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I would beg to differ. The only said they expect it to serve as the operational center for the spring trials, which is more ambiguous word salad. At this point, they have it down to a science.
While many on this board disparage your negative vibes (which others could just as easily call "due diligence" or "realistic approach"), your ability to research and your command of the information that has been shared in PRs and on this board over the span of years is nothing short of impressive.
Only time will tell if some form of spider silk will ever be mass produceable. The last 10+ years have shown many almosts, jukes, fakes, fades, and pivots--intentional or not. I hope KBLB can succeed, but enjoy a healthy dose of reality along with my hope.
I don't know. It seems to me this is more of a well-worded PR. If you have silkworms that can produce some form of spider silk, then produce. If you're having a "trial," it implies you don't know if they are viable or not. Otherwise, call it Stage 1 Production. I read "trial" here as being from the same thesaurus entry as "ramping up," "getting ready to," "planning on," "launching," etc.
Setting that aside, I'm happy its at .08 now and not .03.
The doubling of the PPS in three months is great. This has mostly been done on anticipation of this year's production season.
Great post WebSlinger. This pretty much sums up the PR.
He did seem a bit more forward in addressing shareholder concerns toward the end though. I count that as a first (or maybe a second...my memory is foggy after countless forward-looking statements over the years).
At the least, this PR tacitly admitted a lot of things this board has pointed out as problems and seemed to imply they'd like to produce but just haven't found out how to do so yet.
A sell request of 100,000 at $0.1545 was entered at 10:28 am. That's curious. It'd take something mighty to get back in the mid-teens
Ah, yes. I remember the feverish excitement of potentially uplisting to Nasdaq, so that institutional investors could finally get a piece of the pie. Haha.
I swear each year or two is like a new season of a TV show called "How the Lab Spins," which viewers originally thought meant the spinning of silkworm silk, spider silk, any sort of thread, but which has become more and more seen as the spinning of a web of deceit, half-truths, forward-looking statements, and new approaches to keep the gravy train flowing. Haha
Season 1: Notre Dame
...
Season 5: Army Shoot Packs
...
Season 10: Vietnam, Land of the Silkworm
Season 11: Vietnam Rebooted
Season 12: M, the Movement
Season 13: The Cold Snap of Vietnam
Season 14: A Cameo by the Air Force (in the form of a news release reporting potential interest in a future product made by a healthy batch of transgenic silkworms yet to be hatched)
I know a few on this board keep hoping in one episode someone will *finally* find a secret stash of spider silk hidden in some forgotten Vietnam warehouse, or even stored on the several acres of trees planted in Texas. It will prove that production was happening all along. Haha
DISCLAIMER: I may have mixed up some facts here and there. My apologies. It's hard to keep so many things straight after so many years.
It's amazing what kind of rebalancing happens to the stock price when shares from toxic debt aren't being sold off all day every day.
Very cool article. Thanks for sharing.
Hopefully their efforts to "explore scaleup and manufacturing possibilities" won't take the same path the KBL did.
Was it Mojo or who that called this?
Does anyone know why this is the case?
This year it seems there's been a lot of what looks like buffering of the stock price--a large sell order to stop it from going too high and a large buy order to prevent it from dropping too low. What would be the motivation for such? Or am I misreading things completely and it's just most like just two innocuous stock traders doing their thing at 200x - 500x the most common lot unit?
I echo that Ruskie; curious plot twist indeed.
But do you know what is not a plot twist?
Longrider
I was quoting an older movie "The Princess Bride"; in retrospect, I should have altered the quote to say "those words." I am just trying to bring attention, like others, to the over-the-top (and vague) verbiage in the PRs.
I think a lot of shareholders would love to be loyal. That's why we've been here for so long. But the PRs feel more and more like a shell game.
Q
Blueazur,
Yes, that is what the PR said. The problem for me and others on this board is not what the PR said but what it doesn't say. It's been like this for a long while now--the words seem to say one thing but if you think about it, it does not say anything.
South of the equator would be a great place to open another factory if production is still the goal.
Given the silk season in Vietnam is not year round, setting up something in Australia for example would give Kraig a chance at year-round production.
Given the fact that it's July now, I don't see any earth-shattering PRs coming out for this year.
Yay, the long-awaited PR confirming production is here!
Or is it?
Well stated!
Yeah, I was going to say, then why the emphasis on sports wear/casual wear
Webslinger, there was the shipment of silk that KBLB did to itself. That should count for some sort of proof, right? Oh, wait. There weren't even any pictures of that. Maybe we could get some from Ben? Man, I miss the old days when we actually got to see tangibles, like a roll of silk, the outside of a factory, or even just a clipboard being handed around.
In all seriousness, the most likely application of the 4 mill (in terms of positive interpretation) would be efforts in production. It is just unclear what that would entail. Could it be they're buying cocoon spinning machines (like this one:
My lucky day. I ask one poster and get three responses. A sincere thanks.
First a response to Rayovac
Somebody
Facts are sb's opinion. Got it. That makes a lot of sense.
Perhaps you can enlighten me with your facts/opinion:
1. Is the board seated yet?
2. Did the cold weather kill the worms?
3. Did KBLB mention anything of their own accord about their chief scientist leaving/quitting/getting fired?
4. What happened to the Army contract?
5. What is the deal with Polartec's MOU?
6. Is the contract with M for $250k or $4 mil?
7. What happened to the acreage in Texas?
8. What happened to plans to expand into other countries?
9. What happened to the pure spidersilk they achieved in the lab?
10. Are they still using knock-in knock-out?
And to dispel doubts, I generated this list on my own.
Thanks for skipping over everything else in the post.
I guess that makes your defense: LOL.
Nice.
Interesting. Care to elaborate on this theory? What would be their motivations?
And if it is related to uplisting, AND the new R/S provision is good until 12/31, are we to expect fluff from now to potentially Dec?
Just curious as to your thoughts on this. I don't know anything about bridge loans, so I'm not sure what control Maxim could have or why they would want to limit PRs to vague statements of wispy air.
I think we are talking about two different aspects of the same well-established pipeline of info.