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so basically a price sensitive market announcement is released...

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stevey007

3,054 Posts.

09/06/17

14:03

Post #: 25198215
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Originally posted by Warnie ↑

App securities stated the IOT margin may be higher than the normal 10-15%.
Lets even use a 30% margin......roughly $90 profit per until sold.

3600 sales (that we know about) = $324,000 "product" gross profit.

Out for that figures needs to come commissions to USA reps, wages to USA reps, all marketing costs, delivery costs, wages/admin and development costs from IOT.

**Also need to pay the factoring service.
**Also require the (from memory) the circa 20% deposit to get AEE (new production).

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so basically a price sensitive market announcement is released to shareholders stating they might have earned enough to cover sean neylons salary for maybe 4 months. Wow.

IOT Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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