not use severely inbred breeding stock. It’s not like KBLB is the first to invent a disease free silkworm.
“ Nice post SZ! Looks like, Ken Lee, Jon and Kim signing some important documents in that pic! Show me da’ money! Booyah!”
Perhaps if they were posing in some fancy SpydaSilk shirts instead of those dumb coat jackets people would take them more seriously. KT doesn’t seem to know any more about sales and marketing than he does about mass producing SpydaSilk. You all better hope his learning curve for sales and marketing isn’t nearly as long as it’s been for mass production.
BAM1 and DS spidersilk would be identical since they just bred the DS worms to two different lines of mundane silkworms to produce the BAM1 parent lines. Had to breed back a few generations of these crosses to get the DS gene to be homozygous in each line. I don’t know why anybody thinks it’s a different kind of spidersilk than the original DS.
“Sounds to me like DFS wants to lower price so he can get more shares cheaper......”
Looks like a big seller has already been doing that for him the last couple weeks. There’s been a lot of large block sells pulling the price down lately. Somebody’s obviously unloading into the recent news.
“This board was previously made aware of an email from Ben where he confirmed production is ongoing.”
I have found that KBLB uses the word production rather loosely to mean other things besides the actual production of spidersilk. They could have just been producing eggs or breeding stock or maybe just failed spidersilk experiments and lame PR’s. I mean, how can you be producing silk all this time and have just one lousy Hank to show for it? Makes no sense. But you probably still believe in the tooth fairy and the Easter bunny, so, sorry if this reality is raining on your parade.
“Sick Zone already reported GSS was not the location where the silk reported in December was produced.”
It was probably produced at Prodigy since that’s the only faculty known to be in operation at the time. Probably had something to do with the management change there. Don’t know what else Prodigy could have been working on all year since all the hybrid breeding seems to have been happening in Michigan at that time.
The 2027 notes were already convertible last quarter, they are convertible again this quarter because the stock price remained above the threshold for 20 days in the previous quarter. If the stock price drops and stays below the threshold they won’t be convertible the next quarter. Short selling would be one thing the note holders could use to increase their rate of return amongst other options.
“And with their current partners that develops products it’s a 50/50 by just supplying the fiber$”
Where was it stated anywhere that that is the agreed upon arrangement? Looks to me like you’re just making shit up again, like usual.
One guy doesn’t make a whole country or even suggest that anything is going on with India. If the guy was black would you be assuming that whole continent of Africa was involved? smh
I was waiting for an 8k saying the 2024 Notes had been settled not one saying that the 2027 notes are still convertible. I must have been right about converting the 2027 notes early not benefiting the note holders since none seem to have been converted yet even though they are significantly in the money.
“That can't be good for shareholders....”
I don’t know why. They are not trying to sell mundane silk. Would just make it easier and cheaper to convert the farmers over to KBLB contractors. Plus, if they are valuing the GSS cocoon inventory at $8.25/kg, it would mean they are getting pretty close to metric ton production.
“Your argument that the increase in the value of the inventory was due to post-production improvements in the value of their inventory could only be possible if the hank shown had actually been delivered in 2022.”
No, it would mean the cocoons were delivered in 2022 and they were processed into a hank in 4th quarter 2023. It’s not rocket science.
What do you need a PR for when the 10k was just put out? I doubt he would put anything else out this week. I don’t know why you think Kim is back from Vietnam. Last week’s PR said he and his Indian expert were still working in Vietnam. That’s the only thing of significance that was in the PR. It’s going to take a lot more than a week or two to get things up to speed in Lam Dong and to train Prodigy employees on how to produce hybrid eggs. What does Kim have to do in Michigan that’s so damn important? If he doesn’t get some significant silk/end product production going soon things are going to get pretty ugly around here. What’s a 100-1 reverse split going to do for your investment? I hope he doesn’t come back until there is a commercial product produced and sold from SpydaSilk. I can think of a million things that Kim needs to get done in the meantime and none of those things are in Michigan.
Don’t worry about it. I think your crows need some feeding.
Converting cocoons to yarn to add value would not take it out of inventory and is a lot more plausible than some kind of accounting error.
When they buy the cocoons back from the contractor it becomes inventory. It will stay in inventory until it is sold to some other entity at which time it becomes revenue. They can increase the value of the inventory (cocoons) by processing it into something more valuable either as yarn, cloth, or hoodies before it is sold to somebody else. Poor yielding cocoons would explain the lower than expected increase in inventory value when the cocoons were converted to yarn.
Beats trying to figure out where all that inventory disappeared to or how the accounting doesn’t add up or where some mystery production happened. If you read the PR’s close enough you will notice that it seems like Kim is trying to make it look like something they did like 2 years ago happened just recently. This makes it look like they have been doing something (producing) recently when they actually haven’t been. An example would be that hank of silk, which, to me, appears to be from what was produced at GSS way back whenever. Things just don’t seem to be adding up to what they should be to me if all the production they keep talking about was actually happening. Also, why would you need to field trial your 2 parent lines. Wouldn’t you just raise and breed them at Prodigy where it’s climate controlled? Makes no sense.
It seems pretty obvious that since the inventory showed up after GSS produced some silk and then the prepaid inventory was written off after GSS was shutdown that it is associated with the silk that is or isn’t being produced by them.
KBLB is buying the spidersilk back from their contractors after it is produced and not all of it will be going to SpydaSilk. Until that silk is paid for by somebody else, SpydaSilk, Kings, or whomever, it would be considered inventory. Prepaying the contractors for that silk inventory may be needed to convince them to switch from mundane silk where they don’t get that benefit. It probably also lowers the cost of what KBLB would be expected to pay the contractors for their service. But that only works if you give the contractors something to grow, hence, the write off.
“That seems to indicate the hank of silk he was holding was only estimated to be $304.”
Or, as I said, it is the entire inventory. But now it is in yarn form instead of cocoon form which would cause it to increase in value.
If they’re valuing the hank at $30/kilo they might as well shut the doors now because mundane silk yarn is worth about twice that last time I checked.
Funny how the crow farmers are awfully silent today.
“I’m not particularly happy with this number. It seems to devalue the hank of silk we saw.”
The increase was probably due to processing the cocoons into silk yarn causing the value to go up. If you do that then about $300/kilo yarn would make the numbers come close to adding up. Isn’t that the price point they were looking to get under to make Spidersilk a viable commodity? Don’t know if that price works economically when making fashionable clothing with it. Maybe someday we’ll find out.
Low yielding cocoons could cause that $ valuation to be higher than what their target price was when they paid for the cocoons. But this also raises the question of what other production have they been claiming to have done? Doesn’t appear to have been silk production.
Gee, I could have swore somebody said production was still happening there. So where has all this mystery production been taking place then? smh
And before someone pipes in and says it was happening in Lam Dong, they didn’t lease a facility there until this year and it appears to just be a building about 1/9 the size of Prodigy’s buildings with no land for mulberry production included. Doesn’t appear to me that it is going to be used for growing out silkworms. Looks to be more like an office and distribution/collection center which makes more sense to me.
He didn’t have the votes. He just happens to be the entire Board of Directors though. I guess if that gives you the power to give yourself all the shares you want, then voting shares are pretty much meaningless.
“If you want to be negative, you should use the scare tactic that now Kim can sell all his 200 mil personal shares and still maintain control of Kblb… “
I guess that must be GED mathematics. smh
Uh, I dunno. Probably needs a vote to get approved maybe? Something obviously needs voter approval and Kim doesn’t care how you want to vote.
That’s probably the only way this was ever going to see $5/share. When do you predict he puts the S-1 into effect? 100-1 going to do it?
The 2024 warrants that they sold that will probably be expiring worthless over the next 3 months or so if the price doesn’t go over $109.43 seems like a good reason to me not to be buying now.
I believe the 2024 Convertible Notes expire today. BOA could be looking to cover some short positions.
Here’s a clue for ya. What do you put down on your taxes when you sell that first 100 shares a couple years later? It’s not rocket science.
“Was it the post where he didn't know how to calculate cost basis?”
There you go again. Still not following your own advice and proving once again how ignorant you are. There is nothing to calculate. Cost basis is the price you paid for the stock, it doesn’t change just because you buy some more stock at a different price. Why don’t you just quit. You’re really embarrassing yourself.
“This is what the left does when it has no leg to stand on.”
You aren’t even smart enough to know that you’re on the left side. Are you quadriplegic? smh
A guy who is evidently invested in only one penny stock for years and years. That doesn’t make you a penny stock expert. Your postings come across as being very naive actually.
“Was thinking you were not as heated just yet.”
You’re totally clueless again. What was that saying you were so fond of? I believe it was something about removing all doubt.