DD Support Board and Research Team

[nodummy]

re: KNOS

Nice volume / action on that one, but ...


I see in the last KNOS quarterly report that, in April, Rubin got 13,000,000 shares as payment for $58,693 in principal and $41,142 on his $1,000,000 Note.

https://backend.otcmarkets.com/otcapi/company/financial-report/251177/content



That's $.0077/share - great deal especially in when you look at where the price is now.

That brings the balanced owed to Rubin down from $1,250,000 ($1,000,000 + $250,000) to $1,191,307 in principal and approximately $12,000 in interest.

Oddly, when the SS was updated on OTC Markets on 7/2/2020 it still showed 499,689,291 shares outstanding - same as it has been since February 26, 2020, the last time Rubin did a debt conversion.

https://www.otcmarkets.com/stock/KNOS/security

On February 26, 2020, Rubin got 12,000,000 shares for $23,000 in interest on his $1,250,000 in notes (a conversion price of $.0019/share).




So Rubin must have finished selling those 12,000,000 shares between 2/26/2020 and April when the next tranche of 13,000,000 shares were delivered.

When you actually think about it, since the interest rate is so high (causing interest to accumulate quickly), KNOS only paid off $58,693 in principal from those 25,000,000 total shares.

$58,693/25,000,000 is only $.0023/share.


Even though the O/S allegedly didn't change despite the shares issued to Rubin, the float did go up by 17,000,000 from 224,487,897 to 241,863,633 between February 26, 2020 and July 2, 2020.

241m is a relatively big float at $.16, especially for a company with only $14k in revenues in the past year (from 3/31/19 - 3/31/20) and only $2k in cash on hand (as of 3/31/20).

That's more than double the BITCF float (121m) and BITCF mostly traded in the $.08 - $.15 range with the occasional pump/run to into the upper $.30s.

People chasing this up on nothing but hype could eventually be very sorry they bought into the hype.


Also interesting that KNOS added $137,500 in new convertible debt Notes in April 2020.



They gotta pay the bills some how with so little money coming in from their business operations.

But what makes it interesting is the terms of the conversion are identical to the $1,250,000 in previous notes to Rubin.


Personally, since:

1) We know that crypto currency that was sold to KNOS really didn't have near the value that KNOS paid for it;
2) BITCF didn't actually pay for that crypto currency, BITCF shareholders did;
3) and most of the KNOS officers are previous officers/insiders from Rubin's BITCF - Vyacheslav Abramov, Michael Rubinov (Greg Rubin's brother), and Michael Handelman;

This whole thing is basically like some kind of Ponzi scheme.

Rubin is taking $1,250,000 in Notes assigned to him for assets worth far less than $1,250,000 that BITCF shareholders paid for through BITCF stock sales.

And it wouldn't surprise me at all if some of money Rubin made from the sale of that first tranche of 12,000,000 shares was used to provide the $137,500 in new debt Notes.

So basically,

1) fake debt was created by grossly overpaying for crypto assets from Rubin's suspended ticker BITCF,
2) that debt is used to make money selling stock into the market,
3) some of that money is funneled back into KNOS to pay for operations in the form of new debt Notes, and
4) the rest gets pocketed by Rubin and his BITCF associates that now run KNOS.


They do seem to be in it for the long haul though (similar to how they ran BITCF as a multi-year pump & dump).

Converting a little bit of principal while mainly paying off the quickly-accumulating interest and adding new debt Notes using some of the profits from the stock sales, Rubin could continue this scheme for years to come.