<< ...maybe you should follow your own advice .. whoops do you have shares?? >>
I would appreciate if you would be a little more civil in your responses to me. I understand that you are frustrated with KBLB, but please don't take it out on others.
Yes, I did follow my own advice. I got in last summer after a friend told me about the stock. The technology seemed very cool. But over the months, I did my DD and found that KBLB was only selling hope (and they didn't actually have a real product). But despite that, I still held onto the stock for a few more months "hoping" that things would change (sort of like many on this board). But once (1) they couldn't deliver the shootpacks (for the 2nd time), (2) a news article surfaced that showed that MARD had once again denied KBLB from entering Vietnam, and (3) someone showed that there wasn't even a process in Vietnam for transgenic animals, I decided to sell about a month or so ago. Unfortunately, I had to take a loss on the stock when I sold.
I still follow the board hoping that things will change, since I love the idea behind the technology. If things do change for the positive, I might invest again. But at this point, the share price is going to continue dropping. The bottom line is that they have NO means of generating income. The only customer that they have had in 10 years is the Army and that was just a 9 month contract (which has now turned into about 1.5 years). And there is a good chance that might lose the Army as a customer (since they have missed the 1st delivery 2x).
Even if the shootpacks are finally delivered and / or the custom fiber is ever delivered, I don't think that will change anything (since all it does is complete the contract that has already been paid for). The only thing that will change the downward motion of the share price will be if they either (a) get another Army contract or (b) get a customer to buy their product. I don't see any of those things happening this year (since they can't seem to produce fiber in quantity).
