Quote: " I'm thinking the CEO went out of his way to ensure there was no confusion as to what was being referenced in this PR. If there was confusion, it certainly wasn't his fault."
Great post! I'm thinking with each passing hour we are getting much closer to news that will be the massive turning point in this stock, company, and very prosperous future. It's getting close!!!
In the PR's title is the "hook." Yep, every article/communication really should have one. The "hook" in this regard is "ADDS EUROPEAN UNION TO EVER-GROWING PORTFOLIO OF SPIDER SILK PATENTS."
So every PR should begin with a misleading statement? KBLB has no patents. Not a single one. Zilch. They added no patents to a portfolio of no patents and the result is an 'ever growing portfolio' of no patents.
Arachnodude:
announces today that it has been granted patent protection for its recombinant spider silk technologies in the European Union.
Doesn't that seem like the EU granted patent protection to KBLB? That's the way I read the sentence. But that isn't true. The EU granted patent protection to Notre Dame. For the moment, KBLB has an exclusive license to use the patent. But Notre Dame can likely take that away if, for example, KBLB is in arrears on their payments to Notre Dame.
Is KBLB still in arrears on their payments to Notre Dame? Last time I checked, they were.
I also assumed they had just been granted patent protection in the EU. But that isn't true either. The patent had been granted April 30. Just took KBLB a while to get around to announcing this fact.
Well, not to anyone who follows EXACTLY what the company says and does without a twisting action towards the negative.
Really it is typical communications for Kim. He wants us to make more inquiries I guess. I put in a 10 hour day yesterday. I didn't realize we got a PR until later than usual for me..... Thanks to theprofessor2 for texting me. I had no time to indulge the information for what the info is worth either. Friday of all days too. Monday through Thursday...sure.
Kim could tell me Patent #12345678 has been granted in the EU. I wanted to think they were talking about a patent being granted. They sort of said it, but they weren't as direct or exact, as they could of been.
Most of what I argued was correct, but because the patent was indeed granted, the protection was greater than secondary protections I pointed out existed. There was room for some doubt, for those of us with busier than normal days. But the way we were told, the challenge was on.
The news was better than it appeared and who wouldn't take it willingly, except those that make poor judgement calls regularly enough to be ignored.
With all due respect to the EU - did you read this at the end of the lab's PR???
"These efforts have recently resulted in a significant breakthrough in our production of hydrolyzed spider silk. The Company expects to provide more details on the commercialization and sales of these new materials in the coming weeks."