KNW - stevehemingway/trading GitHub Wiki
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.