Ann: May 2017 Operational Update, page-116

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Mibejo

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118

04/05/17

07:30

Post #: 24456936
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Originally posted by brassmad ↑

G'day Hamish, thanks for a well put together post.
I agree about the ann, which is transparent in a number of areas - volumes of current orders (which I hope will be updated periodically, weekly or fortnightly would be good), clarification on the Hammacher Schlemmer deal including the "no cost to IOT" disclosure, indication of expenditure on stock, the R&D incentive refund, the Trade Finance which removes the pressure for a CR, and especially the IOT structure in the US.

Re Roam-e, prior to the footage from China, it was suggested by the former CEO that the Roam-e was particularly suitable for inside use, hence the video in the warehouse. I'd like to see it as part of the product range, maybe specced up for the adventure market?

Point 3, might be worth asking IOT about the $438K. I'll give it a try, unless you'd like to talk to them yourself?

Point 4, I don't know if they had any cheap innovators, but atm the focus has moved away from tech innovation, as per the quarterly report. I personally know investors who are not happy with that change, but the revenue focus appeals to me.

cheers

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Hi Brass,

Trade finance does not remove the pressuee of a CR. It will only cover the sale and margin or goods sold,- not day to day running costs including wages

IOT Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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