IOT 0.00% 0.1¢ iot group limited

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  1. 844 Posts.
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    That photo is a teaser,- designed to restore confidence in the big picture.

    It is a bench in the factory, not part of an electronics assembly facility. One employee, plastic stool, no parts bins, no jigs, no tools, no reference materials, no protection for finished product, no static mats...... These have been put together to look complete and then a photo taken. Think about it, does it really impress?

    If these are being final assembled in Sydney then realistically they will not be completed mid November at the absolute earliest. Probably closer to late November early December. Then they are flown around the world to distributor who will call on buyers. Those buyers will not order for December sales and if they do it will be limited quantities. Forget Christmas sales,- this is for next year release.

    Sales promotions for this year are already booked.

    They could not produce product even if they did get orders so its all pie in the sky.

    Not down ramping, I don't have an interest in investing in this. I just want to offer another perspective that may help someone considering putting the house on it.
 
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