Just when I thought I was out they pull me back in… It’s posts like yours that keep me coming back.
“…let's just say, if KBLB and its CEO were guilty of "deceptive practices," there is no doubt we would have been notified (by the SEC).”
That’s absolutely ridiculous. Kim is VERY deceptive and has been all along. The SEC has never (to the best of our knowledge) looked into KBLB because Kim hasn’t technically broken the law. By including boilerplate disclaimers, veiled remarks and open ended language in making his claims he’s been able to deceive shareholders. All one has to do is look at the collective body of PRs claiming production and/or commercialization that never came to fruition to realize how often he’s been deceitful. If it walks like a duck and talks like a duck then it probably is a duck - or deceitfulness in this case. To restate the obvious, it’s my contention that Kim knows how unlikely it is for spider-ish silk to be reliably produced, but all he has to do is continue to try - knowing success will likely evade him - in order to continue to ride the gravy train. The forgiveness heaped upon Kim and the excuses made for the ongoing lack of production and revenue from viable silk reminds me of Stockholm Syndrome.
As for KBLB being referred to as a company in development (as an excuse for its lack of revenue and profits from the sale of viable silk), how can it be a development company when Kim claims production/commercial production? Can’t have your cake and eat it too.
The Lam Dong thing. They said, “no”, to Kim at first but then said, “yes”, later. You ascribed that change to Kim “meeting their standards” (a distinct possibility) yet it also could very easily and plausibly be explained by Kim at first being rejected because he didn’t understand the business culture there and he didn’t grease a palm and then greased it later, thus “meeting their standards”. Vietnam & other Asian countries are especially guilty of corruption built into their local and regional governments. The truth is we don’t know and never will know whether a greased palm or getting his ducks in a row was responsible for that business license. As it stands, Lam Dong has been a bust unless and until revenue and profits show up from the sale of viable silk.
The languishing, sub-four cents pps tells all what the market thinks of KBLB in the past, here in the present and in the future as well. As everyone knows, a stock’s price factors in its future value (nine months is a generally accepted time frame) which doesn’t seem as rosy as all the cheerleading implies. The bloom is off the rose. The plating has worn off of the “Golden Cross”, exposing the rusty pot metal underneath.
AI
