Ann: Robo R2 launches across retail partners, page-102

My assumptions as follow:
- 1st shipment about 400 R2 machines transport by Air for kickstarters arrived in late in May ($800 aud) . This likely help them to resolve earlier minor technical, software and packaging issues.

- Second shipment arrived in first week of July and is likely by Sea Transportation. This shipment should be in the 2000 plus machines based on the estimated production capacity.

- Third shipment likely to arrive early next week.

There are very good reviews for the C2 and R2. R2 and C2 are popular products, even R1 plus users are still happy with their products.

September and December quarters will look much better.
For the quarter report coming out soon, it would be better for @ryanl to provide some indication of the sale figures for the up coming quarter.
If revenue for the June quarter reaches between 1.7-2m then it isnt that bad. Their marketing only picking up in July.
If you are in for long term then it shouldnt be a problem.
Exectuive performance rights kick in when their revenue reaches 7.5M USD, founders and employee performane rights kick in at 10M USD in any given 12 months period.
@ryanl, reading your previous comment advising that employee performance rights kick in when reveune reaches 7.5M USD was incorrect based on the prospectus

Keep in mind, Mr Tony Grist holds close to 20% (2.5M) with the recent 1M loan. They are very serious in this company. Founders and directors are also very committed to this company especially Braydon. The poor guy has been doing a lot. Get rid some marketing employees to save cost is much better
Raised the CR at 6c has impacted short term holders mentality. Unless they see real sale figures, not many will be interested.
Look at Nuh, tv2, bud etc. They can not pump unless there are very good news with concrete sale figures. Give it another few months, this baby will fly.