Monday, March 30, 2020 7:45:45 AM
I also own this stock, but, to be honest, I'm not sure how competitive it will be in the corona virus detection arena. Their test will work, but it takes an hour. Abbott's test - that just received FDA approval - only takes 15 minutes. Plus this machine can only do one test at a time and that means at the most 24 tests/day.
I like them more in the animal health sector, in doctor's offices where hundreds of tests are not needed every day, and eventually in the food health/safety sector - but here they will need to develop a machine that can test more than one sample at a time. I was told by Jack Regan that they will work on this in the future. Technology is great and it works. I'm sure it will get FDA approval later this year and that sales will begin so that should give a real boost to the stock price - something I'm counting on - but I don't think it will be a blockbuster for corona virus testing. I also expect a buyout at some point. Just my personal opinion.
I'm trying to pick up a few more KNWN shares today at these prices. I hope I will not be disappointed!
I like them more in the animal health sector, in doctor's offices where hundreds of tests are not needed every day, and eventually in the food health/safety sector - but here they will need to develop a machine that can test more than one sample at a time. I was told by Jack Regan that they will work on this in the future. Technology is great and it works. I'm sure it will get FDA approval later this year and that sales will begin so that should give a real boost to the stock price - something I'm counting on - but I don't think it will be a blockbuster for corona virus testing. I also expect a buyout at some point. Just my personal opinion.
I'm trying to pick up a few more KNWN shares today at these prices. I hope I will not be disappointed!
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