We are up over 1500% in just under 5 years since the May 23rd, 2016 all time low of .0101. There are several reasons for this. Yes, Kim is frugal as relative to other OTC CEOs. Also, he had reason to not completely destroy the sp as he had plenty of his own shares. He still has around 1/4 of the common shares. Next, there was hopism from 2010 to 2014 and then failure to mass produce in 2014. Then, Kim realized that he needed more help to get this done. So, he makes the smart hires .. Jon Rice, Ken Le .. and yes Dr. Kane. Ken is the spearhead to break through the red tape in Vietnam. I believe Jon was the one to get the Army contract and help solve the problem of genetic drift, Dr. Kane got KBL essentially pure spidersilk.
By growing the company in the lab, the opportunities from Jon contacts with the military in Polartec/Milliken, and establishing a production facility in Vietnam with the work of Ken Le, KBLB has continued to show that revenue with huge profit potential is just around the corner. Some will say it is all ruses but those that know the inner workings are signing $40m contracts with them like Kings Group/M and maintaining relationship patiently with an MOU like Polartec.
So, it falls to the investor or potential investor to understand if this growth is real and MASS production is still just around the corner .. or if Kim has been playing us all for 12 years and now he has a whole cohort of accomplices in this elaborate ruse. I choose to believe the former.
All the best to longs.
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Removed these: .112 Sep 28 .112 Oct 5
Nice quadruple bottom from these above and yesterday and the day before. With Good News and more to come, single digits or their market cap equivalent are gone forever. Those high lows will step to much higher lows now.
No more missteps regarding production and in the short term we should see 700m market cap in fairly short order if the market is making a fair assessment compared to competitors. Could also overshoot due to exuberance at finally ‘cracking this nut’.
—————————————————— Adding ‘back in production’ now to this ...
Kim knows how to be frugal relative to other OTC CEOs and he knows how to grow the company from scientific breakthroughs in the lab. Also, most importantly Kim has proven that he can pop the sp to .24 to .35 several times in the last year. All this accumulation around these levels is for just that kind of pop at a minimum.
Bull runs are created by higher lows from a technical standpoint and the growth of the company AND potential growth of that company from a fundamental standpoint. Alot of people are watching both here for this company and it’s stock.
How the 5 year growth chart looks. .. a 5 year bull run!
Lowest ever: May 23, 2016: .0101
After these lows, the price NEVER was lower than that point again even to this day.
Lows: April 6, 2018: .029 Oct 29, 2018: .0352 Mar 8, 2019: .0461 Apr 16, 2019 : .0602
2020 higher lows are still forming: .09 Jan 28 .1028 Feb 25 .1051 Mar 20 .1101 Dec 10 .1109 Dec 11
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