KNW - stevehemingway/trading GitHub Wiki


tags: [analyst/white-diamond-research, potential/short, thesis/fraud]

Know Labs

We've just published a new bearish report on Know Labs (KNW).

Know Labs Is An Obvious Medical Device Scam, We're Calling: “Theranos’ Retarded Cousin”

  • Know Labs (KNW) is a blatant and obvious medical device scam, claiming to be able to non-invasively measure glucose without skin penetration, which has never been done.
  • KNW has been pitching their device, the “Bio-RFID”, to investors since 2018, but there still aren’t any peer-reviewed publications about its design or performance.
  • KNW claims the Bio-RFID works but hasn’t reported any 3rd party tests or studies outside of the company.
  • We interviewed a medical sensor expert who researched the Bio-RFID device and concluded that it wouldn’t work consistently in clinical settings. He said: “the dielectric constant of salty water in the skin dominates any meaningful isolation of a glucose-specific signal”.
  • Other firms are further along than KNW in this area of research but are still miles away from FDA approval.
  • KNW has no collaborations with respected medical or academic institutions, and there aren’t any influential people behind its technology.
  • The only doctor working for KNW is a 76-year-old guy who has 4 other jobs, who has never invented anything. There are also zero doctors on its Board of Directors.
  • KNW’s CEO, Phillip Bosua, and its Chairman Ronald Erickson, have no medical experience.
  • KNW conducted NFT sales in Q421 and Bosua richly profited from it, using his personal Coinbase account. Additionally, over $1M worth of Ethereum was transferred to an unnamed “consultant.”
  • KNW has another 60M shares that can be diluted from options, warrants, preferred shares and convertible bonds - some just got registered yesterday. The preferred shares and convertible debt have exercise prices as low as 25c per share and are now able to be exercised.
  • KNW and its related companies have wasted over $100M of investors’ money, failing all of its inventions and products for over 20 years.
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