Sounds like it's all been planned from the beginning. Pump the share price as much as possible then do a CR at a decent price and then start working on the products etc
As evil as it sounds (particularly to shareholders) you've gotta give them credit. From management's strategic point of view they've done pretty well! I'm sure Ian is behind this with his previous experience it sounds like something that he'd come up with.
Nevertheless, they're in a very good financial position at the moment which allows them to fully concentrate on the products, sales and marketing. And with so much cash, they'll have more than enough time to achieve all they've set out to.
And another thing that keeps me more or less confident is that management owns a very large portion of the shares which are escrowed for a while. So they'll be more than interested to make this venture a success.
Happy to hear other opinions on this.
- Forums
- ASX - By Stock
- IOT
- Roam-e Prototype Available in 10 Days
Roam-e Prototype Available in 10 Days, page-482
-
- There are more pages in this discussion • 65 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
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online