Ann: First production order for ROAM-e placed-IOT.AX, page-100

Re-reading the key bits of the update - I actually believe they could well be on track for delivery in December Quarter and Xmas sales.....As thinking about this does not sound a lot of work to complete.

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In terms of the technology development, IOT is conducting test flights which are continuing to refine flight control software, altitude hold and auto take-off and landing are substantially complete:  My Comment:  Ok final refinements which could be matter of weeks to finalise.

GPS positioning is well underway My Comment - Ok this sounds at early stages but incorporating GPS positioning is fairly mature tech to integrate I would have thought.

Vision system software integration with flight control software is well advanced:  Again this does not sound unduly complex part of the product development.

and the manufacturing tooling drawings are substantially complete - good so assume early lead orders placed for components those drawings have been provided.  Would need to see this as complete very soon though.

and early long lead time orders are being placed: My comment - yes this is what I was saying getting the long lead time components done early  - - good.  Only way this timeline can work.

So it sounds to me like there is at least another month (say to end of September) to get all things fine tuned.

Like them giving these sort of detailed updates.  Now like to see some of these things have now completed as part of the next update.  They might just get these products ready for Xmas trading.  Available say early to mid December. Tight but possible as sounds like AEE are ramped up ready to go.

I do wonder that there has been so much negativity towards this stock that they could well by the last update actually pull this off and deliver a working product by Christmas with large firm orders committed to.  And that all this negativity has made people miss that they seem to be making some real progress.

And to remind ourselves - indicative orders given of 430,000 which of course does not equate to what they might achieve as firm orders.  Yes if they got that - this reprsents revenue of around $215m or even if say they achieved half that firm orders that would be around $112 m in Revenue versus market cap of $20m which includes around $11m cash.  Starting to get better risk reward equation with each update.