![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, April 09, 2021 2:59:33 PM
Looks can be deceiving. This PR did not break significant new ground. No argument there. What was the interpretation of the previous releases regarding securing funding, increasing staffing, securing materials, accelerating production schedules, etc? What do those sound like? They "sound like" the company is growing, expanding and producing at even greater levels than they anticipated, don't they? not all hope is lost.
That's not my point. My point is that there is absolutely nothing new in today's PR, so there is no reason to release it as a PR. KBLB could have posted this on their FB page and website for free. But no, they paid to have this already-announced information released to the public. Again. This information isn't news. They're wasting money. Every time they release a PR that says absolutely nothing new or useful, they're taking away hope & credibility, and it shows in the share price reactions.
If there's nothing new in today's PR, it's only meant to pop the share price, or at least stop the steady decrease that has been seen for the last month. If the purpose behind that is so that the CEO can continue to sell shares through his corporate sell program for more than he would if he DIDN'T PR this, then that should be illegal. Plus, if he really believed that this stock was going to double or triple (at a minimum) in the next few weeks or months, or even if he just had knowledge that the company was actually going to make money soon - which almost guarantees that the stock price will increase - why would he sell anything now? He made millions of dollars over the last few years from stock he has already sold, so he doesn't need the money. So if he's selling now, why? And if he's selling his shares, why shouldn't anyone else?
This is all on-topic!
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
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM