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Timeline is closer to 6 months on the plant as they have identified an existing structure that needs to be outfitted with the proper equipment. This will cut the time down considerably.
Equipment has been ordered and company has verified multiple times their 4/19 timeline for funds is still on track.
I agree a bit of a Longer term play here just not years.
EOY price prediction? $.50 - $1.25?
Lots has to happen here including the world getting back to work. Very bullish intermediate term IMOP
GLTA
Toxic Dump-feet continues...sadly but plain to see if anyone wanted too
This dog will have its day, just not today.
GLTA
Yes immediately after a R/S. Then it tanked
100% right. Toxic debt holders dumping.
Any other explanation is just delusional
I doubt they knew they couldn’t do it.
Amateur hour IMOP
Same reason they have all this convertible debt. Promises of money from $KTURD so they took out more debt to fund short term expenses and we can see how that turned out.
GLTA
Again let me repeat:
Asked and answered counselor:
“FINRA wouldn't let them do a reverse and a stock dividend at the same time so the company had to postpone the dividend.”
So it MAY still be coming to help off set some of the dilution we are experiencing.
I think they may have filed for it in late December. But it took till feb. to make it happen
No only one so far...2nd is coming for the boated SS when it hits .02-.035
Once we chew through the converts it will go up but must be split again
No chance it won’t be...Mark it
Yes there are and the reverse saved them from downlisting last time and this time a black swan is their hero.
EWLL can make it now but by the skin of their teeth and temper expectations until we get some updates filings, debt paid off and cashflow
They had to increase it based on the rules of the convertible debt holders, but yes it will never get that bad 20b. I agree
There are probably 200-300 million more to sell/dilute.
The preferred share offering will be able to start once the 10k is filed EOW or so
They can immediately use proceeds from the raise to pay off converts.
Otc-QB has suspended the requirement to be over .01 for 30 days as of last week so that saved them too.
EWLL has really stepping in the proverbial doo doo here
GLTA
50 million plus all the dilution yet to be recorded is more accurate
It has traded nearly 100mill+ for 6 days, where are all those shares coming from?
Question? Broken calculator?
Be realistic I like this company finally getting some traction after 3+ yrs of following but please keep the ridiculous predictions in check.
Lots has to happen to get to those lofty figures, think before you speak.
All true. Be smart invest wisely
Feb. 15th or so
One word Firna.
It’s their bat and ball. They said no. Company wanted to do it and still does but the governing agency said NO.
Have to spell it out that much????
Asked and answered counselor:
“FINRA wouldn't let them do a reverse and a stock dividend at the same time so the company had to postpone the dividend.”
So it MAY still be coming to help off set some of the dilution we are experiencing.
Below is Snip-it from an advisory service that introduced me to EWLL 3 years ago I have permission to post this from the source. Enjoy
"Now for the really good news--New Business.
I don't know if you remember a deal with a company called Endeavor. They had a new insurance model and really wanted to make EWLL a part of it but they could never really get their product off the ground. Well they have reorganized with a whole new product and company targeted strictly at the new 'gig' economy.
That's consultants, independent contractors, 1099s,--think Uber drivers and everyone else that works but isn't an employee. How are those people supposed to get the same discounts group health plans enjoy?
So that's what this new company is focused on, and they've already got 75,000 lives covered--a population they just agreed to bring over to EWLL for a flat 5 dollars per month per life.
That's $375,000 per month in revenue with at least $150,000 of that falling to the bottom line.
Do you know what that means? It means EWLL will be cashflow positive once that money starts coming in--and it's due to start in March.
Now I know we've heard this kind of thing before but this isn't a relationship that needs to be built--it's an existing relationship with an old friend of EWLL's.
Also this company is ramping up an aggressive marketing campaign which will just keeping adding new lives at a 5 dollar per month clip for EWLL.
And in addition EWLL has other deals in the pipeline as well. And management is getting wiser--from now on they will demand minimum quantities of use before they will sign--no more of this landing a whale only to find it performs like a minnow."
***I REALLY know this stock, when I say it may/probably gets reversed again I say it with pain, but the SS speaks for itself. If they ever want to uplist it has to get done and may not be the worst thing in the world. Just know it going in is all I'm saying.
GLTA
Correct and Good news on that as well--a new ownership date needs to be set--so if you own more shares between now and when the date is set then you'll get 20% additional on whatever new shares you buy.
Also...The company has created a unique instrument for raising capital--it's a preferred stock offering that pays 13% per year guaranteed. But to actually sell the new offering the company has to present it to FINRA--the government agency that oversees such things.
Finra came back and said they need to see the company's 10-K filed before they can okay the capital raise.
The problem is, getting the financials sorted, finalized and audited takes time. Doug MacLellan--the company's chairman--estimates they can get their 10-K detailing the company's last quarter performance filed by the end of March.
The good news is they've got some tremendous interest in their new offering.
The preferred offers a guaranteed 3 year 13% return which is pretty hard to get nowadays so it's no wonder it's popular.
But it doesn't do the company any good until they can sell it--and that still looks to be several weeks away.
FINRA wouldn't let them do a reverse and a stock dividend at the same time so the company had to postpone the dividend.
Yes they have been transparent, at least recently about their intentions.
Reverse is coming again, it has too.
Yes sir. And will get more bloated by the day.
Corona is allowing them to absorb all the converts and may save this company.
2nd and hopefully finals reverse is coming can’t stop it
Exactly...bloated and being pumped.
Corona is the best this to happen to this company and the only thing that will save it.
EWLL stepping in the proverbial doo doo.
Talk about lucky and profiting from a crisis
Always loved the model but therapist were reluctant to adopt the method and Medicare not being on board made it impossible
Barriers being lifted by the government are a saving grace to this company, but a reverse IS coming. I said it 2 moths ago before the first one and I’m saying it again.
Be warned! And I’m invested and don’t care if they reverse. Clean it up so we can go up to the big board.
GLTA
Even still once they burn through the last 200-300 million shares this thing will move up, but there will be another reverse
Has to share structure is too large to make a lasting move and uplist
And I’m still investing here, just carefully.
EWLL will work but be careful until the dust settles IMOP
GLTA
Yeah and then 800 million in convertible debt hit. It’s coming again. Book it
Doesn’t mean it can’t go up and be a winner but they need to finish cleaning up their house first.
Read the filings
This is huge and the major barrier before.
Still has about 200-300 million shares to eat through and probably a reverse split but corona may have saved this company.
Watching closely at this time
GLTA
Nah just flipped it thanks to the pumpers.
Toxic debt and dilution are the issue here.
Big time shorts could be here because they follow toxic debt. Fish in a barrel for them.
GLTA
I forgot why look at the filings and read the massive amount of toxic debt due and continuing to come due???
PnD’s don’t care about DD just taking hard working peoples money
So sad
Massive convertible debt. Buyer beware
Agree have a stash already post r/s and I've been in and out of this stock for 3 yrs. I know it better than most.
I just want people to be aware of the negatives too.
Event driven I agree, an investment until they get their house in order no way Jose...IMOP
Just be careful too many never do any DD.
Why the most recent 1 for 50 r/s. The list of below notes all hit, converted and destroyed the pps. Wash rinse and repeat until we get real huge revenue with big contracts IMOP.
https://www.otcmarkets.com/filing/html?id=13890533&guid=C_-WUe_cnQ8ccyh#FORMS-1_HTM_A_008
On January 8, 2019, the Company executed an 8% Convertible Promissory Note payable to an institutional investor in the principal amount of $308,000. The note, which is due on January 8, 2020, has an original issue discount of $28,000. The convertible note converts into common stock of the Company at conversion price that shall be equal to the 70% of the average of the two lowest per share trading prices for the twenty (20) trading days prior to the conversion date.
On January 8, 2019, the Company executed an 8% Convertible Promissory Note payable to an institutional investor in the principal amount of $308,000. The note, which is due on January 8, 2020, has an original issue discount of $28,000. The convertible note converts into common stock of the Company at conversion price that shall be equal to the 70% of the average of the two lowest per share trading prices for the twenty (20) trading days prior to the conversion date.
On January 8, 2019, the Company executed a consulting services agreement for the development of physical therapy care delivery and the recruitment, training and evaluation of PHZIO users. The Company is to issue 20,000 shares of common stock equally over a two-year period. The Company will also pay the consultant a monthly fee of $5,000.
On January 9, 2019, the Company executed a 12% Convertible Promissory Note payable to an institutional investor in the principal amount of $114,000. The note, which is due on October 30, 2019, has an original issue discount of $11,000. The convertible note converts into common stock of the Company at a conversion price that shall be equal to the 70% average of the two lowest per share trading prices for the ten (10) trading days prior to the conversion date.
On January 28, 2019, the Company executed a 12% Convertible Promissory Note payable to an institutional investor in the principal amount of $58,300. The note, which is due on November 15, 2019, has an original issue discount of $5,300. The convertible note converts into common stock of the Company at a conversion price that shall be equal to the 70% average of the two lowest per share trading prices for the ten (10) trading days prior to the conversion date.
On February 1, 2019, the Company executed a six-month advisory services agreement for $2,500 per month for investor relations.
https://www.otcmarkets.com/filing/html?id=13890533&guid=C_-WUe_cnQ8ccyh#FORMS-1_HTM_A_008
On March 21, 2019, the Company executed a 12% Convertible Promissory Note to an institutional investor in the principal amount of $1,500,000 to be funded over two tranches of $750,000 each; the first tranche to be funded on signing. The note, which is due and payable six (6) months after the funding date of each tranche, has an original issue discount of 10%. The Company will issue 65,219 shares of restricted common stock, deemed to be returnable, on the closing date. These shares will be returned if the Company repays the note prior to the maturity date. The value of these shares is $375,012. In addition, the Company will issue 20,000 shares of restricted common stock as a commitment fee valued at $115,000. The convertible note converts into common stock of the Company at a conversion price that shall be equal to 75% of the lowest trading price during the thirty (30) day trading period ending on the last complete trading day prior to the conversion date.
https://www.otcmarkets.com/filing/html?id=13890533&guid=C_-WUe_cnQ8ccyh#FORMS-1_HTM_A_008
On March 21, 2019, the Company executed a 3% Convertible Promissory Note payable to an institutional investor in the principal amount of $360,000. The note, which is payable twelve (12) months after each tranche is funded, has an original issue discount of $60,000. The original issue discount will be prorated with each tranche paid. The first tranche of $60,000 is due at signing date. The convertible note converts into common stock of the Company at a conversion price that shall be equal to 65% of the lesser of (i) lowest trading price or (ii) the lowest closing bid price on the OTCQB during the twenty-five (25) trading day period ending on the last complete trading day prior to the conversion date.
https://www.otcmarkets.com/filing/html?id=13890533&guid=C_-WUe_cnQ8ccyh#FORMS-1_HTM_A_008
On March 18, 2019, the Company executed a Securities Purchase Agreement for Convertible Debentures to an institutional investor in the principal amount of $365,000 to be funded in three tranches: $65,000 at signing, $100,000 forty-five (45) days after the signing date and $200,000 forty-five (45) days after the second closing date. The debentures, which are payable on March 18, 2022, have a 10% original issue discount and a commitment fee of $5,000 payable with the signing debenture. The debentures convert into common stock of the Company at a conversion price equal to the lesser of (i) $.12 or (ii) seventy percent (70%) of the lowest traded price (as reported by Bloomberg LP) of the common stock for the ten (10) trading days prior to the conversion date
https://www.otcmarkets.com/filing/html?id=13922910&guid=C_-WUe_cnQ8ccyh
The Corporation’s Board of Directors and the Majority Consenting Stockholders, by their execution to increase in the number of authorized shares of Common Stock from four billion five hundred million (4,500,000,000) shares of Common Stock to twenty billion (20,000,000,000 shares of Common Stock (the “Authorized Common Stock Share Increase”). The Corporation’s total authorized capital stock will consist of: (i) twenty billion (20,000,000,000) shares of Common Stock; and (ii) twenty million (20,000,000) shares of Preferred Stock. The Common Stock and the Preferred Stock are sometimes referred to as the “Authorized Capital Stock”. The Corporation’s Board of Directors may issue the Preferred Stock in one or more series and fix the powers, preferences, rights, qualifications, limitations or restrictions of the Preferred Stock and any series thereof pursuant to NRS 78.195 of the Nevada Revised Status.
Convertible Debt requires the large amount (20 Billion) in shares reserves.
Censoring this information from this board should be criminal.
This could be a great company, but this debt is a factual reality.
Do your own DD
This company has over 800 million in convertible debt shares that can convert at .002
Could it run a day or two on telehealth next week...sure.
Are they seeing an increase in biz, I bet they are overflowing. I think they have a great product btw.
Just Don’t fall in love here IMOP. Eventually this could be a good stock. Right now it’s a trade or worse IMOP
GLTA
What many don't realize is the same technology that can detect glucose levels in the blood can detect almost any molecule above a certain size--and as the antenna and electronics become more sophisticated that size of molecule is shrinking.
Imagine an easy to wear and affordable wristband that can detect white blood cells to alert the wearer they many have an infection--hours or days before that becomes evident.
How about being able to detect the markers for predicting cancer? Or the hormones that determine when a woman is ovulating? Or the blood alcohol level of a driver automatically not allowing their car to start if it's above a certain level?
The others are still playing games like sugar beat with one finger stick per day for calibration or some other catch.
KNWN is light or should I say "sound" years ahead of everyone else. The competitors are not even in the same ballpark imop.
Spectroscopy is the fundamental science behind the Know Labs technology. It is a foundational science that has been around since the 17th century. Check out our new website explaining the science if you're interested in learning more.
https://www.spectroscopy.af/
Post of the week...truth
This company knows how to communicate, sometimes a bit too much.
Great opportunity to get some discount shares thanks to converts.
Really want to "know"
Check out more from FAQ's. Website really tells the story.
What is radio frequency spectroscopy?
This is not really a field yet. Some folks are beginning to understand how powerful radio frequencies are, eg. Google’s Project Soli. We’ve doubled down on it because our research shows it is the future of personal health. We’ve poured thousands of hours into learning, inventing and understanding how it all works.
Get your geek on here: https://www.spectroscopy.af/
Is it safe?
Yes. The technology is as safe as everyday radio, TV and WiFi signals.
There is a debate around this on the internet and we are well aware of it. The overwhelming consensus is - it’s safe. But given all that - here’s some hard data compared to a cell phone.
UBAND- <5mw (only 1 inch range required)
Cell Phones - 1000mw/2000mw (long range in excess of 3 miles often required)
Doing the math: 1,440 minutes in a day 288 x 5 minute blocks 25mw of exposure per block (5 seconds every 5 minutes) yields 288 * 25mw = 0.72w of exposure per day from our prototype. So, this means if you use UBAND all day it’s the equivalent exposure of a 5 sec phone call.
Article: http://large.stanford.edu/courses/2012/ph250/lu1/
From FAQ on new website: https://www.knowlabs.co/faq
I saw a similar product in an advertisement, is this a threat to the UBAND?
There are a few other companies working on non-invasive blood glucose monitoring. We don’t think they are as far along in the process as we are. If you’ve discovered any competing products/companies or anything else of interest, we’d love to know. Email us at hello@knowlabs.co
Can you detect anything else?
Yes. We have done preliminary tests on substances other than blood glucose with promising results. One of these tests measured blood alcohol levels accurately. Check out the results here.
https://www.knowlabs.co/investors
Here you go. Lots of great info on new site...
I visited the lab last week. I signed a NDA. Know Labs is not a scam. If you care, do the work and put in the extra effort.