Tuesday, January 25, 2022 1:18:53 PM
First let's note that KNOS is currently listed on the OTC as Pink Current Information, Verified Profile 08/2021, Transfer Agent Verified and with Independent Directors.
Regarding the exchange of 600,000,000 BIT for $1,000,000 in debt, Coinmarketcap.com lists BIT as an "Untracked Listing" and shows the following...
First Bitcoin (BIT) Price Quote on Coinmarketcap.com
This would put the current value of 600,000,000 BIT coins at $3,353,574. I'm not sure what the value was on the day of the trade but it seems to me that KNOS came out pretty sweet on the deal.
Now BITCF got suspended in 2017. The coin/debt exchange didn't take place until 2018. Now, if as you say, the coins were only worth $315,054 on the date of the transaction, why wouldn't a suspended company try to receive a $1 million debt note for just over $300 in assets. In the meantime, KNOS bought an investment that produced a 1,000% return in three years. It seems to me, both companies did pretty well.
Next, I don't see anything surprising in the fact that after BITCF loaned $1,250,000 in 2018 & 2019 to KNOS, a company that showed virtually no revenue at the time, BITCF management would join the management of KNOS. You erroneously claim Greg Rubin to be the control person of BITCF when it is actually Simon Rubin and the relationship to Michael Rubininov, President and Head of Business Development at Kronos, is unclear to non-existent. Moreover, the only relationship of Simon Rubin to Greg Rubin that you've made is that they worked together for a time prior to 2010.
Now regarding your claim...
This is just factually incorrect. The Corporate offices of Kronos are at 2501 Garfield Ave, Parkersburg, West Virginia, 26101
You go on to claim...
But you don't supply any evidence that this is toxic debt. The debt cannot be converted into more than 9.9% of KNOS's OS and now that the management of KNOS and BITCF are combined and KNOS is a virtual subsidiary of BITCF there is no incentive for BITCF to do anything to damage the KNOS pps. Toxic debt makes no sense here.
Moreover, you state that KNOS made only $3,000 in 2019 but failed to mention that they produced $503,000 by June 2021.
All in all I'd say this is a poorly constructed hit job on BITCF and KNOS that pretty much boils down to a bunch of innuendos.
Les
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