And that trebled the price?
In July of last year they had the capacity to produce 10,000 watches a week. If they made $10 per watch, that would have been $100,000pw profit so if they had started in October, by now they would have made over $3m and not needed the capital raising or share dilution. As well as having a market presence.
Ann: Appendix 3B-IOT.AX, page-46
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