The insmod command just takes our module and inserts it into the kernel; after that, it executes the module_init() function.
During module insertion, if we're over an SSH connection, we'll see nothing on the Terminal and we have to use dmesg to see kernel messages (or tail on the /var/log/kern.logfile, as discussed previously); otherwise, on the serial console, after inserting the module, we should see something like the following: