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“With interactive brokers you get a notification after the name of the company that those shares have been lent and until when.”
I can see them doing that if you’re signed up for “fully paid lending” but if you’re not signed up they might loan them out and not ever inform you while they take all the interest. With Ameritrade I don’t have a clue what they have lent out even though I’m signed up for FPL. E*trade sends me notifications daily. I don’t know how IB does it but its got to be better than Ameritrade.
I thank you for that. Some have different investment philosophies. Yours is making me more money.
I think Fintel is getting their info from Interactive Brokers. Schwab/Ameritrade are paying a lousy rate to lenders. Just moved a bunch of my shares from them because of that.
Thanks. I assumed they just used the estimate figured from their last years tax return and wouldn’t have to pay taxes until next April 15. Either way it looks like they are not expecting the stock price to go down. I guess it helps when you have control of any company buybacks to know that. How did you come up with $135? Just a guess or back of napkin math? Even at $135 that’s only a 50% return from here. Good if it happens soon, but I know of better prospects, with even better options plays. Also, what happens when the 2024 notes come due?
“The "gift shares" will cost them about $70K federal tax and $0 to $20K state tax depending where they live. This is why they usually sell half or more to pay their taxes.”
So, since I haven’t been able to find an answer yet from googling, do they immediately have to write a check for that tax or can they wait till April 15 of next year? I guess if they have some inside information, like a buyout coming soon or another auction buyback it would make sense that they would take all the shares and profit from that info.
“As to you selling covered calls against your stock there is only one person to blame or be happy with....””
Gee, thanks for the condescension. Been selling covered calls and selling puts on this stock for years. Made more money doing that than what little I missed on this run. Most years it was the only way to make a return on this investment. You win some, you lose some. Don’t know that how I feel about it is anybody else’s business. I know there are a lot of long timers here yet and I’m happy they are seeing this finally starting to pay off for them.
The shares were given to them. Am I the only one that believes the directors are way overpaid and there’s way too many of them? 9 directors, given $185,000+ of free shares. What do they do to deserve that kind of compensation? Been in this stock 26 years and never understood this. Sorry for bumming’ on everybody’s parade here. Good luck to the longs here. I’m about to be called out of the last of my last shares here and don’t know if it makes sense to get back in. At least they were generous enough to give us lowly shareholders our token $.35 dividend. smh
“thats ridiculous...”
Reality says otherwise.
“KBLB's reality is all about Production, Development, and Sustainability”
So, I’m guessing here, zero out of three isn’t bad?
“yet it appears he banked over $200k by selling.”
So, you’re saying he was able to exercise those options tax free? What tax bracket is he in? Or is this another one of those cases where you don’t know what your talking about?
“KBLB is on an exponential fast growth path!!!!”
Try rewinding your watch. 20 years and there still at the drawing board. How is that exponential growth?
“ I'm uncertain why the higher volume and lower sales price yesterday”
I’m thinking our favorite music conductor had some shares left to unload from his shenanigans and decided to dump them for what he could get for them yesterday. Could be wrong though.
You’re probably right.
“Did I ask you? I did call for what it’s worth”
So you think a fry cook or some other anonymous poster is going to give you a better answer? Good luck with that.
Call Ben, you’ll figure it out.
Yeah, I know. I meant bid , not ask. I’m sure if I offered it 100 shares at a time it would probably get gobbled right up. At $6.95 a trade I don’t know how much sense that would make though. I’m sure there are some here that would think that is a great deal.
“You can’t get anyone to bite while offering shares above the ask? With low volume while we wait for more developments? Weird.”
What are you talking about? I was the ask most of the day. Even lowered it to stay there. Low volume? Gee, I thought Kim just put out some great news. smh
FYI, it ain’t shorts causing the low share price.
“one either believes that potential exists or its time to just move on... ?
Or, in certain cases, just maintain FOMO shares.”
Well there’s evidently no believers out there. I’ve had sell orders out there three of the last 4 days. No takers, lowered asking price every day. I’m doing a hell of a job getting the share price lowered for all you believers to buy in though. Guess there won’t be any money to go out and play Bingo tonight, suppose I’ll just see what the wife is interested in doing.
“KBLB reported that they delivered parent line eggs to GSS in January”
No, ‘GSS’ wasn’t mentioned anywhere. The phrases ‘production partner’ and ‘production facility’ were used.
“Note they already had the first type of hybrid parent eggs delivered in January and have halted any attempt to grow either the parent lines or the hybrids.”
That’s not what they said. They said GSS was shut down before the heat wave hit. They didn’t say when, but the inventory numbers show it was sometime last year.
It also says that GSS is still waiting for delivery of robust worms. Which makes sense if the Jan 26 eggs were delivered to Prodigy.
Like I’ve told you several times, there is no way the parent line eggs were delivered to GSS. They are not set up for breeding silkworm moths.
“i should think DS made the old way would be the obvious conclusion... “
DS is made by breeding GMO silkworms. Don’t see how that is going to change. How it is processed after it has been reeled is what is being changed. How would not raising DS worms help anything? How are you going to train someone to use new equipment if they don’t have anything to process with that equipment?
“will no longer use the stuff you were making before, why does”
What is it that they will no longer use? All they did was add another inefficient step in the process. Don’t know why the yarn mills aren’t handling this.
“Sounds to me like they are instituting some new processes and protocols as well as installing new equipment which will all likely require training for the workers…not to mention switching over to new worms…”
It’s a pair of scissors and a comb. How hard can it be?
I agree with all of this. I do think that Prodigy is still growing out the Jan 26 breeding stock and that something regarding that should be PR’d in the next couple months. I would think that Prodigy would try and raise a couple smaller hybrid batches there before sending any to GSS to see how they perform there. If they don’t work at Prodigy then there’s no use sending them to GSS. I don’t know why Kim didn’t give a progress update on that in his letter unless it’s his usual MO of not putting out bad news until months later.
“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.