Ann: Response to ASX Appendix 4C Query, page-18

"IOT is targeting a significant improvement in sales over the next 12 months, and if this is achieved, cash flow is likely to turn positive in the second half of the 2017 calendar year. IOT expects a significant improvement in the cash flows for the June 2017 quarter also. IOT expect sales receipts from customers in the June Quarter between $0.5Million and $1Million. In addition, the company expects lower (compared to the March 2017 quarter) advertising, marketing, staff and administrative and corporate costs and will not outlay funds to build up inventory. Finally, the company expects to receive its 2016 Research and Development tax incentive of $0.961Million in the June 2017 quarter."

I find it kind of funny and interesting IMO only that they don't include the disclaimer. They give
the disclaimer ANN to shareholders yet they don't give it when responding to the ASX.

here is part of the disclaimer used in the Operational Update 03/05/17

"When used in this announcement, forward-looking statements can be identified by words such as ‘anticipate”, “believe”, “could”, “estimate”, “expect”, “future”, “intend”, “may”, “opportunity”, “plan”, “in principle”, “potential”, “project”, “seek”, “will” and other similar words that involve risks and uncertainties."