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I don’t often look at KBLB’s pps anymore so I was very surprised to see it had surged to about $0.15 the other day. I looked at the most recent PRs but didn’t see anything about sales which to me is the only catalyst that’d get me to buy back in. Unless or until that happens, I’m on the sidelines but I still enjoy reading the posts here. It seems the big move up was apparently due to the photo of the big “commercial sized hank” combined with the “Homozygosity” of the BAM 1 parental strains, giving increased hope that there’ll be commercial production and sales. What a great opportunity that was for some trading, but man, the drop to $0.10 and below today just shows how the tiny volume in this stock means any attempts to sell larger blocks of shares will likely crater the price. Bottom line, and it’s not necessarily apparent to all so hold the snark please, until there’s sales - the only thing that’ll drive significant long term upward movement in the pps - KBLB will reside in the single digits. I’m not a geneticist so I don’t know how much homozygosity goes to preventing genetic drift (how many generations did the key gene/s hold fast?). I’m hesitant to even believe what Kim said about the homozygousity but if it’s true, is there a significant chance or a likelihood drift will still take place? Further, was that commercial hank tested for quality as spider-ish silk? I dunno as I merely skimmed the PRs. Ultimately, sales are all the hard and fast proof I’d need but sales of Kim’s silk still elude KBLB. Let the virulent vitriol begin…
Today’s PR only reinforced my belief that Kim has no real expectation of commercial production. The Christmas letter to come should only do more of the same. Yet again, no production to speak of (and still no AF) so he of course makes new real attempts at production, contracting experts, meeting, traveling, preparing, strengthening, deploying, leveraging, implementing, following up, etc. to continually foster a hope for success that in his heart he knows is highly unlikely to materialize. No doubt he’s been told this by the scientists who’ve come and gone over the years but still he sails on, collecting checks, padding his retirement accounts and wasting the time and money of his body of investors, of which I’m no longer a member. When will he retire? “Soon”…
Someone’s awfully touchy (and it’s not me). What you think of my intellect is immaterial (even if you’re off the mark). Ya hear, Mojita? Girl? C’mon, What are you, three years old? Calm down and don thy big boy pants ;). This board is about KBLB and there’s virtually nothing good to look forward to given Kim’s proclivities, the lack of AF movement thus far, the apparently cold “irons in the fire”, “SpydaBilk” (not a misspelling), fictitious “stockpiled silk”, not to mention the utter absence of revenue (forget profits) and Vietnam’s bleak prospects. With KBLB not panning out, your venom, though tired and predictable, is understandable. But you’re correct about one thing, I don’t think Kim’s capable of getting it done, but your “either/or” absolutism is simply, well, wrong. I believe my own words AND I’m not lying. To wit, if AF announces a move by late December, there’s a little more money to be had from the pps as the hopeful will no doubt snap up more shares, even if I feel Kim has a near Zero chance of succeeding with an infusion of AF funds. There. Simple, even though you missed it, or blithely refused to acknowledge it.
I (and others with a clue) simply don’t believe Kim cares as he is (and has been) keeping up appearances, biding his time until he feels his IRA/401K accts are sufficiently topped off. Sure, $600 means nothing in the context of my investments but why throw away the slim chance of potentially making $600 by sticking with my self-imposed December deadline when there are soooo many “faithful” willing to limit my downside to $.03 or so? My other investments have very generously afforded me the luxury of indulging in the foolishness of a tiny KBLB position for two more months so your juvenile (and incorrect) assessment of my rationale for holding a bit longer obviates the rabid emotions clouding your judgement.
Thanks for the invite to stay… I didn’t think any was needed, but your remarks (and those of many others) are too entertaining not to revisit this board from time to time, so thanks for the laughs. You continue L-ing your AO, as L-ing is good for the soul and has proven to reduce the stress and tension one would have from maintaining an outsized KBLB position. It might cause a cranial explosion if you didn’t get the last word, so have at it, and I look forward to everyone’s musings about the speculations and non-events in the weeks and months ahead. I’ll tune in again around Thanksgiving. Cheers!
Naysayers, go away…. The mantra of many posters who don’t like KBLB’s seemingly dismal prospects proffered on this board.
“But you still hold shares… That is both ignorant and ridiculous…”
Your defaulting to the above is both ignorant and ridiculous. I thought you were smarter than that. Even if you didn’t specifically say, “…go away”, that is part of the implied message for those “bashing the bashers”. I do agree that at this point, anyone holding shares of KBLB is both ignorant and ridiculous to the extent that they still hold outsized positions given the company’s apparent lack of prospects. To each their own.
My rationale for holding the few shares I have, as you well know, is the possibility, however unlikely, that the AF offers up something soon, in which case maybe the pps moves up a few cents. I define soon as the end of Q4, before which I’ll have sold what’s left barring some miraculous event. Even without any shares I’ll continue to read this board out of morbid curiosity, to get a laugh and to fill the time while taking a dump. I’ll be back in November. Take care.
Despite Flutie’s pitiful appearances in a testosterone supplement commercials, I used his name to highlight his most famous play, a successful “Hail Mary” pass to win a college game back in 1984 that would’ve otherwise been lost. This alludes to the apparent need for Kim to throw up a successful Hail Mary as there seems to be no other way for KBLB to win the game. I thought the allusion that Kim wasn’t Flutie (implying Kim was incapable of throwing a successful Hail Mary) was both appropriate and apparent.
Once again virtually nothing has changed since I last looked into KBLB and this board. Still no word from the AF, still no product, revenue, profits, or any tangible reason to “believe” what Kim is selling. I see no reason to believe the ongoing “development”, changes, tweaks, etc. are made in earnest and/or will ever bear fruit. Little more than two months to go before my self-imposed KBLB sell-deadline arrives and I can sell what’s left with no regrets. Will the AF make a play before then? Possibly, but doubtful as they would’ve acted already if they were, “in a rush”, as many opined early on. Further, with China having recently announced their “breakthrough”, one would think the AF would certainly want to begin working with KBLB ASAP if they in fact believed KBLB to be a viable option, worth the risk, a smart play or what have you. If Kim is to be believed (and I doubt he should be), the “newest strain” seems like a Hail Mary regarding Vietnam having any shot at being productive, but Kim is no Doug Flutie. Many/most probably don’t care what I or others on this board feel about KBLB as they have their own beliefs, due diligence, hope, faith and whatnot that keeps them in, but for what it’s worth, to me, the signs point to spider-ish silk being something that will successfully be achieved (real reproducible commercial production and monetization) by some other concern whether it’s China, or another public or private company. I just don’t see KBLB cracking the code. As I see it, Kim’ll keep on “trying”, sending out the occasional fluff PR and keep on stackin’ those chips as his time in the workforce approaches its end.
Looks like I haven’t missed much. Still no revenue, no silk, no dilution and no slam dunk funding. Pps, arguments, silliness are all unchanged. Same old same old. I’ll check in next month to see if anything’s worth noting.
You know, all the brouhaha on this board could best be described as follows, much ado about nothing. I’ve said this not long ago and seemed to have forgotten my own words - unless and until there’s money coming in from the sale of viable silk there’s nothing to discuss. I’ve spent too much time here so I won’t read another post until next week so have at it everyone.
You’ve spun things a bit here. You forgot to mention that I don’t believe Kim believes in his own company’s success which nullified the notion that Kim might try to crater the pps as he wouldn’t then have any reason to buy it. You stated Kim leaving would cause the pps to skyrocket. Doubtful. Though it’s hard to believe, Kim isn’t KBLB’s biggest problem. The biggest problem is that the tech hasn’t proven to work. Period. There’s no reliable, consistent production of commercial quantities of viable tested silk. So if/when Kim leaves before the company earns one red cent from the sale of viable silk, the pps will go nowhere but down unless he retires due to say a BO. But that’s a pipe dream in the absence of a product, revenue, profits or tech that works.
I forgot to comment about the “paid bashers” remark. I don’t believe there’s any such thing. As with most things KBLB, it’s impossible to prove one way or the other. For what it’s worth, I’ll swear to and attest to the fact that I am not paid to bash or make any comments on KBLB one way or another. My comments are organically derived from PR’s Q reports as well inferences made from them over the four years I’ve owned the stock. I have only a tiny position now, but would gladly buy in for more if the company would only sell some viable silk across a couple of quarters - and not before then. Those aren’t the words of a “basher”, paid or otherwise. They are the words of a shareholder who’s come to the conclusion the company’s odds for success are extremely low but not zero, hence the tiny position. Those with large and/or over extended positions don’t seem to be able to be objective about the company and utilize common sense because it’s too awful to contemplate the notion that the company may not succeed and those investments - already down a LOT in most cases - still have room to drop further unless KBLB comes through with some sales of viable silk. Few believe Vietnam will ever produce such silk but maybe in an AF facility there could be a chance. Given Kim’s/KBLB’s history, I wouldn’t bank on it. Want something to bank on? AI adoption. Investments in those stocks have given me crazy multiples over the last five years and look to do more of the same in the next five years. I doubt KBLB will be around five years from now but stranger things have happened.
Not a crock at all. Please reread my post. I didn’t bring up bankruptcy. I was merely replying to Web regarding his comments about bankruptcy as they pertained to his hypothesis that Kim could try to tank the share price so he could buy it on the cheap - which I don’t think would happen. That KBLB has just over a year of cash left shouldn’t be a great comfort to you or anyone else. If the AF was in a great rush to get funds to KBLB, we’d have heard something by now. That’s yet another KBLB concern. Perhaps the process is ongoing and such funds may materialize before KBLB cash runs out. Still, the amount of those funds is unknown and they may or may not be enough to keep the company afloat for long and such funds wouldn’t likely be fronted to pay Kim’s bills but rather to build a facility and/or use the funds directly for production. The viability of that production would determine whether or not it could be monetized. As we have seen with KBLB’s “biggest batch ever”, it wasn’t and probably can’t be monetized. The AF funding aside, Kim can’t wait until the last moment to raise funds. That has to be done somewhat in advance so if there’s no AF funding and no revenue from production by late 2023/early 2024, what do you think will happen? The dilution table was already set as the company was authorized to raise additional funds that way. That should give investors a hint and a half that things aren’t looking good. We’re not there yet, but it could happen “soon” as could AF funding (but not definitely despite opinions to the contrary). All of this adds to the uncertainty and increasing risk KBLB stock ownership represents. Bankruptcy? I don’t see that happening before the AF and dilution stories run their course and that will take some time.
Kim doesn’t have to declare bankruptcy to tank the share price. He could simply PR his impending retirement which would rank it with a quickness. But why would he want to buy the company if it’s not producing anything and has nothing of value? That lpremise - buying the company on the cheap - would suggest he actually believes production is truly on the horizon. I don’t think he believes that at all so I feel he’ll just continue to maintain the status quo - “attempts” at production - to keep the gravy train going until he’s milked the thing dry and is actually ready for retirement. At that point he won’t be able to sell his shares for much (if anything) but it won’t matter as his retirement account/s will be well topped off and that seems to have been his focus for years.
Hey Newbies…. I’ve made a few posts recently alluding to KBLB’s viability as an investment. I truly hope KBLB can one day actually earn some revenue from the sale of viable silk, but that hasn’t happened to date. I’m not saying whether anyone should buy or sell, but simply sharing my experience with those who may be considering KBLB for an investment. By reading all the Q reports, endless vague and unquantified PRs, endless PR’d promises and/or implications that never came to fruition, the CEO’s record of decision-making, etc. the decision of whether or not to buy more or sell off my KBLB position became obvious. Read all the PRs and Q reports, then correlate that info with the stock’s chart to see how the share price got to where it is. After all that reading, one might also make some assumption/inferences about the CEO and where the company is headed and whether or not further dilution is in the cards.
About me:
I’m not paid to post here (I don’t believe anyone is) and I’m a shareholder though my 20-something thousand shares aren’t enough to have a valid opinion according to a few posters. I used to have a LOT more shares but sold almost all of them after doing all the reading I suggested above. I kept the referenced 20K+ shares just in case I’m wrong and KBLB somehow pulls through in the eleventh hour. For that I’m chided by those who seem to be wearing rose-colored glasses or otherwise have disdain for a less than favorable opinion of the company and CEO. No LOLing, no sarcasm, just straight up empirical data that comes from the company itself is extremely useful in figuring things out. Good luck to all.
Noobs, pay attention:
Some people on this board think viable silk - enough to launch Spydasilk that hasn’t happened in a year and a half since it was announced to happen within “weeks” - is sitting in a warehouse just waiting for the right blend to be determined and/or for production to “ramp up” to meet “demand”. They would be wrong on all counts. The company’s 10-Q shows the same $6K amounts for “inventory” over multiple quarters. Further that “inventory” may or may not even be viable silk. Funny how the company won’t say. Regardless, even if it’s ALL viable silk, six grand ain’t enough to launch a clothing line - not even close - so that should dispel the myth that far too many still somehow believe.
“Even the great SS clothing reveal is ready but on hold until production reaches proper levels.”
No, Banana, it’s not ready. Believing it’s ready is a pipe dream.
“Repeating the same old bullshit day in and day out will not change a damn thing.”
Correct. Neither repeating the same rah-rah cheerleading statements nor the same negative remarks about Kim/KBLB will change anything. The difference between the two camps are that the naysayers have a LOT more hard empirical data from 10-Q forms (and PR promises/implications that never came to pass) to support speculation about the company whereas the cheerleaders have less of such, all coupled with the ever-dwindling share price reflecting the company’s prospects. It’s late in the 4th quarter and only a “Hail Mary” pass will give KBLB a small chance to survival without further dilution. The problem is KBLB has no quarterback at this point and the AF is the only entity that can fill that role and they have yet to step onto the field. Even if they do throw a pass, Kim has to catch it and get to the end zone (some kind of commercial quantity of viable silk) and THAT is definitely no certainty. Just a bunch of maybe-ifs are keeping the pps as “high” as it is. The clocks ticking…. All this negativity is coming from a shareholder. Yes, I still own shares, just not “enough” in the eyes of some cheerleaders to deserve a voice here. I hope something good comes to “pass” but I certainly wouldn’t want newbies to be misled by unabashed cheerleading that could taint KBLB’s grim reality. I’m trying to spend less time on this board but I still have to take a dump or two every day allowing me to comment on this turd of a company and turd of a stock while leaving a turd in the bowl.
“There are two things which will change everything in regards to KBLB, time and patience.”
WRONG. First, time is KBLB’s enemy as it’s running out of cash, has no product and dilution awaits if nothing else changes. Even worse, a shareholder must consider that Kim likely has more than enough in his retirement account/s to retire right now even if the pps went to zero. I can’t see anyone paying anything remotely close to the current pps if he were to leave so there’s that as a not-often-discussed but very real concern about the company. Patience is usually a virtue but regarding KBLB, it doesn’t seem to be, and may even be foolhardy given the decade+ amount of time some have been invested given the very real time cost of money. A strong mutual fund nets 10% annually (many a lot more) and in 10 years that’s 2.5x one’s money. 13 years would’ve yielded 3x. Depending on what one’s average cost is further multiplies the pain, or eases it if you’re one of the lucky handful who’ve got a $.01 average cost.
“…perhaps it is time to find a new home, another stock and another board.”
“Naysayers go away”, is a ridiculous notion. I’m good with all my tech/AI and energy stocks (or rather they’re good to me) so none of my holdings demand posting on a board but KBLB, despite the tiny position’s size. As long as I’m still a shareholder (which will likely be the case until late December), I’ll be back. Even thereafter I imagine infrequently returning to this board in 2024 and even 2025 (if the company lasts) just for the pure entertainment value.
Lastly, it’s, “…everything in regard to KBLB”, or better yet, “Regarding KBLB, there are two things…”.
When the company shows more than ZERO sales, THEN there might be something to talk about.
Yes, there WAS much more to it than simply bad news, but as you and most others well know, the seemingly poor prospects of a company one has invested heavily in can cause tensions to run high.
Since there’s ZERO revenue, risk, assets and liabilities (and dilution, probability of success, etc.), adds up to three point something cents. It should be obvious KBLB is now riskier than it once was.
Nobody likes the messenger when the messenger brings bad news.
***** QUICK SUMMARY OF 10-Q *****
In short, it is just more of the same old, same old....
- $0 sales
- $0 revenue
- The Scumbag CEO continues to stuff his pockets full of investor's hard-earned money
- The Scumbag CEO is now investing your hard-earned money in T-Bills (in addition to gold bars)
- Cash has decreased to $1.4 million
- Liabilities has increased to $8.3 million
- Net loss for the quarter was $589K
- No increase in inventory
- The company now owes the Scumbag CEO over $6 MILLION (an increase of over $300K over the 1st six months of 2023
I detected that you had an issue with Webslinger’s post. I copied and pasted a portion of it above so you can cite and refute any information substantively inaccurate or untrue that he took from the 10Q.
To any potential new investors:
There’s a LOT of cheerleading & naysaying on this board. One can read the thousands of posts, most of which are the ongoing squabblings between cheerleaders and naysayers, or one can Ignore it all and look at the share price, the chart, and read every PR and 10Q. Be sure to note that the company recently stated they lack the funds to carry out their plan and “hinted” at yet another dilution solution. Where will the pps go from three point something cents if dilution occurs again? There may be some funding offered by AF in the future but any potential amount, and whether or not such funding will materialize is unknown. If such funds materialize, money won’t necessarily make the worms produce viable spider-ish silk and that’s the objective problem with KBLB - the tech hasn’t worked to date. ZERO sales of viable spider-ish silk, a year and a half after Spydasilk was supposed to launch there has been no launch and no sales/revenue. There has been no tangible evidence of the commercial production of viable silk which is evidenced by the “inventory” amount on 10Q reports having remained unchanged for quite some time.
Since there was some confusion from my earlier post, you and Arachnodude encouraged me to clarify with the above.
Nobody is paid to bash KBLB. Noobs beware. KBLB is where it is for a reason. The bashing seems all organically derived as there has been nothing but bad news though some find the need to cherry pick the few breadcrumbs Kim drops, expound upon them and cling to them for dear life in the absence of anything tangible. There’s NOTHING to be gained (from a presumed competitor) by beating down the share price because the share price has nothing to do with the company’s progress or the lack thereof. Kim’s ongoing and repeated failures, false claims, lying by omission, veiled and nebulous statements, awful decision making, outright blunders and his general deceit all factor into the three to four cent range it’s now in. In fact, if he were more forthright about actual progress and his personal expectations for success, my guess is the share price would plummet even from the lowly point it’s at so perhaps we shouldn’t berate him for not being more open and honest. Absent revenue derived from the sale of viable silk (or revenue from another so called “iron in the fire”), the price will continue to go down though the receipt of any AF funds could pop the share price to double where it is. That pop would be temporary as time thereafter without the referenced revenue would force the price back down.
You’re waaayyyy off base. You clearly misunderstood the first sentence. Even if I sold my shares yesterday I’d still come to this board out of curiosity. As I’ve said in the past, I’m most motivated to post when I read a post that I think overstates KBLB’s prospects. Your post did just that, and that’s what “brought me back in” (to post again). It gave a somewhat rose-colored glasses view of KBLB’s prospects in Vietnam (so far, not so good), Kim’s earnestness (NOT) and his MO ($hitty with a capital $).
I don’t spend much time here anymore because why bother unless and until AF funds are received and/or revenue is received from the sale of viable silk? Again, it’s posts like yours that make me want to provide Noobs a more common sense view of where the company has been and what its prospects are, which better explains why it’s still under four cents despite, “coming soon”.
Just when I thought I was out they pull me back in… It’s posts like yours that keep me coming back.
“…let's just say, if KBLB and its CEO were guilty of "deceptive practices," there is no doubt we would have been notified (by the SEC).”
That’s absolutely ridiculous. Kim is VERY deceptive and has been all along. The SEC has never (to the best of our knowledge) looked into KBLB because Kim hasn’t technically broken the law. By including boilerplate disclaimers, veiled remarks and open ended language in making his claims he’s been able to deceive shareholders. All one has to do is look at the collective body of PRs claiming production and/or commercialization that never came to fruition to realize how often he’s been deceitful. If it walks like a duck and talks like a duck then it probably is a duck - or deceitfulness in this case. To restate the obvious, it’s my contention that Kim knows how unlikely it is for spider-ish silk to be reliably produced, but all he has to do is continue to try - knowing success will likely evade him - in order to continue to ride the gravy train. The forgiveness heaped upon Kim and the excuses made for the ongoing lack of production and revenue from viable silk reminds me of Stockholm Syndrome.
As for KBLB being referred to as a company in development (as an excuse for its lack of revenue and profits from the sale of viable silk), how can it be a development company when Kim claims production/commercial production? Can’t have your cake and eat it too.
The Lam Dong thing. They said, “no”, to Kim at first but then said, “yes”, later. You ascribed that change to Kim “meeting their standards” (a distinct possibility) yet it also could very easily and plausibly be explained by Kim at first being rejected because he didn’t understand the business culture there and he didn’t grease a palm and then greased it later, thus “meeting their standards”. Vietnam & other Asian countries are especially guilty of corruption built into their local and regional governments. The truth is we don’t know and never will know whether a greased palm or getting his ducks in a row was responsible for that business license. As it stands, Lam Dong has been a bust unless and until revenue and profits show up from the sale of viable silk.
The languishing, sub-four cents pps tells all what the market thinks of KBLB in the past, here in the present and in the future as well. As everyone knows, a stock’s price factors in its future value (nine months is a generally accepted time frame) which doesn’t seem as rosy as all the cheerleading implies. The bloom is off the rose. The plating has worn off of the “Golden Cross”, exposing the rusty pot metal underneath.
I was remiss. Of course there’s every shade of grey… I’ll take that markdown from two cents to one. Let’s just hope that doesn’t portend the share price in the coming months.
Bulls generally believe Spydasilk is still “coming soon”, that production of viable, salable silk is going on in Vietnam and that money from AF will ultimately yield the same. Bears generally believe neither good silk has been nor will be produced in Vietnam and that the AF money, if it comes, won’t result in any meaningful quantity of salable silk. They also doubt Spydasilk will ever come to fruition and there is not and never was enough silk to launch. Stating the obvious perhaps, but it’s worth repeating for as a baseline if nothing else.
I forgot who posted that we need to have a meaningful discourse to move forward with positive discussions (not sure if that wording is correct), but based on what I stated above, there’s not much to discuss because it’s all a waiting game. The real question is how long should one wait - without revenue and profits - before calling it, “game over”. The answer to that is different for everyone, ranging from “yesterday” to “never”. I neither visit this board nor post as much as before because it’s all seems a waste of time spinning one’s wheels. It’s not even about “production” as it’s sales and profits that matter. If sales and profits happen, GREAT! Unless and until that occurs, almost everyone here probably has better things to do.
How’s that Golden show… Golden cross doing? I recall several people touting it even though it was formed almost exclusively by group of scammers who ran up the pps then lost their shirts when few if any followed suit and the pps returned to “normal”. It’s a positive sign to be sure when there’s organic movement in a stock, but not when there’s a bowel movement.
This is where we fundamentally disagree:
“…but when he puts something out, he has the expectation that they will succeed...or they already have succeeded...contrary to what some believe, kim aint putting out bs just to placate investors.”
I doubt Kim has the expectation of success when he reveals “the next step”. I feel Kim takes actions which seem to make sense scientifically and logically to try and advance the production of spider-ish silk, but at the same time he’s probably advised of the likelihood that such efforts have a very low probability of success, which is borne out by the perpetual stream of production failures. He’s not required to disclose probabilities so he just expresses the potential upside in the majority of his PRs - yes, to placate investors - which we all know has equated to poopie diapers.
The possibility of success - the carrot - is what allows each successive act in this Sisyphus-like tragic play to continue. Placating investors with the “prospect” of success gives them hope and keeps them invested in the stock which ironically, keeps the pps as high as it is. Even a low probability is still “a chance”, so who knows. Maybe one day it hits. Kim will be even more surprised than probably anyone here.
“You are still here in KBLB land where a huge pot of gold waits at the end of the rainbow.”
Funny thing about rainbows - you can never reach the end of one you’re looking at.
Yes, and?
You seemed to argue that the ease with which Army COULD’VE made the panels into shootpacks meant that the Army failure WASN’T a debacle - at least that’s how it read. Perhaps your post should’ve been worded differently - to include your comment that not enough material was produced for the test and the Army lost patience with Kim… THEN your post mocking the OP’s post might’ve made more sense. I understand completely why the Army debacle was a debacle and that understanding concurs with yours as you’ve stated. You just didn’t make that clear in your earlier post mocking the OP.
Just using your own words. You mocked another’s post (about the Army debacle), apparently suggesting it wasn’t a debacle because all the army had to do was slip the panels into a sleeve (but chose not to do so).
“… the panels slip into a sleeve to make the pack...for testing purposes, you DONT WANT to put them together...
oh no!...what a debacle!...LOL...”
Yes, I’ve read the PRs and love letters from Kim. I’ve also taken into account what’s NOT been said and those things about which obviously deceptive language has been used. All of the above have formed my opinion of the company. You could say I view KBLB though Kim-colored glasses and it would behoove others to don a pair.
For the UMPTEENTH TIME!!! ONCE AGAIN!!!
Nothing posted on this board will prevent worms from producing viable silk - the tech already does that.
“It requires the opposite of the constant minimization and/or company attacks on every bit of progress past and present.”
“You’ve gotta take the bitter with the batter” and “you can’t have your cake and eat it too”, are tried and true sayings that apply here. One can’t cherry pick the things viewed as positive without the context of the negative. Kim doesn’t post the negative and he lies by omission, so those omissions & negatives have to be brought to light and that gets done here. If KBLB ever produces and sells viable silk, I’ll scream that from the mountaintops, tell everyone I know and buy more shares. Absent that, nope.
Clearly the Army didn’t want to slip them into a sleeve to make a pack… for testing.
I invested in the end result. It’s the future prospect of that end result which dictates where a share price goes for a company like KBLB still in development. Unfortunately the market doesn’t believe in the prospect of KBLB’s success as I defined it or the pps would be a hell of a lot more than three or four cents. The Kimboy cried, “Wolf”, too many times to have any credibility.
Seeing how true dragline spider silk harvested from real spiders is currently being used - successfully per medical journals - in surgeries to stimulate nerve regeneration, that bodes well for the prospect of commercializing real spider silk farming. If those samples Kim allegedly sent out to medical concerns gets tested and approved, that would be great for KBLB because they wouldn’t have to achieve mass production - they could get by on small quantities which is all they’ve ever produced but such approval remains to be seen. “Remains to be seen”, seems to be a KBLB thing.
Months ago I posited harvesting actual spider silk in relatively small quantities which was soundly pooh-poohed here (Harvesting real spider silk undermines KBLB raison d‘etre) because as everyone “knows”, it’s prohibitively costly to harvest spider silk. Maybe that’s not true as it turns out. Reading the article you posted (and following the links to related medical paper publications) revealed that a single spider (I won’t get into specific type, etc.) produces 500 meters of dragline silk at a rate mechanically induced (without harming the spider) at a rate of 150 meters per hour. With the prostate nerve regeneration surgeries having shown success with spider silk bundles helping to regrow nerves over a 5-8cm span, it’d be nice to know what length of silk was needed to create the silk bundles (multiple strands of silk) spanning such a small gap but I wasn’t able to find that (don’t care to spend any more time digging). I’d guess it’d be in the hundreds of meters but probably no more than a few thousand. Whatever that number is, I got the impression it wasn’t an exorbitant number and could easily be produced by just a few spiders. VERY interesting and could hold promise for those with spinal and other nerve injuries that could hep them, walk, see, “get it up”, etc.. if this natural spider silk gets approved for widespread medical use, they could charge many hundreds if not thousands of dollars for each surgical bundle. I know it could be argued that KBLB’s silk could be used in the same capacity as the real spider silk, but nowhere did I see anything in the article/s about transgenic spider-ish silk, just the real stuff.
Oh what a tangled web Kim weaves when first he practices to deceive…
Nothing was launched. $6K+ of silk in inventory doesn’t equate to hundreds of kilos, even if you subtract some kilos for samples sent out.
“Saying the quantity produced was “tiny” is not proven with comments about the lack of a PR stating 100s of kilos were produced. That is not proof of anything.”
SURE IT IS. Yes, my “opinion” was validated as fact by the “tiny” $6K+ of inventory which may or may not even be entirely derived from silk. So at MOST, there was $6K worth of silk produced in the “biggest batch ever” which also proves Kim’s misrepresentation - intentionally deceptive use of language - misled some shareholders to believe there was more silk than was actually produced. Do the math to estimate just how little silk that actually is. Could some of it have been sent out as samples, lowering the amount in inventory? Sure, but not by much.
A definition for success (for KBLB):
Ongoing revenue (and profits) from the sale of viable silk and of course reliable, ongoing, production to support those sales. The tech hasn’t worked yet, reliably or commercially. That’s the problem.
“I have also stated that I consider 100 kilos as a large amount, rather than what you think is "a tiny" amount.”
No! I never said 100 kilos was “tiny”. Please stop harping on that. I said it was LESS THAN 100 kilos - and in the distant past I added it was probably a LOT less than 100 kilos because had it been anywhere near 100 it would’ve been considered a “win” meriting quantification. That Kim stated “biggest ever” and DIDN’T quantify obviated it was most likely less than 100 kilos, probably a LOT less. BTW, referring back to your statement in question, you believed it was 100’s of kilos produced in their “greatest quantity ever”. Not a chance that was the case.
You and I agree that 100 kilos would be considered significant - and would’ve been a win for KBLB but that obviously did not happen.
“I wish you would have been there earlier to cushion my fall and helped me back on the turnip truck. SMH”
One can lead a horse to water but one can’t make it drink, dag nabbit! As for that turnip truck, enjoy the ride. BTW SYH too much and you’ll need to see a D.C.