Ann: Exclusive USA Distribution Agreement-IOT.AX, page-232

Thanks A

Yes I just did my own calcs and based on price of USD $400 for e-ROAM (think it is $395 but lets make it round $400 for calc purposes).

At 10,000 units per week for current production of e-ROAM yes equates to $207m per annum revenue

And with the increased planned to 50,000 units per week from September 2016 this equates to revenue of $1.04 Billion per annum

Cripes based on those numbers glad I held a parcel at the close.

So how does one value a company earning revenue of over $1 Billion per annum from September 2016? I would suggest that even a $100m market cap seems a little cheap on those numbers!