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paola

535 Posts.

06/07/16

15:29

Post #: 18207062
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Originally posted by rajeagle ↑

Hi Nihilism, you can't compare it to any product out there because it fills a specific niche. In all their prelaunch marketing activities IOT have made it clear that Roam-e isn't a drone and isn't looking to compete in that space. From the Lily Drone and up to the DJI Phantom etc you're talking USD900 and up. The niche that Roam-e is playing in is a step above the selfie stick - obviously with drone capabilities - with a price point a third of the average drone. The closest thing to the Roam-e that is out there is the Flying Nixie, announced in 2014, presented at the CES expo in 2015 and never heard from again. At least with the Roam-e we have a commercial product, backed by an experience executive team that have solid plans to disrupt the market. Every spare cent of mine is going into buying this stock. I met the team at the AGM and they are quietly confident about meeting the sales forecasts by Christmas. All the buzz in the marketplace out there indicates that they're not wrong.

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oh yes, with $12Million in the kitty,the production arrangements are a GO .!

IOT Price at posting: 8.3¢ Sentiment: Hold Disclosure: Held
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