A month of excellent news - in Anns. Ok I will (apologies though I am time limited right now)
1. October - IOT announces a new board member, specialising in Capital Raising
2. Mid-Late October - 2x Anns announcing the company's excitement regarding entering the arguably defunct hoverboard market
3. October - Quarterly released demonstrating next to nil revenue, high operating costs and fails to present any real positive forecasts.
4. November - 2x Anns about IOT booting out its founder. Upside is that there supposedly won't be any significant costs associated with this, excepting the usual court costs (or so we're told)
5. November - IOT suddenly realises that (2) above is stupid, and withdraws from the agreement (yes there was a change which allowed them this avenue of withdraw)
6. November - IOT also realises that OK watches is useless, and withdraws from that game. Oh, and that IOT wonder OTT which was going to become an entirely new entity and we were all going to get shares in it?? Yeah, its gone...
7. Investor presentation is released with more pages about another company's products than their own, but hey, they're "ramping up the sales and marketing of drones through our distribution networks", I presume this is for their October 2016 release of 440,000 units, of which there has been nil information, clarification or update.
So... thanks for at least letting me readjust my sentiment again (from earlier today).
IOT Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
