Ann: IOT to acquire US headquartered HoverBoard business-IOT.AX, page-211

You can't seriously look back on everything that has gone on over the last 8 weeks and still believe all is right and good at IOT.

The hover board deal is just another diversion and distraction for a group who started with no idea and still have most of it.

They have no focus or direction, clearly demonstrated by their inability to complete any project they have started.

I am sure there is a whole lot going on behind the scenes that would gob smack any business management team of substance.

They have a pile of cash which is their only saving grace. No one would lend them money based on performance or even promise so lets hope someone in the business takes proper control, re evaluates and refocuses the business before the cash is all gone.

Roame is a lost cause. They missed the mark and the mention of the feasibility report is just the warning that its over budget, can't be produced for the original target sell price and marketing / distribution costs are going to erode profitability to the point where the project just won't fly (pardon the pun).

Just an opinion, but for me the writing is on the wall. Been watching it drop every day and genuinely feel for everyone who has been caught.