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Wednesday, August 01, 2012 12:05:05 PM
I have written Ben today and ask for an update from the company for many questions. I will post his response when I get one.
Here is the message I sent...
Hi Ben,
I thought I would write to you to perhaps get a message to Kim. I have been a huge supporter of KBLB since the beginning but Kim's lack of contact with his supporters has got to the point that even his most loyal supporters are beginning to abandon ship.
Back in 2009 Kim did a forward split because they wanted this to be a penny stock. When he did that he should have expected that he would need to keep his share holders up to date on a regular basis to hold on to confidence.
Up until the beginning of 2012 he did a fairly good job of it. Now we have been ramping up for over a year and Kim's own expected time frame of Jan 2012 for commercialization has long passed.
I totally understand that Kim could be gagged by his NDAs. But there is so much information that Kim could release and has not that I can not make excuses for him anymore.
Please tell Kim that his share holders are basically giving up on a great company because they feel that they have no value in the eyes of the CEO.
There are a few things he could do to support his share holders in the same way his share holders supported him.
Here are some topics I have seen begged for. But honestly unless Kim is going to give actual details I would not put out any PR. At this point the market wants results and not fluff.
Are we planning to sell worms, eggs, or silk?
Are we planning to process the silk ourselves.
(Just an updated business plan would be great.)
How large is the lab
Did we hire any help as we were told we were going to?
What happened with the 5000 insertions done earlier this year?
Last Jan we had 7 new strains. What happened with these?
Gen 2 insertions were started last year what is the status of Gen 2?
The status of the platform worm?
Are the planned sales filed with the SEC on form 144 actual sales or did Kim just have them planned and never actually sold any?
How long are NDAs in effect?
What is Kims new expected timeline for sales?
How many different strains of silk do we have with actual potential for sales?
Honestly the shareholders will take any information that is detailed enough to show forward movement. But the share price being at a level equal to the price before monster silk was made, leads the market into believing the were scammed by another typical penny stock.
In my heart I feel KBLB is much better then that, but with Kim's lack of contact I have no firm ground to stand on in my beliefs.
Thank you for anything you can do.
As you can see I am not sugar coating it at all. I totally agree with those people who want an update. I also know Kim could be gagged. But I do not accept that there is nothing that could be said.
IMO This company will go quite far but I am no different then any long looking at red every day. We all want answers. We just want them NOW and not when it is time.
I dont expect any of my questions to be answered in detail at all. But, I am hoping Kim might hear and decide that an update would be a good thing.
As much as these boards seem like a war zone sometimes, we all want the same thing. Really, like all human interaction it is not what you say, it is how you say it that counts. Some people just hide behind a keyboard and say whatever they want to cause a riot. Others say what they feel.
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