Ann: Appendix 4C - quarterly, page-7

Teddy,

I'd be surprised if the actual deposit(full) amount was paid to AEE, it's not like we can check their account.

I understand some ROAMe's were produced, not sure they were a commercially ready product. The Cgi video said yes the live videos said no.

The ROVA was a rebranding of the AEE version. They did sell some/few ROVA's across various platforms worldwide.

The AirSelfie was not even theirs, seemed like a licensed agreement, even Telstra gave it a half hearted go at selling as part of a package.

What is clear is that paying a Sales Exec nearly $400k a year plus free shares and options was never a viable option for a company selling low margin drones.

ASX and ASIC won't bother looking at this, there's nothing to be gained from it for them.

"We have completed a full and comprehensive assessment of IOT's operation and have found them to be compliant"

It has been a great case study of market manipulation, unfortunately not the only one these guys have been involved with.

Who could forget the Duff announcing that IOT would generate $25mill revenue or the huge global drone push that was to flow from the success at CES.

Seems like a case of you tell enough lies people will eventually believe them, IMHO.


All the best to shareholders.

Cheers