IOT 0.00% 0.1¢ iot group limited

Ann: SUPPLEMENTARY PROSPECTUS, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,207 Posts.
    lightbulb Created with Sketch. 47
    Fees: The delivery fee is based on an algorithm which is 16xDelivery Time/60minutes. For example if your run took 30 minutes, you would be charged $8. They then charge 6% on the cost of goods (this is due to the runas doing more than than just collecting items - they're shopping, lining up, paying and delivering).

    So that loaf of bread and milk just got real expensive. And who would honestly do a run for an earning of potentially less than $10 before costs(Fuel + time) it just doesn't make sense unless you have a multitude of users in the same area at the same time using a singular Runa???
 
watchlist Created with Sketch. Add IOT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.