IOT is trading at 3 x cash, has no income and the only "current" products they have (if they are even ready)?" is as a glorified reseller of AEE drones.
I could call up AEE today and resell their drones on Alibaba, think AEE give a rats who sells their product?
The meeting with alleged retailers on Dec 5 is IMO garbage, the catalogues for Christmas are well and truly out by mid to late November, esp in US, the retailers really don't have time or care to meet and greet in December of all times.
It is about time people start calling these ambulance chasers out for what they really are.
Where are the guidance of 440,000 deposit paid preorders?
Why OTT gone?
Hoverboards? Gee that was really stretching!!!
Where's the best selling watch in Coles gone? Even these were just as a reseller of a Chinese product palmed off as their own.
It's ok to just be an EBAY reseller of others products, which IOT now is, but don't lie about it, and promote others products as your own to the holders of your own company.
**IOT need to just find niche products and resell them, hire the best niche finders to locate the best niches of products with the best ROI as a reseller, and sell, sell sell.
They have nothing else, the Roam-e is a joke, they will not sell 44,000 this millennium, never lone 440,000.
The cash burn is ridiculous.
IOT Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held