Know Labs Inc (KNW)

[einstock]

Quick summary of 8k

They probably increased shs outst to 500m because they were at approx 110m before they issued 53m to SSTF putting total out at 165m ish.

No company wants to be in a position where they cant issue stock so they ramped up the shares out to a figure that gives them plenty of room. NO they dont need to use them but they want them available.

The 53m share, or $5.3m should give them plenty of runway now. They owed the CEO of TransTec $1m and also owed the CEO Ron Erickson approx $600k (which put out of his own pocket to pay off toxic guys by deadline).

Notice the 13D Ron Erickson filed too? The guy puts his money where his mouth is.

With regards to $1 a share price. Based on the other players in the space, VSUL has significantly much more potential. One company is now valued at over $200m for a device that ChromaID will be able to do as well.

The money will be in licensing this technology and selling access to this soon-to-be VERY valuable database. The margins should be crazy high. Companies will be paying to identify, detect and diagnose any object (liquid, solid or gas)based on the "light fingerprint" that is in the ChromaID database.

Think of a database that can be accessed in seconds from mobile devices..that identifies ANY physical object in the world.

If you're thinking of just a $1 share price you are missing the very BIG picture with this one.