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Tuesday, August 16, 2011 9:54:18 PM
Basically the board caused the problem (people here were encouraging others to email one of the members of the company's science advisory board directly instead of contacting the company PR department which would have been the appropriate thing to do. The SA withdrew because of being inundated with inappropriate emails and had his name removed from list of advisers because he did not want further publicity or attention.
If the company issued a PR to explain the problem it would only be more unwanted publicity for the ex member of the board. The best response IMHO would be one that was distributed directly to the source of the problem and nowhere else to avoid generating more unwanted publicity, which is exactly what they did.
"We have met the enemy and he is us!" Walt Kelly
In this case the problem is us.
Micromanaging has great potential to do harm. In this case we harmed ourselves by overly aggressive and misdirected attempts to become too involved in the company's internal affairs, IMHO.
To the board in general: Consider this: would you want a girlfriend, boyfriend, wife, husband, whatever who micromanaged you to the degree that some here were trying to micromanage the company?
If you cannot be comfortable with your investment without going to extremes to find out every detail possible about what the company is doing it may be a sign that you are overexposed on the investment rather than that there is something wrong with the company.
If you have a chance to bet on something with 60% chance of success and it pays off 2 to 1 then if you place a large enough number of bets you will almost certainly gain good money. OTOH, if you place ALL of your money on ONE such bet you are taking a very foolish risk if you are not willing to accept the possibility of a total loss.
KBLB is one of the best stocks I ever seen for a combination of very good chances of success (with very low chances of failure with the Monster Silk product as a "fall-back" position) and a potential for very large gains. But it's still very foolish to put ALL of one's investment money into it or more than one could afford to lose or to invest with borrowed money. But I strongly suspect that some here have done exactly that and therein may lie the real problem.
When investing in cutting edge technology companies it is very important to feel secure about your investment: understanding the product, the company and having faith in the quality of the company's executives and scientists. Because if you do not you are very likely to sell out in a panic the first time an apparent problem comes up which is the worst time of all to sell when the "problem" turns out to have little or no significance.
JMHO
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