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If KBLB isn't making money from sales, then issuing stock or obtaining funds under unfavorable terms is what's left as options. The bills, salaries, n bonuses have to be paid with *something*.
"How many times has KBLB moved locations? I've lost count. And every time they move, the timeline starts over and over and over again."
It's necessary to keep moving around
- it works: there has not been even one tar and feathering reported yet.
If they also increase their dividend 8-fold, that would be 8 times x. Since we *know* that x = zero, that would be 8 * 0 = 0.
Gee whiz, if we only knew their current production number, we would also be able to calculate what the 8-fold increase in production would be.
Rumor is they are going to splice in some watermelon genes to get the larger cocoon size.
Following risky, questionable penny stocks is like going to watch a hanging.
One will probably witness an ignoble death, but once in a great while, new evidence or a pardon from the governor saves the day.
None are so blind as those who won't see.
Sales that show up on their quarterly report - comfirmed by a net profit.
Unreasonable?
Right - it reads like the sort of statement issued after a regulating agency has warned that it's going to whack some offender's pp.
Like a famous comedian once said, 'There is no such thing as an old joke, just an old audience.'.
Even if this company ever does start generating income, what percentage of shares are held by 'regular' shareholders?
Compared to all the folks with their below-market purchases, potential share purchases via options, conversion of debt-to-stock deals, etc., it seems like the all 'regulars' holdings added together will never amount to more than .001% of all outstanding shares, even if new shares were not issued.
In Michigan, his Mercedes needs an oil change.
Maybe like the teensy weensy spider, it went down the waterspout.
Well, you can't say he doesn't believe in democracy - look at all those new votes!
It's sort of like Chairman Mao's version of democracy: "The will of the people prevails, unless the people are misguided.".
Not to worry!
KBLB folks are aware of the appearance of bad associations. They plan to relocate to the Texas Schoolbook Depository building in Dallas, Texas.
New KBLB meme for its faithful investors:
gif of Shelob stinging Frodo.
Just to generate some income, perhaps they could market their worms to Walt's Crawlers.
Recommending the purchase of KBLB shares at this point is sociopathic. Perhaps the reason KBLB detractors stick around is morbid curiosity - like watching a dead animal decay.
Go KBLB. Really, just go.
If the price is right, the CEO may soon be able to take his company private by buying it outright with the deferred salary he is owed.
Wouldn't *that* be a hoot!
Of course, he would be left with no income afterwards until he managed to sell some silk.
It was a golden double-cross.
Well, this potential window of opportunity ought to blow all the KBLB ambiguity away.
Nothing like the prospect of a gusher infusion of government money to inspire a frank presentation of their true situation.
Otherwise, KBLB will end up like Polar Molecular Corp and its Duralt product (it was a long sad story for the stockholders).
KBLB Haiku
Silken Treasure Worms.
A thread over investors
Holds Damocles' Sword.
It's not like KBLB hasn't warned investors or potential investors.
From their latest filing:
"We expect to continue to incur product development and selling, general and administrative costs, and in order to satisfy our funding requirements, we will need to continue to raise additional capital above and beyond the anticipated proceeds of this offering.
The sale or the proposed sale of substantial amounts of our Common Stock or other securities in the public markets may adversely affect the market price of our Common Stock and our stock price may decline substantially.
Our stockholders may experience substantial dilution and a reduction in the price that they are able to obtain upon sale of their shares.
Also, new equity securities issued may have greater rights, preferences or privileges than our existing Common Stock.
Furthermore, additional capital may not be available in sufficient amounts or on reasonable terms, if at all...".
Better classes of investors prefer better classes of investments.
If Kim retires and starts collecting his pension, who will be running the company?
The eternal advocates of KBLB are sufferers
of DDS (Delusional Denial Syndrome).
KBLB should merge with the 'Name a Star Foundation'.
There are a lot of possible synergies.
KBLB event bears a certain resemblance to Kim Jong-un's press conferences.
He always has people following him around with clipboards ostensibly taking notes.
The Flat Earth Society will concede the earth is a sphere before the KBLB cheerleaders will allow that maybe the company has just been stringing along its followers. It may require the intervention of cult victim deprogrammers.
All that dilution, deferred compensation, potential 100-1 reverse split, and other creative uses of the CEO's unlimited capacity to issue stock makes me think the 'regular' KBLB shareholders are going to look like Frodo getting it from Shelob when they realize the effects of that.
Holding onto KBLB stock is like being afraid to stop playing a lottery number: "It might come in today".
The only escape is to cut the Gordian knot (even if it's allegedly made of spider silk), find a better investment with better management, and don't look back. There are lots of other opportunities out there.
"…got to hand to the guy , he’s really good at captivating his audience."
Yes, his investors are all caught in his web (so to speak).
I heard they were making Spidersilk pants, but the flies kept getting stuck.
Even Charlie Brown would have wised up to KBLB PRs by now - even though he still thinks Lucy can be trusted.
Can you imagine what would happen if Ford or GM didn't publish their numbers?
Shareholder Meeting Delta Dawn syndrome:
"...and did I hear you say he was a'meetin' you here today - to take you to his mansion in the sky?"
I know what's the beef...
He's made $200,000 - $500,000 a year for many years doing what he's doing. Why should he change?
Spinning yarns instead of silk?
The KBLB story is similar to the Polar Molecular/Duralt story.
I lost a year's salary on that 'investment'. Paul Newman (and his racing team), Wayne (Blockbuster Video) Huizinga(sp?), and other 'names' were into it.
Kraig Labs doesn't even have 'names', but their PPS history and PR's have a familiar ring to them.
200 to 1 RS happens only if the majority of shareholders votes for it. Oh. That would be him...
I'll have to see if the company has an official 'mission statement". I want a reminder on whether it's to sell shares of stock or spider silk. We know they can sell millions of dollars of stock. Taking in a miliion dollars for their silk would help clear things up and quiet down the cynics and pessimists - or at least me.