Kraig Biocraft Laboratories Inc (KBLB)

[dragon_silk]

“ What would he possibly have to gain from this? 3 weeks of share price appreciation only to have it CRATER when he has nothing at the press conference?”

I didn’t say he doesn’t have anything significant to share. I’m sure it indeed will be a “scientific breakthrough”. Some however seem to expect this is going to the moon upon the announcement and that he’ll be announcing sales or some deal with another company. That’s what I doubt. Kim will likely just be talking about the “breakthrough”. I think there will be a lot of disappointment based on the expectations posted here.

What I am saying is other than a short term bump in share price, I don’t expect it to significantly help the share price longer term unless he’s going to give a positive update on mass production and/or sales. If this webcast is just about yet another scientific breakthrough (he’s announced several over the years ) then I’m not the only one who will be selling the news. Need sales. Need mass production. No one wants to hear about another breakthrough if it means even more delays.

I won’t be disappointment because my expectations are already low for this event. By the way, he invited press to attend the webcast. He said nothing about allowing the press or anyone to ask or submit questions. If that’s the case , then it’s another reason to believe this is a dog and pony show and remain skeptical.