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I are can be whatever say you...forever...
"I have even more confidence in my thesis"
"thesis", lol...thats a good one...you arent even using the word correctly...you have basically trashed your personal opinion over the years so that it is immediately disregarded...now you want to use "thesis" in an attempt to add credibility because it sounds so scholarly...SMH...
"Regardless of what happens today tomorrow or Friday,"
so even if your short term opinions are wrong, it doesnt matter because you have such confidence in your long term predictions...but not so much in your short term ones?...
"There's definitely a whole lot going on by September 10th"
what does Sept 10th have to do with anything?...the vote on r/s is Oct 31st...
"Anyone else recall last time they were shot down when requesting a reverse split?"
i cant remember...theres been so many reverse splits in fcel's history...
then the contract is toast...there is no business that can be accomplished in the next 3 months that would matter or that the Kings would waste their time on...one can believe that the contract hasnt been terminated but it IS at this time, essentially worthless...the argument is simply semantics...
a new contract needs to be negotiated or the current one needs to be extended...and if we are going to have substantial amounts of DS to deliver in Sept, then that has to happen soon...
but i see the fact that kblb stated that the DS will be "for sale" as opposed to being "delivered" says a lot...it tells me that that DS aint going to Spydasilk...and the fact that in the 10q they took off reference to their $40 mil contract with Spydasilk tells me it is no longer relevant...
whether they have terminated the contract or it will simply die on Nov 23rd doesnt really matter...
but as i said, they COULD renegotiate or extend the contract...but that doesnt explain removing it from the 10q...and the explanation given for the removal makes no sense at all...
as for reporting the termination of a lease for a bldg they never occupied being comparable to announcing the termination of a $40 mil contract, i just dont see that as equal...or even close...
on the other hand, im fine if the Kings contract is dead...never particularly liked it anyway and never cared for MTM at all...i have no doubt we can sell however much DS we make to any number of potential buyers...and we are no longer locked into a contract so we can look for bigger and better...
or it can mean that its essentially a dead cat bounce and will continue its downtrend since nothing at all has changed...
"There are a few things that I hope will happen in the near future is the approval of the 45V credits and more news from Korea and Toyota. Things could change very rapidly here to the upside."
i dont think fcel benefits much from the 45v...but they will get a pop, no doubt...just because they are in the space...
as far as i can tell, the business they recently got from Korea was mandated as a result of a lawsuit...im skeptical that they will get much NEW business from Korea...Korea does have to replace or upgrade some of their old cells but i dont believe they HAVE to do that with FCEL...
i dont see anything happening with Toyota...much the same as many thought the military would shower fcel with contracts for all their bases after groton came on line......groton was a hot mess...if the military does decide to go with something that fcel did, something tells me they will go with someone other than fcel...or they can go with what makes more sense, such as a small modular reactor...
theres always the possbility that something could pop fcel's pps...if that happens, i will trade it for profits...i see absolutely no need at this time to buy and hold fcel at ANY price...
"FCE will not go bankrupt."
probably not any time soon...so long as fcel can screw their shareholders with r/s and dilution...the problem is you are trying to make money betting on the fact that fcel shares will rise...not on whether they go bk or not...
NKLA r/s at the end of June...a year ago their shares were worth $1.60...they r/s at the end of June at about 35 cents...their pps right now adjusted for the r/s is about 24 cents...
they also probably wont go out of business anytime soon because they can screw their shareholders to create cash...
fcel shares were about $1.60 a year ago...they are now down to 44 cents and now want to do a r/s...after which you can bet they will announce a plan to dilute more shares...just like NKLA did...
the similarities are there...its like fcel is following NKLA's playbook...
fcel may not go BK (soon) but that doesnt meant they cant still drop in pps losing investors even more money...
heck yea...down 20% yesterday and up 6% today...whats not to like?...
when a stock drops 20% bouncing back the next day isnt unusual...gotta wait for the dust to settle a bit to find out whats really going to happen...
and i dont think you are going to like what happens...
" The market cap being at 200 million with 300 million cash on hand."
that $300 mil came from dilution...fcel could dilute and put another $100 mil in the bank...would that make fcel appear more valuable against the market cap?...maybe they could dilute the living crap out of the stock and put $500 mil more in the bank while dropping the pps to a penny...wouldnt that be great?...
the market cap is $200 mil because investors understand that that $300 mil didnt come from profits, it came from the backs of shareholders who lost value in their stock as a result of it...
after the reverse split happens, fcel will once again dilute for cash and they will have far more than that $300 mil in the bank...but the r/s and dilution will devastate current shareholders...the pps will be much higher and the outstanding shares will be much lower through the smoke and mirrors of the r/s...so the company will be just fine...its just shareholders that will lose...
fixating on just the low market cap vs higher cash on hand doesnt explain why that is the case...there is a very good reason why that is the case...
lol...
"I was also reminded earlier fuel cell energy can get an extension on the time frame to regain compliance with the bid requirements for NASDAQ."
extensions on nasdaq compliance are almost automatic...you think Few doesnt know this?...yet he still wants to do a r/s...waht does that tell you?...it tells me he knows it will have to be done...a few more months wont matter...
"Chances of reverse split just dwindle."
LMAO!...the r/s was just announced this morning!...the stock is selling off with huge volume...over 20% down now...
but the chances of a r/s are dwindling?....
SMGDH
20% down now....on just the news that fcel wants to do a r/s...and many who are at work probably havent even heard the news yet...this is an unfortunate situation for shareholders...do you sell and try to preserve your capital or do you hang on and hope for the best?...and hope the pps doesnt continue to just drop?....
"From what I See they don't need to raise cash for at least a year"
the only reason they have that cash on hand is because they have been diluting all along and trying not to use that cash...when the r/s occurs, it is GUARANTEED they will continue on with the dilution...and probably at a faster pace...
one of the biggest problems they have is that they hired hundreds of employees years ago in anticipation of lots of new business...that business never came and the employees have been a HUGE drain on finances...i believe they did SOME layoffs but not nearly the amount required...
they will need to have a lot of new business pdq or they will need to layoff hundreds of employees as hopester suggested...without having much new business, i have NO IDEA why those hundreds of new employees were even needed...
"Part 2 Now let's talk about delisting. I'm not crystal clear on exactly what that entails."
its not rocket science...nasdaq kicks fcel off their platform and onto the otc with all the other trash...
"Which is why they're proactively requesting a meeting asking for permission to do a reverse split."
"proactively"??...lol....they are making a desperation move that will hurt the stock, company and ESPECIALLY shareholders because they have no other choice...there is NOTHING "proactive" about it...
"Some may recall I was an advocate for increasing the share count maximum"
which is utterly meaningless to the situation at hand...
"If my thesis is correct, We will hold over 40 cents"
no "thesis" of yours has EVER been correct...
"Even though bears and shorts were lucky enough to get the share price below 50 cents and the market cap down under $250 million"
lmao!...it was fcel and the ceo himself who did this...he has announced a r/s...that has ALWAYS created a drop in the pps...you keep wanting to blame bears and shorts...the problem is an incompetent ceo and a floundering company...and until you are willing to recognize what the REAL problems are, you will continue to be wrong...
"The market consensus would have to be potential for bankruptcy or delisting."
wrong...delisting was staring everyone in the face...for a very long time you and a few others didnt think it could happen...a very long downtrend dragging the pps lower and lower didnt seem to faze you at all...others saw where this was headed......if BK becomes a significant issue, the pps would be a nickel or less.....you better hope the r/s passes cause a nickel is what you are looking at if it doesnt...
"They have plenty of cash for operations for the next eight quarters"
the only reason they have any cash at all is because they continually dilute to keep the company above water...fcel is following nkla's lead...they will r/s, reduce the outstanding shares and capitalize on the newly manufactured pps to dilute the crap out of shareholders...yet again...the good news is that you will STILL be able to harp on the cash they have in the bank...lol
ANN ARBOR, Mich., – June 3, 2024 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company” or “Kraig Labs”), announces today that Kraig Labs is now in production with its BAM-1 recombinant spider silk hybrids. The Company originally planned this launch for July, but the resounding successes of the production trials positioned Kraig Labs to accelerate its 2024 production schedule.
This production cycle serves as a critical transition for the Company’s commercialization of sustainable and cost-effective spider silk production. This announcement marks the Company’s first transition of true production hybrids to the manufacturing environment. This rearing cycle also represents more than a 10X increase in production over the spring trials and is the largest single batch of spider silk production in the Company’s operating history.
The BAM-1 hybrids exhibited an excellent hatching yield and continue to show strong and uniform growth. The Company’s team has been closely monitoring their health and is proud to report that, just like the spring trials, it has not observed any sign of disease or weakness within the colony.
The BAM-1 hybrids were created by integrating the Company’s recombinant spider silk technology, Dragon SilkTM, into two robust commercial silkworm strains. These two silkworm strains created the parental lines that, when combined, produce the BAM-1 hybrids. The BAM-1 hybrids result in the largest cocoons and most robust silkworms Kraig Labs has producedThis, in turn, results in higher silk yield and improved production efficiency, while maintaining fiber material performance, as the Company scales up its spider silk production operations.
“This successful launch of the BAM-1 hybrids is the result of more than a year of focused development by our team. The spring production trials demonstrated that we have brought together the right team, the right technology, and the right facilities to make 2024 a breakout year for the commercialization of spider silk,” said Founder and CEO of Kraig Labs, Kim Thompson. “This cycle puts us securely on the path to reaching our first production milestone of a metric ton of spider silk.”
Over the coming weeks, the Company will provide additional updates on this production cycle and its plans for continued production growth and end-market developments."
these were the hybrids and no sign of disease were observed...or one can say, they were disease free...
another way to look at it is without the r/s they recently did, the pps would be 24 pennies...
one of the reasons companies in dire straits like to do a r/s is so that they can reduce the mountain of outstanding shares they created and make them appear quite small again...then they can start diluting all over again at a higher pps...
still hyping up nkla?...why?...lol
"Nikola Corporation (NKLA -10.64%) stock tumbled 10% in early trading Monday before recovering a bit. The fuel cell-powered truckmaker filed a form S-3 with the Securities and Exchange Commission (SEC) this morning, describing its plan to raise $500 million through issuances of new debt, convertible debt, and shares in the company."
the stock is down over 10%...on heavy volume...well, heavy volume for them...
the third reason hes so fixated is that he wants to justify the extreme arrogance he used when recommending that everyone buy the stock from the 20's all the way down...he expressed how CERTAIN he was that the stock would go to $100 per share and how ignorant and unintelligent you would have to be not to see it...
now the stock is 50 cents and of course he now says that he knew all along that $29 would never hold because it got there with nothing but hope, smoke and mirrors...he now says he always knew the stock would drop?....
i dont know...hes all over the place...
“ I am puzzled why he is so fixated on FCEL”
It’s a combination of mom and pop investing where your stock becomes more of a team that you cheer on whether they win or lose…but it’s also the gamblers thing where you are sure it’s a one in a million stock that will make you rich…and you just can’t stop betting on it…no matter how far or how long it drops…
"I would recommend you watch the video before commenting on it."
yea, i dont think so...i value my time and have no need to listen to a failed executive...
"They need partners but ones sharing the same vision and urgency for decarbonizing the transportation sector."
their problem isnt really about a sense of urgency to decarbonize the transportation sector....the urgency is a need to sell trucks so they can keep their head above water without diluting the crap out of the stock...or they will go BK...pretending its about "decarbonizing the transportation sector" is a nice way to distract from the real issue which is that nkla has one foot in BK and the other on a banana peel...
a prior ceo and founder of nkla went to prison for fraud after he lied about how nkla was progressing...this current ceo was the chairman of the board in 2020...the pps was about $1500...a year ago he was made the ceo when the pps was about $60...the pps is now $8...
i dont think hes the savior of nkla...at least he isnt showing that to be the case...
"Certainly not a team that are panicking but certainly one that cannot have delays to their execution plan."
hmmm...maybe its time to panic?...
until i hear from an executive at kblb that the deal is still on, im considering the deal to have been terminated...
if the deal IS terminated, i think that is just fine...leaves kblb able to pursue some other deal with larger entities or the ability to send more DS to a medical supplier, military or whomever...and if it is still on, oh well...guess we'll just have to go with it and make some money that way...
"I did not hear panic."
me either because i did not listen to the video...all i did was read the short quote that was posted...thats all i needed...
"if they're late by a year, no one in their company cares, if we're late by a year we're out of business. We go to work every day like our life depends upon it, because it does, this is all we do"
panic and desperation...
"and we need to find Partners who feel the same way."
big talk from a 28 cent company...but hes got to pretend...hes gotta act like hes coming from a position of strength...which he clearly is not...and everyone knows it...
he must have gone to the bathroom after that and threw up....lol
no...they dont...and the word is SHILL...
there is little difference to the oil companies bewteen oil and hydrogen...except the cost to make hydrogen as big as oil...
if the Gov spends the trillions of dollars it will take to build the infrastructure and hands out tax credit like candy at halloween, big oil will gladly be all in...they will be in control of hydrogen just like they were oil...they will periodically raise the price of hydrogen to the consumer insuring that they will ALWAYS have tens or hundreds of billions in profit...and if the consumers complain, well its just the cost of having a clean environment!...you do want a clean environment...right?.....for your children and all the puppies?...lol
but if the Gov doesnt sent out wefare checks to big oil, then they will gladly keep things just as they are...pretending to struggle mightily in discovering new ways to combat all that nasty carbon problem...but only if they can profit hugely from it...if they actually discover a way to do it cheaply, it will never see the light of day...
if NKLA had not done that recent 1-30 reverse split, their share price would be 28 cents today...what you are hearing and seeing from NKLA's ceo is near panic and desperation...he knows hes very close to being the ceo that sends NKLA into bankruptcy...which will mean the end of his career and be his legacy...
oh well...stuff happens...
there is little difference to the oil companies bewteen oil and hydrogen...except the cost to make hydrogen as big as oil...
if the Gov spends the trillions of dollars it will take to build the infrastructure and hands out tax credit like candy at halloween, big oil will gladly be all in...they will be in control of hydrogen just like they were oil...they will periodically raise the price of hydrogen to the consumer insuring that they will ALWAYS have tens or hundreds of billions in profit...and if the consumers complain, well its just the cost of having a clean environment!...you do want a clean environment...right?.....for your children and all the puppies?...lol
but if the Gov doesnt sent out wefare checks to big oil, then they will gladly keep things just as they are...pretending to struggle mightily in discovering new ways to combat all that nasty carbon problem...but only if they can profit hugely from it...if they actually discover a way to do it cheaply, it will never see the light of day...
if NKLA had not done that recent 1-30 reverse split, their share price would be 28 cents today...what you are hearing and seeing from NKLA's ceo is near panic and desperation...he knows hes very close to being the ceo that sends NKLA into bankruptcy...which will mean the end of his career and be his legacy...
oh well...stuff happens...
i listened to him and heard him quite clear...
"step right up folks and listen to what i am about to say!...you say you want clean air?...you say you want zero emissions?...well ive got the elixer for a sick world that you are looking for right here!...its a miracle fuel called hydrogen...GREEN hydrogen to be exact...CLEAN hydrogen...whats it going to cost you ask?...why, next to nothing!...all its gonna take is a few trillion Fed dollars to build out the infrastructure and huge tax credits from now until the rapture...and all it will cost you personally is twice what you pay now for gas....now is that too much to ask for a clean environment for your children and little puppies?....I THINK NOT!...
And not a very good one…
But he casted his line and has certainly hooked WTM who never ceases to post that guys ranting on and on about the hydrogen/ snake oil he’s selling…
this is the first time i have bothered to actually listen to a little bit of that guys podcast...the guy is reading from a script and sounds too much like a carnival barker for my taste...and all the promises that the hubs will hire thousands, put a chicken in every pot, help children and save puppies, is just a little too over the top...
" that has been introduced by the IRS staff under pressure from some lobbyists so the proposed 45V are changing the law"
lobbyists pressured the IRS?...hardly...but i guess that is one way to make it sound wrong...
imo, the IRS is following established rules and existing laws...there ARE established rules and existing laws...like a million of them...just because congress wants a free meal ticket for themselves and certain big businesses doesnt mean its gonna happen...or happen just the way they hope it will...
Biden sign the IRA into law exactly 2 yrs ago...and there is STILL talking and negotiations going on about its implimentation...what does that say about our system of Gov?....it says that there are seperations between the legislative, judicial and executive branches of Gov....as there should be...
just because congress passes a bill (and the president signs it) that says they want certain tax breaks for certain businesses doesnt mean its going to happen exactly the way they want...it WILL happen...but it will be implemented in a manner that is consistent with existing rules and laws....you can legislate away the laws that you dont like...but you cant pretend they dont exist...
the supreme court took some power away from agencies...and turned things back to the way they used to be...now its a matter of filing stuff in the right jurisdiction and trying to buy the right judge...its a change, but not much of one...everything is still going to be just as difficult as it was before...six of one and a half dozen of another...
i really dont think this is a lobbyist issue...
“fortunately the company isn't the stock”
They also aren’t completely disconnected…aapl is a big well run profitable company and their pps and market cap reflect that…
Nkla is a struggling company trying to make a go of it and is not doing well…and their pps and market cap reflect that…as does the reverse split they recently did in order to desperately puff up the pps with smoke and mirrors…
“If they double the usage again in H2 this year it will be even more important”
I hope it’s not something that will make or break plug because it ain’t looking good for Nkla…
And what’s up with that pathetic truck stop they installed in LA?…it looks like an old goodwill drop off location for used clothing…
It might not be wise to try to align plug’s future potential to nkla’s…
“The Agency has to follow the law not make it up as they go along”
That’s my point…they ARE following the law…the laws that already exist regarding taxation…and from those came the rules the IRS follows…
The bill wants 45v…they are getting 45v…it’s just not the 45v they were hoping for because the IRS has to implement it in a manner prescribed by existing law…
The bill was just a wish list of what the senators wanted…they asked for a kazillion dollars and to be taxed less…but if the bill didn’t change existing law as to taxation..that’s on them…
sue the IRS?…lol…we’ll see how that works out after about 9 yrs of working it’s way through the court system…
"Senate letters to agencies that say the agency misinterpreted the law are extremely rare- and usually only signed by 2 or 3 senators."
because its useless...the agencies have made their decision and they dont really care what a couple of senators think about it...if the 45v is such a big deal, the letter should have been signed by at least 50 senators...anything less is meaningless...
"Of course they are self-serving, they wrote the law!"
Sen. Munchkin kidnapped that bill, made tons of changes to it, and held it hostage until what HE wanted was approved...the states these senators represent just happen to have been chosen for hubs...so now that they get to reap the benefits of Fed welfare money, they are on board...
why do you think no other senators signed that letter?...
"treasury's mandate is to design rules that follow laws' intent"
thats the dream...but its not the reality...the treasury is an executive agency...congress is legislative...IRS is a part of the Treasury...the IRS has already ruled on how the taxation will apply, based on THEIR rules and existing laws that are applicable...thats what they do...despite the wishes of any particular senators or letters they may write...the senators can write whatever bill they choose, but if that conflicts with laws that already exist, then thats a problem...and the IRS has ruled on how they will proceed...
if the senators had some other recourse, dont you think they would have used them?...instead they write a letter to the IRS begging them to change their minds...that should be a big hint as to how much they can actually do...
and maybe the IRS will change their minds...who knows?...im sure theres a lot of back room negotiations going on...but i sure as heck aint gonna buy any fcel shares on that coin flip...
"I'd also add none of the hydrogen names are priced for this- a perfect setup."
if the IRS changes its mind, sure there will be a bump in the pps of those companies that stand to benefit...i dont think fcel is really going to benefit from the change, but it will rise on the backs of others...as usual...and then it will resume its poor performance...
Why do we keep hearing about NKLA?…they did a 1-30 reverse split less than 2 months ago…if it wasn’t for that, their pps would be about 28 cents…
Not sure why anyone should give a crap about that company or any lofty hopes and dreams that the ceo is spewing…
Less than 3 yrs ago, the stock was at $475 per share…now it’s 8 bucks…shareholders have been beaten down and dragged into the street…
But the ceo sees nothing but good times in the near future…
Lmao
“ the letter was signed by 13 senators”
That’s it??…13 out of 100?…senators from states who will benefit from the hydrogen hubs?…
16 states involved with hubs with 32 senators and they got 13 to sign?…is that supposed to be significant?…
The 45v change may pass or it may not…but I highly doubt the pleas from a few self serving senators who want to cash in on Fed Gov welfare checks will be what sways the decision…
since a few billion dollars have been spent, of course we need to spend a few hundred billion more so the few billion dont go to waste?...
smh...
some have bought a bit and others have sold...
pps is 45 pennies...down 7% today...no surprise there either...
"ALL these institutions ADDED shares of FCEL. NONE SOLD"
they just didnt tell you about the ones that sold, choosing only to pump...but they did say this: "Several other hedge funds also recently bought and sold shares of FCEL."
for the record, Tidal's average pps of fcel is $1.19...Vanguard is $1.28...Zurcher is $1.60...
and after the reverse split, heads will roll at those institutions...lol
are you trying to tell me that you have never given an opinion on a post not addressed to you?...
i repeat:
Do you not understand the concept of an open forum message board?…
Here’s a quick lesson…you can give an opinion to any comment made here and so can I….lesson over…
“ What is your reason for replying to a post not even addressed to you? ”
You responded to a post not addressed to you and demand to know why I did the same??…lol
Do you not understand the concept of an open forum message board?…
Here’s a quick lesson…you can give an opinion to any comment made here and so can I….lesson over…
"JB, I enjoy reading all of BB's posts."
yes...you've said so several times...for some unknown reason...
" His posts are informative"
they are just cut and paste of articles he comes across while spending many hours googling..the vast majority are utterly meaningless...
"and more importantly balanced, as he posts both positive and negative articles"
hmmmmm...one negative in sea of positive isnt what i call "balanced"...
"I also appreciate his predictions, even when wrong, because, again, he has credibility"
you appreciate wrong predictions because he has credibility?...what?...lol...when has he been right?..
"and so he might just be off on the timing."
oh good grief...so if hes right, he could actually be wrong cause it might be just a timing issue?...
"But 10 times of an unknown is meaningless."
it is not a completely unknown...
from June 17 pr:
"This rearing of the BAM-1 hybrids represents a 10X increase in production volume when compared to the spring trials. This cycle has generated more than 325 pounds of recombinant spider silk cocoons that will be processed into finished recombinant spider silk. This is the largest batch of recombinant spider silk cocoons ever produced."
many have determined that this equates to 32 lbs of DS...
from June 25 pr:
"Based on the strong results of the last production batch, Kraig Labs elected to increase egg production this cycle. This represents the largest egg production in the Company’s history. These eggs are slated for rearing within the next 30 days."
July 22 pr:
"ANN ARBOR, Mich., – July 22, 2024– Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company” or “Kraig Labs“), announces the launch of its third and largest production cycle of the 2024 spider silk production season."
so, larger than 32 lbs...how much larger?...we dont know...is 50 lbs out of the question?...75 lbs?...
July 29 pr:
"announces that it has entered the rapid growth rearing phase for its third spider silk production cycle of the season. During this phase, the silkworms grow exponentially in preparation for spinning the Company’s proprietary recombinant spider silk cocoons.
Over the last week, the Company has taken steps to add additional production space to accommodate the rapidly growing silkworms during this phase."
they needed more room...hmmm
today's pr:
"This production cycle is the second of many scheduled for this year as Kraig Labs continues the expansion of its BAM-1 production hybrids."
these cycles seem to be happening at the rate of one a month...
"Dr. Nirmal Kumar and our team have laid a strong foundation for the massive scale-up in spider silk production, which is now underway."
MASSIVE...
" Dr. Nirmal Kumar will also lead and train the team in large-scale selective matings in preparation for a 10X increase in capacity as the rainy season concludes."
so knowing what we now know, we can say that we created 32 lbs of DS during the last cycle...this cycle is bigger...there will be at least 2 more cycles while before the rainy season ends and we jump to 10 times what we are producing...
everyone can make whatever determination they want from the info we know...but we are NOT going to grow 10 times from an UNKNOWN....we do have a minimum...