Ann: Settlement of Legal Proceedings, page-37

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jeans_sammy

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10/11/16

12:49

Post #: 20517089
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Originally posted by Honesttrader ↑

"experienced an overwhelming response from retailers in the US and across multiple international markets."

8JUN Roam-e Ann - We're very confident it will be a big seller, and it has the potential to be "The" product for Christmas this year and beyond................... Indicative initial opening orders from IOT's US distribution partner are 150,000 to 200,000 this year and are based on initial product discussions with major retailers, which are attracted to ROAM-e's combination of an attractive price point, unique technology, and world first product type.

20JUL Roam-e Ann - The visited retailer reaction to the ROAM-e has been above expectations. Simon met with four of the top US consumer Tech retailers and the reaction has been outstanding and all four will range and fully support the ROAM-e product.

Jun QTRLY - The Company presented ROAM-e to a sample market of four major US retailers with very positive feedback. The Company expects significant orders from US retailers and will believe that first sales of the Roam-e will be booked in the Dec Qtr.

Not downramping - just offering an adverse opinion being that we have heard variations of this statement before.

P.S. Who knows, hopefully they will do better with this new single product.

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Completely agree with sentiments towards the announcement and not achieving milestone in terms of product timeline. However, the way things going and legal action out of the way we have now reason to believe that eROAM might be out in the market sooner or later. Hence, i said only if everything goes according to play and eROAM along with Mozzie come down on sale through major distributors IOT could be good high risk/reward play for ST/MT.

Again, as other this is still speculative stock and so please DYOR and never take anyone else opinion granted for buy/sell.

cheers
J

IOT Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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