IOT 0.00% 0.1¢ iot group limited

AGNOSCO Tech, page-90

  1. 9,149 Posts.
    lightbulb Created with Sketch. 1064
    So in the 28/2/17 IOT annouce
    "The decision was also taken to write off the Goodwill acquired in the reverse acquisition
    by Ardent Resources Limited of OK IOT Group Pty Ltd as well as all Research and Development expenditure incurred to date including those costs previously capitalised."

    So they announce they are a drone seller only in November 2016, then February 17 announce R&D has been written off, then claim 900k in R&D last quarter.

    Anyone know what's happening here?

    Cheers
 
watchlist Created with Sketch. Add IOT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.