Replies to post #2216 on Know Labs Inc (KNW)

[tjguy]

So here is what that said:

"On June 1, 2020, the Board of Directors of Know Labs Inc. (the “Company”) approved and ratified entry into an intercompany Patent License Agreement (the “Agreement”) dated May 21, 2020 with its wholly owned subsidiary, Particle, Inc., a Nevada corporation (“Particle”). Pursuant to the Agreement, Particle shall receive an exclusive non-transferrable license to use certain patents and trademarks of the Company, in exchange the Company shall receive: (i) a one-time fee of $250,000 upon a successful financing of Particle, and (ii) a quarterly royalty payment equal to the greater of 5% of the Gross Sales, net of returns, from Particle, Inc. or $5,000."

Do you know how they plan to fund Particle?

It says "upon a successful financing of Particle, ..."

Does that mean that the parent company will fund it or that Particle itself will do a fund raise? Am a bit confused.