IOT (ASX) 99% Negative post all day, Why ?

Originally posted by centrenow ↑

Brass - are you claiming to have info NOT in the public domain?, or could you please post the links to the ""facts"" you stated in these quotes from your post last night

""management have taken a 3 month deferral on salaries, which suggests solid commitment to success to me""
the email about the cap raise said a 60% cut, not a deferral, the op ann yesterday said only a deferral of salaries/fees. Where did you get the 3 month timeframe from? It would appear the email from the company last thursday including this quote""60% cut in Wages/fees across the IOT Board and its Senior Executives."" is factually incorrect. Why not a cut and compensation actually tied to results, as a profit driven company? How long is the deferral? Might just be a week? Or a month salaries/fees deferred to the following month? I didn't see any detail in the ann saying 3 months

""the Airselfie deal is now providing IOT with higher profit margins""
I do not believe that any info has been posted about margins. Furthermore I would expect the profit margin/profit per unit to be lower as both AEE and Airselfie Ltd will have significant percentages as the manufacturer and inventor/designer (versus the Rova where IOT claim to have designed something, but never answered the Australian journalist about what that was). Please provide anything in the public doamian to back this up. As currently no orders have been announced and both the Amazon and Airselfie websites are selling these for delivery 3-5 weeks out from now - IOT are at this moment earning no revenue or margin from this product, and not likely for several weeks!!. IMO it is a risky move for IOT to have committed to 15000 units (per ann 450k paid to AEE as deposit) as the Airselfie kickstarter and social media are filled with people who have ordered and either not received unit, or the unit doesn't work as expected (both flight and battery issues repeatedly mentioned) - and they could get stuck with inventory

The market does not appear to have brought into the new strategy touted as being implemented from last november
Nov 30 closing price 4.1c....down to 1.3c yesterday. blame it on the so-called down rampers?? lol
IMO DYOR -

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@centrenow The info is in the ann

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@centrenow The info is in the ann [ATTACH]

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@centrenow The info is in the ann [ATTACH]

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