IOT 0.00% 0.1¢ iot group limited

Just when you think you've seen it all with IOT...this has to be...

  1. 239 Posts.
    Just when you think you've seen it all with IOT...this has to be a joke. Instead of focusing on their product or even OTT for that matter, they've found a new dead end way to burn the cash they have in the bank. Sooo...

    > No Roam-e production samples
    > No mention of OTT since July
    > Possible legal proceeding with SK over intellectual property
    > Now acquisition of dated and controversial technology
    (So much for their motto of): "We make tomorrow's technology affordable today"

    With no revenue and such a big cash burn rate, perhaps Tod McGrouther was brought on board for another CR after all. Apologies for sounding like a "downramper", but I'm not even holding and I'm frustrated with this.
 
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