Just did a quick scan of the report correct me if i'm off on any off this.
- Total equity under 6 million as of June 30th (so under five now if cash burn remains consistent) with around 1.8 mil left in cash
- OK watches bought for $234,758 sold for $277,356 so before other expenses the OK watch stuff netted them around 40k
- Salaries for the handful of people that work there seem to be bundled under "Payments to suppliers & employees" and is costing the company 4 million for the first half of the year. Anyone with better knowledge than me want to take a guess how much is being paid in salaries for the guys in Sydney when employee benefits alone is listed at over a million dollars this half year.
- Sample run paid for and starting soon at the cost of around 600k.
- Somehow marketing has cost them over 1.5 mil for the half.
Is that right?
IOT Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
