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Good strategy. I did as well last year and will again this year.
I finally watched the whole webcast and the moment that excited me the most was Ron saying Knowlabs has had a "Poison Pill" for a very long time against a buyout. I personally do not want a buyout. I want Knowlabs to stay independant and become a giant company in the medical industry. This was the best news that I have heard in a long time.
Thank you for the update!
I am new to this board so forgive me if I ask a question that has already been answered. On October 30th we will receive a 1 for 1 dividend and the stock is not splitting therefore, the price will NOT be adjusted in half?
I know we are focused on CGM devices. But we cannot forget that this whole technology is much more than just CGM. I believe this can ultimately become a "tricorder' device to reinvent the diagnosis process.
Just an observation. Notice the 25 cent last trade increase to $1.49 a share. Volume a little stronger. Lately the next few trading days after such movement we have seen some type of news release. Perhaps next week we will see news again.....
Nice, the lowest I paid was .19 a share back in August 2017.
I was knocked down to owning only 11 shares after the split. They had a value of about 76 cents at the time of the reverse split. Since I only had 11 shares I then bought 89 more to give me at least 100. This occurred on March 10th 2017. I had invested $600 in 2011 in visulant stock after the reverse split my $600 was now worth $8.46 I had lost 99% of my investment. So yes I have been with this company a long time. Still waiting. But I do believe my patience will pay off.
Dollar. You and I know from 8 years of experience that so far nothing has materialized except the reverse 1 for 150 split.
Dollar. You and I know from 8 years of experience that so far nothing has materialized except the reverse 1 for 150 split.
Dollar. You and I know from 8 years of experience that so far nothing has materialized except the reverse 1 for 150 split.
A timeline is nice, but we know it is completely a guess.
I did start playing the swings to some degree, but it has not surged at all since the beginning of the year.
Technically, it was .82 cents last year today on open. I wish more things were happening faster but I am in this till the end. I believe the top is much higher, Much higher.
Today is the one year anniversary of the big news release. I hope the next year bring some action.
Very good points slunj. Very good.
I can guarantee that Dexcom is aware of Knwn. My nephew is an engineer at Dexcom in San Diego. Last Thanksgiving I showed him all the videos posted by knwn. He told me he was going to let the president of dexcom know about knwn. My brother has been an engineer at Medtronics for 35 years now. I showed him as well. Both, of course, were sceptical of the technology. But, I would expect no less from two engineers whom worked for direct competitors.
Yes indeed, this company is only known by a few investors. Once the uband calorie counter comes out the whole world will know about Knowlabs. I can envision this typical dialogue "What is that you are wearing? Is it a Fitbit" "No, it counts calories?" "O it counts how many calories you burn?" "No. It counts how many you eat" "What?????? How many you eat????" "Yes, how many you eat." At that point most people will want a uband. Some will ask what company makes it. And of course they will see how low the stock is and be tempted to invest. Long story short: I see this going massive word of mouth viral. When the product finally comes out.
Only time will tell. Remember last August when they laid out their plans they said it would be at least 12 months for the calorie counting Uband. I predict first quarter 2020 for the calorie counting uband. You and I have been shareholders since 2010. I think we can wait a little longer. (Sorry that last bit was to Dollarsquad)
Interesting comparison look at what is possible with FDA approval. Today a company "SOLY" was approved by the FDA for a revolutionary new way to remove tattoos. They were at $4.12 in February and today on the news were up $13 to $25. The article says the tattoo removal market is a $4.6 billion dollar market. I am posting this only to see what may happen when a revolutionary new invention is approved by the FDA. We have no idea what lies ahead for us as investors in Knowlabs but news like SOLY sure gives me an idea of what could happen. Btw, isn't diabetes a $400 billion dollar industry?
Yes, dollarsquad. It is crazy to see all this selling. But, the most interesting is that all the selling and the stock does not drop. There is a ton of support at this price.
I looked at the Knowlabs volume today and saw that no buy orders had been initiated. I know it is a very small order but I bought 23 shares right before the close so we wouldn't have all selling today.
It comes down to ease of use. The eye device has many steps. You need to attach the lens to your smartphone, then hold it up and take a. Picture of your eye. That is a big hassle. And besides you have to remember to do it. Our uband is always working. Sitting on your wrist 24/7. Much. Much more user friendly. Consumer products always come down to "the easier the better" the uband is simple and doesn't take any extra effort. I applaud the eye glucose meter but it will never appeal to the masses. Also, the calorie counter uband should be out in consumers hands in the next 12 months.
Also, do not forget, today's mindset is so incredibly short term. I assume these sellers are taking a nice 100% or more profit right now. People dont look past today anymore. The long term is measured in weeks. Anyway, we will have the last laugh. I am in this for years. I dont want to be that fool telling my grandkids "yah, kids I actually sold knowlabs back in 2019 for $1.73" they say "isn't that the stock that is $1,730 a share now (2040).
This deal to produce the Uband is major good news. An actual product! Moving from theory to actuality. This is really happening!
I agree. I am putting every spare dollar into this company basically since last July 11th. Once in a lifetime investment opportunity sounds trite and too often spoken, but this is actually one of those times.
This team of diabetes experts from dexcom, Eli Lilly, the FDA, Medtronics, and Academia is amazing. Any doubts that I had have been completely eliminated. The world's foremost experts in Diabetes and the monetizing of the technology are now involved in getting this to market. We just have to sit back and enjoy the ride.
They are definitely assembling a dream team.
Ditto to all that!!
Very true. Under a dollar is a very attractive price point.
Good point. Let's not forget we are owners of the company. So we can use "we" and "ours". Also. An analogy would be relevant to the sports world. Fans often use "we" when they refer to their team. Example: "We should have called a time out"
Thank you Jake. I respect your candor. Yes, I also have owned stock since 2011 and was a victim of the reverse split. But now I believe that what we are seeing is not hype. I am "All In". And yes, obviously, I am one of the cheerleaders. Btw, my Brother is am engineer with Medtronics and has been with them for 35 years. Also, my nephew is an engineer who works at Dexcom. I showed them both the videos posted by Knowlabs. They are both very sceptical but are intrigued.
Jake, simple question. Do you own any Knowlabs? I only ask to see if you have a dog in the fight.
Dollarsquad, no one that has done any real research on this company has any doubts. Just like Phil says in the video " there are many doubters out there" they doubted Thomas Edison etc. Anything new and disrupting is always doubted and attacked by the establishment.
I respect Knowlabs trying to build a platform, but the latest video is a little disappointing to me because I would hope they have a laser focus on getting their first product (blood glucose) to the market. This announcement today seems a little scattered to me.
Thank you. There is definitely serious investors that believe in the future of Knowlabs.
Yes, we dont know for sure but I imagine most of the selling is the .25 investors. The offering on May 25th was offered when the stock was trading around mid .50. Yes, that is interestingly below the market but not absurdly below the market. I imagine if there is a round 2, it will be higher than .25.
Thank you eronbo. I agree a serious investor only has to read the company 10k. All the proof of legitimacy I need is in the 10k. Previous false companies like for example IGCC, had nothing of substance. This is not a "churn and burn". It is also not a get rich quick investment. This is a long term investment in a medical industry disrupting, once in a lifetime discovery. This is similar to Uber and Amazon. I do not expect to see a significant, long term, permanent, increase in value for many years. I am patient my advice to anyone whom is nervous or thinks Knowlabs is a fraud to get out, sell, move on. Everyone's level of comfort in any investment is directly porportionate to how much real research and work has been put into learning everything one can about the company.
All of the 5k blocks that are selling are simply people from the private acquisition on May 25th taking their profit. They only paid 25 cents. We will continue to see more of this type of selling. Great opportunity to buy. Anyone with doubts read the latest white paper. The team has world leaders in Diabeties and the white paper is co-authored by someone on the team at Dexcom who developed the glucose continuous monitoring device. I have ZERO doubt in this company and this stock being the opportunity of a lifetime. Let the stock drop right now. I bought more today.
Wow. I cannot believe how many views this has. This is amazing. Thanks again.