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12/10/16
11:37
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Originally posted by stkman
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Just when you think you've seen it all with IOT...this has to be a joke. Instead of focusing on their product or even OTT for that matter, they've found a new dead end way to burn the cash they have in the bank. Sooo...
> No Roam-e production samples
> No mention of OTT since July
> Possible legal proceeding with SK over intellectual property
> Now acquisition of dated and controversial technology
(So much for their motto of): "We make tomorrow's technology affordable today"
With no revenue and such a big cash burn rate, perhaps Tod McGrouther was brought on board for another CR after all. Apologies for sounding like a "downramper", but I'm not even holding and I'm frustrated with this.
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I believe they had left over money to acquire the HoverBoard Business.. Why not buy it?
They will develop it and bring out new products.. I don't see why people are looking at this negatively.
Again.. Rome was not built in one day!
IMO anyways..