It is indeed what I think - and if you read their business plan and announcements vs reality, I think is hard to form a view other than (1) these guys are totally incompetent, or (2) they continue to mislead the market in order to prolong their tenure. We were sold the story that these were highly talented and experienced guys in the IOT space, and rewarded them with cash and shares, way in excess of alternative (actually talented and qualified) staff would cost. What's your explanation for burning through $20m cash with no result? Bad luck? Global warming?
IOT Price at posting:
3.1¢ Sentiment: Sell Disclosure: Held
