Im trading the technicals on this, however happen to also know...

Im trading the technicals on this, however happen to also know about the company. All the commotion about them not having a product is all generated by assumption on this forum. They prob have good reason not to give blueprints to IOT shareholders - they prob dont want their competition to get a chance to developer a similar product by xmas. Their CR was for production, how can they do a CR for production if they didnt have a product? It's not kickstarter, these guys face jail time for misleading the public, you really think they would bother - the directors are already loaded.

This is a business copping a belting for a product that they are trying to keep under wraps in terms of technical details.

Any techies will know when dealing with hardware, as long as the hardware does what it is meant to do, the control and image recog is all software driven which can be upgraded / modified.

The market isn't letting it drop to the 2.7c support, telling me that its oversold past the previous support of 3.7c. If a fib retrace intraday will see this at 3.5c. This churning at 3c was done this morning at 2.9c, it is now happening at 3c. Next will be some churn at 3.1 then bounce. People are just sitting there waiting for panic sellers to feed them. Once feeding is done, price will move up.

It's already getting bullish, 500k smoked at 3c, now buyers back at 3c. This bottom is here and from the bottom we will see a bounce. Its daytrading 101