IOT 0.00% 0.1¢ iot group limited

Way under the odds? They have already wasted near $20m, that is...

  1. 17,233 Posts.
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    Way under the odds?

    They have already wasted near $20m, that is $20,000,000.00 in 12 months, as a startup and have no revenue of note from all that money?
    They have also closed down 2 of the departments that actually did turnover some kind of revenue.
    They have an unfinished drone product that chewed up most of the wasted money, along with marketing spend bigger than Coles.
    They still plan allegedly on marketing the silly Roam-e mid year, more money wasted, and another that you can't buy other than black and Amazon, the only supplier has none in stock?

    They are all still on excessive income, some are on twice that of the Prime Minister.
    They hand out shares and options like confetti.
    They never meet any targets, they buy likes, put up fake reviews, like their own posts on FB and twitter.

    It's not advice, you do as you please, but I don't like to see anyone lose their hard earned.

    Good luck Brassmad.
 
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