{"id":1123,"date":"2013-04-03T13:12:43","date_gmt":"2013-04-03T13:12:43","guid":{"rendered":"\/?p=1123"},"modified":"2013-04-03T13:12:50","modified_gmt":"2013-04-03T13:12:50","slug":"kraig-biocraft-laboratories-inc-otckblb-shoots-up-ahead-of-annual-meeting","status":"publish","type":"post","link":"\/articles\/kraig-biocraft-laboratories-inc-otckblb-shoots-up-ahead-of-annual-meeting\/","title":{"rendered":"Kraig Biocraft Laboratories, Inc. (OTC:KBLB) Shoots Up Ahead of Annual Meeting"},"content":{"rendered":"<p> The expectations for the upcoming stockholder meeting may be boosting Kraig Biocraft Laboratories, Inc. (OTC:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a>), as the ticker added 25% to reach 13 cents. The chart marked a rising trend on four days of buying,aiming to double the price in a month, boosted by a series of press releases. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> was last promoted in an email on March 8th, but the PR messages helped preserve and improve the positions. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/KBLB0403.png\" border=\"0\" alt=\"KBLB0403.png\" title=\"KBLB0403.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>The run for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> may be soured a bit by the lack of updated financial results, as on April 1st the company presented a notice of late filing with the SEC. The company&#8217;s business is heavy in development costs and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> has little real revenues, so its fundamental data show red flags:<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/PIEX0403.png\" border=\"0\" alt=\"PIEX0403.png\" title=\"PIEX0403.png\" width=\"350\" height=\"156\" \/><\/p>\n<ul>\n<li>$136,347 cash <\/li>\n<\/ul>\n<ul>\n<li>$161,043 total assets <\/li>\n<\/ul>\n<ul>\n<li>$1.091 million total liabilities <\/li>\n<\/ul>\n<ul>\n<li>Zero revenues <\/li>\n<\/ul>\n<ul>\n<li>$292,515 net loss <\/li>\n<\/ul>\n<p>Currently <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> is still in the laboratory stages of its product creation, aiming to produce a commercially viable material containing genetically modified spider silk. The company announced it already produced its first thread from genetically spliced silk worms that produce a hybrid thread, trademarked as Monster Silk. While this is intriguing science, the stock movements may be way ahead of the real business achievements, especially if aided by online noise and a recent emailed promotion.<\/p>\n<p>The <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> promise was touted in a campaign worth $80,000, which in the past weeks lifted volumes and prices disproportionately, lifting the ticker above 10 cents for the first time in more than a year. If the current trend keeps, the stock may revisit its 26-cents absolute highs. We will also wait and see if other pumpers will take up this proposal, aside from the specially dedicated Newsletter that landed our database.<\/p>\n<p>Before the Newsletter, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> was mentioned by Profit Status, another private entity with a short list of emails in our database. The only other pick for this promoter is Pioneer Exploration, Inc. (OTC:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PIEX\">PIEX<\/a>). After the promotion fizzled out, the stock shed more than 70% of its value and went on to trade on miniature volumes, achieving choppy daily price changes. While the slope for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=KBLB\">KBLB<\/a> may be more gradual, it is good to be aware of potential corrections and disproportionate movements when a company relies too much on paid hype and glowing press releases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The expectations for the upcoming stockholder meeting may be boosting Kraig Biocraft Laboratories, Inc. (OTC:KBLB), as the ticker added 25% to reach 13 cents. The chart marked a rising trend on four days of&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[40,74],"class_list":["post-1123","post","type-post","status-publish","format-standard","hentry","category-news","tag-kblb","tag-piex"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1123"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1123\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}