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No one is arguing about the potential... the question that most investors have is whether Dr. Ji can get this done. Even you have pointed out that, but for Dr. Ji's incompetence, we should have been farther along toward approvals and profitability. More than 3 months ago another poster was predicting 24 approvals within 3 months and here we after 3 months with the same lone EUA for Mexico and the added CU for Europe.
This is likely a watershed moment for Henry Ji. He can lay out a vision and buy up small companies but is basically unable to execute on his vision - he doesn't seem to be able to get significant approvals and even the approvals he does have don't seem to lead to sales/revenue.
I'm not heavily invested here, mostly owning LEAPS on SRNE, but it feels like it's time to dump this investment.
Unfortunately, the video didn't provide any information that hasn't already been shared. It's the same story they've been telling for several years - we have a great platform technology that can radically change healthcare and wellness.
The only problem with the technology is that they can't seem to get it out the door. It's always coming out "next year", but next year comes and goes without a product introduction.
The same thing seems to have happened to the Particle Bulb... it was due out this past summer but now is "waiting for a partner" to market it.
I'm beginning to suspect that Henry Ji is one of those individuals who always shows up late to a party. Hopefully he arrives at the COVID party before the last guest has departed.
I've trusted your posts supporting SRNE in the past but, based on the degree of hyperbole in this comment, I wonder whether I should be discounting your opinions in the future.
Phil Bosua on the latest video...
I have to agree that Henry Ji seems to have squandered alot of "COVID capital" by dragging out testing and approval on alot of his COVID products. We're in the middle of a pandemic but testing on MSC and COVID drops seems to be moving at a snail's pace. He said he applied for an EUA on COVI-STIX at the end of last year but there's still no FDA approval on the horizon.
I believe that the announcement from Merck is a serious body blow to Sorrento. I think Merck will definitely get approval for this drug but I'm beginning to wonder if Henry Ji has the ability to get any of his COVID products approved... with this news I have to take a hard look at my investment in Sorrento.
COVID has certainly slowed things down but this company was missing delivery dates long before COVID hit. This just seems to be how they roll.
I'm still not clear on their ultimate strategy... they plan to sell products to the consumer but can't possibly support the marketing, fulfillment, customer support, etc. that would be required because they are so small. The only strategy that seems to make sense is for them to license the technology.
Hopefully this becomes clearer at the shareholders meeting in the middle of Oct.
I am a long time investor in KNWN and I agree that they need to start getting stuff out the door. UBand was promised for 2019 and they still don't seem to have a working prototype yet... Particle bulbs were promised for delivery this past summer and they haven't surfaced yet... and now we have a new product promised.
It's frustrating to see so much potential with so little progress. My average purchase price is in the neighborhood of 75 cents so I don't feel pressured to sell yet but I sure expected to see alot more progress by now.
Nice find... Global Energy Metals has an 85% interest in the Lovelock claim in Nevada which was mined for cobalt and nickel in the late 1800's. Ore from the mine had 15% cobalt and 12% nickel. The ore was shipped to England for smelting. The mine was eventually shuttered, probably because it was unprofitable.
With cobalt prices above $30K/ton and nickel prices above $15K/ton it could be quite profitable if ABML's processing technology could be applied to improve the metals extraction. It looks as if ABML will develop a full portfolio of battery metals extraction to complement their battery metals recycling.
Details on the Lovelock mine and Treasure Box project can be found at:
https://www.globalenergymetals.com/projects/lovelock-mine-treasure-box-projects/
There have been 3 high volume days over the past week... still waiting to hear news that explains it.
I purchased alot of shares with an average cost of about 7 cents so I can be patient and wait for it to hit $10. But I did enjoy the 2 day run, thank you.
Agreed... I had a friend who was recently exposed to someone w/ the Delta variant and needed a rapid test in order to return to work. She had to go to a local urgent care clinic and tell them she had a sore throat in order to get the test.
This is criminal - you should be able to get this test off the shelf at a pharmacy and get an answer in 15 minutes.
Up until middle of 2020 ABML was talking about retrofitting an existing structure rather than undertaking new construction... the plan at that time was to have the pilot plant operational by the end of 2020.
They changed directions in 3Q20 when they decided to purchase land and build a new facility. They probably weren't factoring in all the additional permits required for new construction and, in hindsight, it may have been much smarter to retrofit for the pilot plant and build a new structure for the full commercial plant. The earliest that this new plant will be operational will be 1Q 2022, and even that might be optimistic considering how slow this process is moving.
Choosing the new construction route may prove to be a boneheaded decision - let's hope it's not a disastrous decision.
I think the jury is still out on mRNA technology... I've heard so many horror stories from folks receiving the Pfizer and Moderna vaccines and have also heard a number of experts claiming that mRNA vaccinations on such a massive scale will lead to the emergence of more variants. It appears that COVID vaccinations will be a vicious cycle requiring multiple boosters and new formulations... given the high percentage of adverse reactions to the mRNA vaccine why would Sorrento want to go down that path?
I firmly believe that the FDA should have focused more on therapeutics and fast-tracked drugs like COVI-Drops, COVI-AMG, and COVI-MSC rather than vaccines, especially vaccines based on unproven technology.
KNWN stock is in a clear declining trend and, on average, the SP is dropping 5 cents a day... without real products KNWN stock will likely break below $2 in about 10 days and may continue down to break below $1 a couple of months later.
Here we go again... shares are on a slow journey back to sub $2. I've been invested in this company for a little over 3 years now - I got in when the UBand was first announced back in 2018 - and have witnessed this slide multiple times with the recurring news/silence cycle.
Anyone have a clue when they'll finally get a product out the door? We sure have alot of patents but no products. To mangle an old line, "if patents were products we'd all be millionaires".
Yea, it sure would be nice if they could get something out the door. Even Particle seems to be stuck in the quagmire. It's like Hotel California... great ideas check in but products can never check out.
This appears to be a different company... KNWN Technologies, a south Florida company which develops software. Their Linked-In description:
https://www.linkedin.com/company/knwn-technologies
The NASDAQ listing process seems to be slow these days... a company that applied in late Dec 2020 just got listed yesterday. Before COVID and all the SPAC activity the listing window was 2-3 months from application. Now it seems to be more like 7 months.
I think your assessment of end of summer is probably spot on.
Probably GeorgioD... he seems to be up on the most current news.