Investors Hub SGMO really got it wrong today!:
Read carefully there is nothing in the KBLB news release to indicate that the worms crossed with the larger commercial worms incorporated the zinc finger modifications.
That would be extremely unlikely IMHO because there hasn't been nearly enough time to both incorporate the zinc finger modifications AND THEN do the cross breeding.
In addition the name given to the hybrid worms, "Monster hybrid" indicates that the Monster Silk worms (i.e.: without the Zinc finger modifications) were used to make the cross.
So this is all about the commericial silk market not the high tech silk market as apparently the I Hub KBLB board well realizes. But the SGMO I V board apparently misunderstood and thought that the news was about worms incorporating the ZF modifications. And SGMO is up far more (high of 8% up so far) than KBLB (high of about 3 1/2% so far).
SGMO will probably drop back down a bit when their investors realize that this one wasn't about zinc fingers. So if anyone is about to buy SGMO I would suggest waiting a day or two to see if the price drops back when the realization that zinc fingers were not involved in today's KBLB release hits.
(Disclosure: I am about to enlarge my SGMO position myself and will certainly be waiting for such a pullback). If not I'll buy more anyway (I'm not trading just enlarging a position.)
Enjoy a bit of a free ride on KBLB, SGMO! Consider it a "tip" for the zinc fingers!
I am now inclined to expect that the KBLB CC will be strongly centered around the Monster silk developments and any discussion of zinc finger work will be done in later CCs (how much later (or sooner) is anyones guess. Could be in a few weeks, maybe a bit longer. When it does come it should be a huge boost for both KBLB and SGMO as it will be the first zinc finger product to be ready to take to market (no clinical trials required, no regulatory approval for GMO release required (and commercial silkworms (having been domesticated for thousands of years) cannot survive in the wild anyway)), no scale up of production process required (just a few short months to breed the worms to production levels) and plenty of manufacturing facilities already available with no modification needed. So a ZF product could be on the market in as little as a year from now.
Today was not the ZF PR. But soon, very soon.
disclosure: long both SGMO and KBLB
All just IMHO
Kraig Biocraft Laboratories Inc. (KBLB) Stoc
AI
