IOT 0.00% 0.1¢ iot group limited

With no revenue coming in, a delayed product still in...

  1. 239 Posts.
    With no revenue coming in, a delayed product still in development, massive internal issues/changes to manages, massive cash burn rate as reflected by quarterly, and the very likely cost of legal proceedings, I fail to see how they have money left over. Their focus should be to deliver a product asap to establish themselves in the market, or try to save their money to stay on their feet long enough till they do.

    To me this feel as though they don't expect to get any cash flow from any of their products anytime soon (either due to legal or progress issues), so they're looking outwards for a quick fix. Throwing $1M at someone who more likely to get something out to the market (dated trialed and tested technology)...with the plan to fully buy them out if it sticks.

    IMO they wouldn't be doing this if they had faith in their ability to deliver the Roam-e to the market anytime soon.
 
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