IOT 0.00% 0.1¢ iot group limited

Why would they state, "Recent Capital raised of $582k will be...

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. 2,819 Posts.
    lightbulb Created with Sketch. 434
    Why would they state,

    "Recent Capital raised of $582k will be used to purchase stock to sell in the Christmas period"

    When they already have on Deposit approx. $1.3m with manufacturer AEE. This a prepayment for inventory.

    And an inventory of 6,300 units (Wholesale Value of $1.085m).

    Unless of course the capital raise is to keep the lights on and Sean's Deliveroo lunch order paid.

    Mmmmmmmm, I'm hungary now.

    Unwashed non-holder
    Last edited by spinefx: 27/10/17
 
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.