Australia's largest stock trading and investment forum Australia's #1 stock forum

IOT

Click for more information

0.00%

0.1¢ iot group limited

Ann: IOT raises $0.582M in a Placement, page-3

First 3 Last

Share
Profile

Follow
cainen

1,017 Posts.

28

18/10/17

10:09

Post #: 27989484
Share

Originally posted by Bloemyburger ↑

So $582,000.00 in funding. Say it costs $25 each per unit to make which means they are going to make 23,280 units.

Unit sale to retailers for $150.00 per unit - 25.00 it cost to make = $125.00 x 23280 = $3,492,000.00 in revenue after cost of production.

I am pulling numbers out of my butt here. Someone more educated in all of this could make it more accurate.

Expand

Total executive remuneration in 2016 = $1.5m.

Raised $580k.

$580k/$1.5m = another 4 and a half months to continue paying themselves.

IOT Price at posting: 0.9¢ Sentiment: Sell Disclosure: Not Held
15 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

First 3 Last

Add IOT (ASX) to my watchlist