Replies to post #551 on Know Labs Inc (KNW)

[einstock]

Ron Erickson, through another company he owns or is an investor in, loaned VSUL 485k (based on memory) to finally pay off Ascendiant and Gemini by May 31. If VSUL didnt pay those 2 companies, they would receive warrants and more shares.

Part of the 500k was to pay that company (he owns or is an investor in) back.


Between open market purchases and paying off Ascendiant/Gemini over the past 2 years, Ron has spent a good chunk of his own money. Toxic financing has been crippling this company.

I would agree though that now is when the company needed HIM or other existing investors to invest the most. Surprised that SPP didnt participate (I am just assuming they didnt).

There are several other major holders (besides SPP) who just saw their percentage stakes get pretty diluted.