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I don’t think they needed it until this deal. It’s a payoff to a former partner or something similar of Ican to allow this deal to happen. This is a symbiotic relationship between ican and mmmm.
Will there be dilution I think all said and done we are at 25-30 o/s when the dust settles hardly a bad number with minimal revenue. With the projections of this company we are going to be very happy if they can keep the SS that low
GLTA
Sorry, but They are NOT going to dilute 17 million in shares. You are way off base...what bank wouldn't give a company like Ican the loan they need 17mil. The company is netting 4.5mil a year, they would trip over themselves to lend a company with that type of balance sheet the capital
the onboarding has been minimal at best and not really a factor in their revenue, yet. Any revs on the books are from their HR services which is not very profitable but is the key to allowing access and possibility to even offer this type of medical coverage.
Also We haven’t seen Ican’s books. I don’t think a company that generates 4.5mil net profit has 15-17.5mil in debt??? That makes little sense. It’s more likely this 17.5mil is as a result of the acquisition.
Maybe not all the principles are coming over and need to be bought out?
Also Mmmm has some debt as we know so maybe by combining forces they restructure mmmm’s debt, have some working capital, and satisfy whatever the ican needs for the merger to go consummate.
I think this will take more time than anticipated and this news is bigger than we know now.
still long and strong $mmmm
Ican has 40mil+ in revs. It’s a no brainer to get quality fixed rate financing from a bank based on the companies balance sheet.
This is a fantastic value add to the company IMOP
All good here long term investment on this one. No revenue yet, it’s still early.
We are close, but being conservative I’d say within the month of September the patient will be very happy. Holding strong
$fngr
I’ve got a friend that’s an excellent technician. I asked him for his thoughts on KNWN chart. See his opinion below:
$3.61 is the 61.8% Fibonacci retracement of the entire move from the 2017 low of $0.1375 to the 2018 high of $5.75.
Fibonacci traders subscribe to the theory a close above the 61.8% retracement level portends a round trip back to the previous high of $5.75 and beyond.
We shall see GLTA
Holding strong too...just waiting for the real onboarding to show up on a Q then it’s on like donkey Kong...small share structure will reward the patient in due time IMOP
I feel like KNWN just slapped them across the face and said I challenge you to a duel!!
I agree what if fast track permitting is involved, maybe an announcement about some grants or guberment cheese???
Agreed Tj...I’ve seen plenty of big buyer/s buying all weakness for nearly two weeks now.
Our time is near IMOP
Plutus Shortus v2
— Deus Ex Trader (@deus_trader) August 19, 2020
2020-08-19 15:58 ET. *Closed/Covered previously shorted:$KNWN at $2.78 for 0.55 loss (-24.34%). Know Labs (CORP).
Trade Id: 51458403203089109.
Stats: https://t.co/6LYIJgBXpp
https://info.kpmg.us/news-perspectives/future-ready/future-ready-data-is-the-new-gold.html
It’s all about the data derived from the Chinese cell phone usage/purchase data. Read the above article and look back at a few of my post with reports linked in them.
Then connect the dots...think about how much this data would be worth to asset managers, hedge funds etc before an earning report?
Priceless...$fngr
Me too...just need some news and shorty is going to roast
Going much higher I suspect...
Been accumulating on every dip..our suspect our time is very near
http://www.wallstreetresearcher.com/Tech%20Talk/FNGR8.html
We have recently heard ( RUMOR) , that several large international insurance organizations are seeking data on Chinese drivers and thir spending habits and may have approached FNGR .We are trying to verify this rumor and will let readers know as soon as we find anything.
Quite a battle is looming at the $4.00 level in these high tech shares. A break above the $4.00 level will be the signal that these shares are moving significantly higher . Money is waiting in the sidelines . We see some small resistance at the $8.00 level and then a breakout into uncharted territories .
Data Info On Buying Habits and Trends - Alibaba - Report Bank Of America Research
https://www.barchart.com/stocks/quotes/FNGR/opinion
What’s higher than 100% buy rating???
Fngr
Others are here....not much to add at this point.
Wake me up when September ends.
GLTA
Agreed. How much more can the short take?
I’m adding about 1k shares a day until he pops.
I think 4.20-4.35 and he’s toast
GLTA
My understanding is that the FDA does not really do their own tests. The submitter provides lab procedure/ instructions for the FDA to contract a 3rd party clinical trial lab( like Mayo) to perform the procedure.
If/when we get 3rd party validation of a final product by a institute of Mayo’s caliber we might as well have FDA approval because it will be nearly a foregone conclusion at that point and really more of bureaucratic red tape to get FDA.
With the former FDA diabetes heavy hitters on KNWN ‘s board and at least one and more likely 2 major names validating their tech we are over the next few months I feel very confident in my investment.
IMOP This is HUGE news. They wouldn’t start this relationship with Mayo if UBAND wasn’t nearly ready and more importantly WORKS!!!
GLTA
We recorded $2,448,495 in costs of revenue for the quarter ended May 31, 2020, an increase of $1,596,852 or 188%, compared to the quarter ended May 31, 2019. As previously mentioned, we principally earn revenue by providing mobile payment and recharge services to customers of telecommunications companies in China. To earn this revenue, we incur certain customer acquisition costs, including discounts to our customers and promotional expenses, which is reflected in our cost of revenue.
Gross profit (loss)
Our gross profit for the quarter ended May 31, 2020 was $294,439, an increase of $212,813 or 261%, compared to the quarter ended May 31, 2019. This increase in gross profit resulted from higher revenue for the period.
https://www.sec.gov/Archives/edgar/data/1602409/000152013820000322/fngr-20200531_10q.htm
We recorded $2,742,934 in revenue for the quarter ended May 31, 2020, an increase of $1,809,665 or 194%, compared to the quarter ended May 31, 2019. This increase resulted from an increase in revenue of $2,166,815 from our SMS business, offset in part by a decrease of $357,150 from our mobile recharge business. As previously disclosed, in June 2018, we paused our publishing and operating plans for existing games other projects and decided to re-focus the Company’s resources on the mobile data business, which has produced higher levels of revenue for the Company. We principally earn revenue by providing mobile payment and recharge services to customers of telecommunications companies in China. Specifically, we earn a negotiated rebate amount from the telecommunications companies for all monies paid by consumers to those companies that we process. As we continue to develop our mobile recharge business, we expect that revenues will continue to grow. We also earned revenue during the most recently completed fiscal quarter from our newly acquired SMS texting service, which business only recently became a part of the Company. The Company expects and hopes that the SMS texting service business will continue to provide solid revenue for the Company in the future.
The kool aid man is one of the last Scorned PRED investors on that board looking to kick the dog I suggest ignoring unless valid DD comes on his next post and even then be wary
Going dark...GLTA
I agree and I don’t think Georgio really has any concerns he was just pointing out the management is rather transparent and approachable if/when concerns or questions arise.
The true Longs will give the company as much patience as needed to reach their goals and I think we get some great news in the near future, maybe even this week!!!
Long and strong $ABML
The deal is you will be very sorry IMOP.
But you can always buy back and maybe Lower if your lucky but when news drops and they have been VERY quiet My opinion is we will fly to test previous highs.
But what do I know...GLTA
Agreed Doc but I don’t think it will even take 50k to bury shorty for good.
Parabolic any day IMOP
https://www.sec.gov/Archives/edgar/data/1602409/000152013820000320/fngr-20200531_10qnt.htm
The Company expects to report that revenues for the quarterly period ended May 31, 2020 increased to $2,742,934, compared to $933,269 for the quarterly period ended May 31, 2019. The Company expects to report that cost of revenue for the quarterly period ended May 31, 2020 increased to $2,448,495 compared to $851,643 for the quarterly period ended May 31, 2019. The Company expects to report that its operating expenses for the quarterly period ended May 31, 2020 decreased to $869,771 compared to $1,099,836 for the quarterly period ended May 31, 2019. The Company expects to report that loss per share for the quarterly period ended May 31, 2020 and 2019 were approximately $0.02 and $0.04, respectively, based on the weighted-average shares issued and outstanding at the end of the quarterly period.
Looks like the China Mobile and China Unicom deal is paying off.
Make Orwell fiction again!!!
Go paso
Thank you for the effort because your 100% correct unless your looking for news/filings/etc. you’d never know anything happened
Eyes and we fly IMOP
And they dropped gaming.
80% of rev is from SMS/data
Guess what device the majority of Chinese people use for internet?
I’ll give your three guess and the first two don’t count!
I think your spot on and tomorrow could be the beginning of an epic short squeeze.
from their website:
Our most recent milestones
Beginning of October, JiuGe Technology – a controlling company of Finger Motion in China, secured and signed an agreement with both the giant Telecommunication companies in China, namely China Unicom and China Mobile as Big Data analysis and modeling partner.
This partnership allowed the company to access, analyze, and transform hundreds of millions of mobile users' data, to unlock the value-added services for businesses.
So China Mobile and China Unicom??? That's equivalent to Verizon and Sprint and A LOT of data...wonder what they can do with all that data and how much revenue will that top off business bring in an additional 3 Q's???
They just signed the agreement in Oct. 2019, so this massive revenue increase is in realistically 1Q...interesting...