Thursday, August 13, 2015 10:47:01 AM
I agree, but that is what people are upset about. If you look back far enough, there are articles that state that commercialization of Monster Silk® would happen by the end of 2012. This along with a shareholder call that never happened, another goal of metric tons by mid-2014 which may or may not have occured, the silence surrounding Big Red and SpiderPillar®, and the year and a half delay of Vietnam are causing people to doubt that this company is making any progress at all.
I know that the agreement with Warwick Mills was significant and that Kim is supposedly in talks with other companies, but despite all of this, he has yet to actually sell any silk whatsoever. All of his secrecy concerning where KBLB is actually at is negatively affecting the share price. He actually may be farther along than many assume, but unless he explicitly states numbers, people are going to assume that there has been no progress and the share price will suffer (and is).
The science is sound. Kim has the Spider Silk. He has in development much better versions of the Spider Silk. All he needs to do at this point is follow the 3000 year old process to breed the worms to create enough silk to sell or actually sell it if he has already done this. That is what investors are waiting on. They dont want nothing to change at this point, they want visible, transparent progress.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
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