So, still 1880 units in stock and a prepayment of $1.3 mill with AEE, which by my rough calculation is over 7500 units.
Now this is pre Xmas shelf stocking promo period stuff, hardly numbers that will generate anywhere near the $25 million which by Duff's estimate would be a walk in the park.
Even if they are making $100 per unit this equates to $630000 from current inventory.
They expect to spend $950000 this quarter and start the buy out process of Airselfie.
If the numbers were genuine the share price would be on the move, this is the Xmas period after all. This announcement seems like the rest, a stalling process.
IMHO
IOT Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held