Those shares that will be issued will be used as payment for services. Hasn't been a problem in the past and given the timeframe one could assume more big news is just around the corner.
Well done reading the entire announcement foxtrot. DYOR.
IOT Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.