IOT iot group limited
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Ann: IOT Rova Selfie Drone becoming available on Amazon.com, page-9

  1. Torbreck
    12,672 Posts.
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    14/02/17
    10:27
    Post #: 22591100
    Based solely on expected sales of its ROVA product in North America, the Company projects calendar 2017 revenues of at least AU$25 million, a level of sales that would generate positive cash flows in the period

    Surely they cannot forecast this? I wouldn't touch this with a barge pole, I don't think they have any idea how the product will sell and the fact they pulled $25m out of their ar%$ speaks volumes...
    Last edited by Torbreck: 14/02/17
    IOT Price at posting: 4.2¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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