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You forgot to elaborate on the court case. They must be in a...

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489 Posts.

02/09/16

07:59

Post #: 18875745
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Originally posted by samkeil ↑

Here's my view if I may...

Simon Kantor - CEO
Kantor is the business. Everyone else is in it for the ride. But not necessarily in a bad way. Kantor needs mentors. If Kantor was dodge, he would have sold some of his shares or bought some more at any point. He has been very vocal about the product and has put his name and face to it many times. He has A LOT to lose.

Ian Duffle
Ian has belief in the product and Kantor and I'm sure would make an excellent leadership and marketing mentor. He seams to like Kantor and you can tell that he speaks highly of him on an emotive level in the videos. He may be in it for other reasons like pay, some cheap stock, but for him I think its more for fun. If you're semi retired, you choose what you do more carefully.

Sean Neylon
Seans background in in wine and he has a questionable relationship with Ian from a previous failed ASX listed stock. Sean gets stuff done (one would hope), but I think he's just their because of his relationship with Ian. End of the day 'strategic business' isn't very hard and you just need someone who is energetic and motivated for this role. A go getter. I'm not suspicious why he is there. Life is about networking.

Nigel Harvey
Nigel Harvey is a wise addition to the Dir. team. With experience in investment banking and finance he will be able to assist with the process of listing on the NASDAQ borrowing money and leveraging income and equity - if that ever comes to be (I AM NOT SAYING IT WILL GET THAT FAR - Still big risk). Also if you look at Sean Neylon's experience he previously went to LA to attempt to do exactly the same - listing on the NASDAQ pre internet bubble. Why the NASDAQ? Many reasons but access to capital and investors for scale are the main ones. Notice that there are hardly any Tech companies in Australia. I wouldn't list here. That said IOT was opportunistic and it paid off for them withtheir reverse takeover.

Investment bankers and instos
Needless to say they are in it for themselves. They always are and always will. That's their business. They have a place. A lot of people made money out of the CR but its wasn't the retail investors. They (the company) however are in a much better position after the capital raise than before. About $11.75 million better.

Finally I just want to say people are complaining so much about salaries, the cashflow statement and are saying that holders are being ripped off. Its a tech stock and developing ideas and paying people to do so is an expensive reality. Its called investment. Not in tangible assets or intangible assets but in people and ideas.

The half yearly states only 1.174M in staffing cost. Lets call in 2.34M flat a year. Take away payrole and super thats $2M. Take away three director fees at $200,000 a year, $600,000 to date (not including Nigel). Ron Holands - Company secretary salary thats $150,000.

Now lets say Simon Kantor is on 250K. (A man's got to eat right?)

That's 1.05M left divided by the following 9 employees and a couple of interns.

1. Emma van Blommestein3rd
Digital & Brand Marketing Manager
2. Alex Shapilsky3rd
Head of Technology at The IoT Group
3. Amelie Rong Yong3rd
Product Manager at Internet of Things Group (IoT Group)
4. Laila Franzen CPA3rd
Finance and Accounting Manager at Internet of Things Group (IoT Group)
5. William Lumley3rd
Mobile Application Developer, Software Engineer at The Internet of Things Group (The IoT

6. Jesse Aranki3rd
ICT consultant at The IoT Group
7. Rony Dagher3rd
Intervision TV
Sydney, AustraliaTelecommunicati
8. Shu Ueyama
Japan Distributer
9. Poh Lee Koh-
Product Manager

Just a little bit of research. Whatever your thoughts these salaries are still quite low, especially when your attracting talent in a competitive market, in Sydney.

This is all speculative BTW but just trying to apply logic to the available information. I'm not saying trust these directors and Kantor - personally I think they have too many options issues but that's another matter.

Also, it would be naive to suggest that people aren't in it for themselves. This said people can have shared goals and aspirations.

My 2.6 cents anyways. DYOR GLTH

Expand

You forgot to elaborate on the court case. They must be in a massive dispute between themselves.
Can't be good for "shared goals and aspirations"... Consequently your assessment sounds a little naive

And not a single 'proper' engineer or designer - a bit weird for a tech company... Sounds like just a bunch money hungry sharks to me.

Reassess your 2.6 cents IMO

IOT Price at posting: 2.6¢ Sentiment: None Disclosure: Held
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