The cash position is low considering the plans they have and it looks like the pre orders haven't quiet delivered to expectation otherwise we would have heard so imo they have gone to the brokers and a deal is on the table at a set price ready to go.
Wont see much selling from this level imo, retrace is done and brokers had this in the palm of their hands today.
I would like to see a 20-30 mill placement tomorrow
IOT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held