IOT 0.00% 0.1¢ iot group limited

My personal opinion is this will be dragged on until all funds...

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    My personal opinion is this will be dragged on until all funds are gone before shuttering. They have a few uni students attempting to develop tech that teams of experienced staff have been struggling with elsewhere. Add a PR team that keeps adding random dream tech to the promise list whenever they step in front of a microphone and your setting yourself an impossible task.

    My guess is well see a some China tech wrapped in a Roam-e shell with buggy software that is flat out missing features launched mid next year. I expect commercial orders to be sub 10,000 probably just a single local retailer hoping to get some sales based on hype. Expect such a deal to be heavily favouring the retail outlet to the point of it being a zero risk preposition. It wont sell but will be followed up by talk of interest from O/S and a "pro" model around the corner that fixes all the issues and missing features.

    The pro will never materialize and money will dry up. Directors will walk away having earn't seven figures and share holders will be left with nothing.

    SP wise who knows the ASX have let them get away with absolute murder up to this point so up until the first round of abysmal sales figures come out they might be able to keep it afloat.

    All 100% my educated guess work based on what i've seen to date.
    Last edited by Jimjamzzz: 08/09/16
 
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