Any shareholders here looking to take up their entitlements?
Seems that the $25 million they forecast in revenue for last year may have been fib. Looking to raise $2.3 mill and spend 43% on product development?
They distribute 2 drones owned by other companies, if they are actually developing any products maybe update the market what the actual products are, rather than just say "we are developing other products".
Reselling different colour drones would not be a cost of development to IOT.
Quarterly due by the end of the month, wonder if that's why they have slipped this in now?
If they can't make enough money over the Xmas period, the future is not rosy.
Even the pips have dried up, for those traders. At the moment most holders look to have bottom drawed this company.
IMHO
GLTAH's
IOT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Not Held