For all new investors to IOT, just want to recap on a few facts that I posted a few days ago.
SP today closed at 11c.
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The current 75M market cap is partly based on the hope/assumption that Top Tech is successful in reaching some sort of agreement with retailers to stock the selfie stick. No doubt the agreement will be very specific about the margins that IOT/distributor/retailer will receive, as well as forecasted drone sales.
To date, we have no confirmations that such agreement as been reached and no confirmations that the product will be stocked on the shelves of major US retailers, yet IOT is preparing to ramp up production. These are the facts as they currently stand.
My guess is, IOT management is preparing for a ramp up of production because they are optimistic (but not certain) of Top Tech securing a deal.
Whether this justifies a 15c SP is up to you to decide based on your risk appetite.
As always DYOR.
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Facts
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