I understand that plans can change but the information provided by IOT in these earlier links are that IOT has working products with distributors lined up all around the world ready to sell large volumes of IOT products. The first being the Roam-e for sale December 2015. They stated indicative orders of 440,000 - would be interesting to know how they came up with that number. The plans for IOT seemed well advanced, stating they held proprietary technology and working videos of products etc. IOT are now re-selling a handful of Rova's, designed and manufactured by AEE, on Amazon. It is VASTLY different from what was outlined. It should also be noted than when executive salaries outweigh income it is a red flag - in the case of IOT this is a major concern. I understand it is a start up but salaries can always increase as revenue increases. They are putting the cart before the horse.
Can you understand that people invested in IOT based on projections, products, technology, agreements in place etc that have not eventuated? Can you understand why a lot of investors have little or no faith in IOT?
- Forums
- ASX - By Stock
- IOT
- Rova Sold out at Amazon ?
Rova Sold out at Amazon ?, page-362
-
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IOT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online