IOT GROUP LIMITED (ASX:IOT) - Bryan Corlett, 19831394, page-21 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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samkeil

422 Posts.

28

13/10/16

13:21

Post #: 19831394
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Originally posted by Warnie ↑

If IOT think the business is so great with huge potential, then buy it now for say $5m.
Give Corlett 66m shares in IOT at $5m/7.5c and be done with it.

I personally think $5m or $10m valuation is ludicrous, but that aside, the best way to tie his company up 100% is to buy it 100%, rather than dilly dally with convertible notes and 10% here and there.

Then Escrow his IOT shares for 2 years.

Then use a portion of the $10m cash (or whatever is left in the IOT kitty) and get the hoverboard to market, and keep 100% of the profit.

IMO.[/

IOT is on a shoe string budget. They are just reducing risk, increasing opp. 5 mil is way too much cash up front IMO for seed funding?

@funbelievable We have to guess don't we? Isn't that what analysts/investors do?

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Last edited by samkeil: 13/10/16

IOT Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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