I think there are a lot of variables at play here. In one sense, the price has moved quite a bit — up from 3 or 4 cents a share to 8 or 9 cents a share.
The price spiked up to 15 cents. As best I can tell, a bunch of traders jumped in on the expectation of sensational news, or at least the anticipation that other traders expected sensational news. When said sensational news failed to materialize as they anticipated, many traders sold.
That put downward pressure on the stock and we dropped back into the 8 or 9 cent range. I can’t figure out a way to get a decent report out of Schwab.com, but my impression is that the volume yesterday was small and it has been declining over several days.
When the volume goes down, it means nobody is excited to buy or to sell — they are content to hold. Nothing wrong with that.
Most of the news we have had of late has been foundational. KBLB is reporting the steps they are laying in order to produce metric tons of silk on a recurring basis. These steps are important — if KBLB now has the silkworms capable of remaining healthy and making lots of silk. Positive news of that sort ought to increase the share price, as you suggest.
But there are a couple of negatives that weigh against KBLB and have for a long time. Past failures and a lack of transparency have made lots of investors hesitant to jump in. Dropping Spydasilk out of the latest 10-K report and putting out a PR asking for customers for cotton/silk blends were other factors that leave present and future investors a little unsettled.
Most of us on this board bought all the shares we wanted at 3 or 4 cents and don’t want to pay 8 or 9 cents for more. KBLB has to attract more investors. I believe many are waiting on more than simply foundational news.
Chart readers will be happy to explain why I am completely wrong in my interpretations, but, for better or for worse, the market has decided that the news coming out of KBLB recently is worth 8 or 9 cents.
I expect the price to stay approximately around this level until about mid-June, when we might get news about the first crop of BAM-1 DS. Might be end of July. It could rise a bit, it could drop a bit. Others are expecting news faster than that. They will be happy to explain why I am wrong in my predictions. I expect we will simply have to wait and see.
In short, I don’t expect to see major changes in the share price until KBLB announces more sensational news about large-scale production, customers, or sales. But I’m glad that news will arrive when the share price is 8 or 9 cents rather than 3 or 4 cents. The current PR campaign will be a big boon for investors if and when said sensational news arrives.
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