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al-pbs

489 Posts.

20/08/16

14:25

Post #: 18565215
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Originally posted by Stock man ↑

Iot is driven by ego unfortunately.

Company's fail because of ego and being stubborn
The same reason why 10 years ago my family lost a very big business.
Ego ...
Somethings not working, lets change it.
Lets cut it loose and keep moving foward with new ideas and 12 mill.

Ego will stop this from happening. If everyone in business admited to being wrong in the beginning amd stopped a failing idea coming to fruition, then im sure there would be less failures on the asx. " not including fraud" .

If they make this roame thing, i doubt it will sell.
And i think the first batch of orders will be their last orders.
Then im guessing you will see roame in showbags all across the world.
Now thats just my poinion. I could be way out on that one!! .
Marketing is key to making a rubbish product sell. And they dont have marketing. They chose facebook for free adverting. And that in itself is scary.

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Do you think they'll have any chance of recovering after that?

I mean they still have quite a bit of money left. Is there a chance that they might come to their senses, restructure and turn it around?

P.S. just after your opinion

IOT Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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