Hello fellow longs. I've been wondering for a while if this company is a scam. So I went on line and looked up the complex where the new lab is suposedly located and the office space is now open for any potential renters. I called the investors number in KBLB's web site and talked with a fellow by the name of Kim. He tells me that there will be no news coming out in the foreseeable future and they are back at Notre Dame doing their research on spider silk. I guess it's up to someone else to call the college and see if KBLB is realy there.
You missed all the discussion on that a while ago - KBLB doesn't have a real office, it's a virtual office. Put the address into google and a ton of different companies show up. Doctors, vets, immigration consultants, lawyers, you name it. What KBLB gets for it's ... how much was it ? Like 500 bucks a month or something ? Is a mail box and a phone number. Use of meeting rooms costs extra.
Then you have the same deal with the lab. It's virtual. They get access to internet and use of a computer there though. That's why Kim said "*effectively* quadrupled" as there is no actual production at the moment.
I've written off my investment here as a lesson. Doesn't matter me much though, while losing money here, I was making good bread on AVII (now SRPT); in at 6.60 after accounting for the reverse split, out at 32.18. Watched my investment roughly halve in value at one point, but hey that's bio.