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Know Labs Shares Soar Following Goldeneye Takeover Deal

Ellis HobbsAvatar
Written by Ellis Hobbs Reviewed by Jack Kellogg Fact-checked by Tim Sykes
Updated 6/11/2025, 11:32 am ET 4 min read
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Know Labs Inc.’s stocks have been trading up by 14.57 percent amid a surge in investor optimism following promising developments.

Key takeaways:

  • Shares climbed a staggering 155% following news of a controlling stake sale to fintech investor Greg Kidd.
  • The deal involves a mix of Bitcoin and cash, signaling a shift toward cryptocurrency-based financial strategy.
  • Market buzz centers on Kidd’s pending role as CEO, marking a significant leadership change.
  • Despite the positivity, investigations are underway for potential fiduciary breaches in the transaction.

Candlestick Chart

Live Update At 11:32:11 EST: On Wednesday, June 11, 2025 Know Labs Inc. stock [NYSE American: KNW] is trending up by 14.57%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview:

The recent takeoff in stock prices for Know Labs hints at favorable investor sentiment. Initially, trading around $0.50, the stock’s sudden jump in price got fueled by the announcement of the acquisition deal. Key financial metrics from the latest earnings report paint a stark picture – challenges and opportunities. With notable losses reported in their income statement, the promise of new management and a strategic shift gives hope in a more profitable direction, crucially when the latest figures show a concerning negative pre-tax profit margin of -2123.3%.

More Breaking News

Operational cash flow seems strained given the company’s negative free cash flow, while the adoption of a Bitcoin-based treasury strategy throws a wildcard into the mix, potentially mitigating the financial pressure if managed well. Despite large debts and the negative assets situation, investor confidence could grow depending on how quickly these actions translate into financial gains.

Market Reactions:

Following the announcement of Greg Kidd’s fitness to lead Know Labs, investor excitement is palpable. In financial markets, momentum can quickly sway perceptions. From what used to be a languishing stock, interest soared primarily due to the prospects attached to Kidd. His fintech expertise might catalyze ongoing company restructuring – a significant point for those recalling past hardship when Know Labs attempted similar expansion routes. Thirty years in the business tells him change is imminent. Most notably, Kidd’s close-knit relationship with cryptocurrency resonates well with those betting on the future.

Yet, a potential pitfall exists – investigations into the merger’s fairness and adherence to securities laws. Halper Sadeh LLC’s involvement could hint at more than mere procedural filings. Stakeholders watch warily; should these shadow over promising overtures, it would deflate gains just as fast.

Conclusion:

Know Labs’ recent fortunes offer an exhilarating tale of possible revitalization through strategic maneuvers. Backed by futuristic financial methods, the company stands at an inflection point, where maneuvering past scrutiny while exploiting novel opportunities dictates future success. The new era beckons, promising excitement couched in volatility. Traders should keep a keen eye on emerging developments and how well the predictions align with financial performance. As millionaire penny stock trader and teacher Tim Sykes says, “Small gains add up over time; focus on building wealth gradually, not chasing jackpots.” This sage advice reminds traders to avoid putting all their eggs in one basket, despite the allure of vibrant skies ahead.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Ellis Hobbs

Trainer and Mentor on Tim Sykes’ Trading Challenge
He teaches webinars on Tim Sykes’ Trading Challenge He treats trading like a business, not a hobby He emphasizes taking small risks — “If you get the process right, money is a forgone conclusion.”
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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