Ann: IOT signs subscription agreement with existing shareholder, page-3

This is like spiral debt equivalent

So you give a company 70,000,000 shares FPO with no escrow and they already have a existing shares and probably a relationship with others .

Then - what would you do sell em because the next issue you get is based on 14 day Vwap? Ha ha .

So for 14 days prior to next issue they sell the crapper out of it and pick up all the shares they want from a lower Vwap to 20%.

Then I'll let you get what happens once they have board positions and control totally.

Let me guess another dillutive share issue to totally wipe out previous holders.

This is a shell play reverse takeover IMO by stealth. Well not by stealth in a way as we all predicted it. All I can say is there is better shells out there that have greater losses but this is a cheap way of doing it. Let me guess - at some point in another issue certain folk will get a opportunity via freebie options or cheap issue get a heap and then slowly move to background. unless they want a figurehead.

Also another dillutive convert note issue or loan is my guess to follow to totally dilute out minorities and bang a few more oppies in .

Wonder if ex management are playing in this murky world to raise a bit of cash before upcoming nuptials??

All guessing and all IMO as I know nothing.


Now when is the sale of the watches, drones, sex aides and phone copters as they will make a great tombstone for the desk and I can award them to every similar play I see in the future but this one is a masterclass and a totally ineffective shareholder base of newbies will put up no resistance but must feel great about paying every cent out in wages for a few years