We haven't seen any figures past end of financial; so impossible to guess whether they have started production or not, we have to wait till next quarter for that. Assuming they dont get out for christmas, you are right - 6-8months; however right in the middle of that is christmas = revenues. They took that CR for production, you throw enough money at something (esp IT) and it gets solved; especially at this lower end of the tech industry. They are not creating quantum chips or AI tech, what they are doing is coupling together various existing techs. If they cant do this with a cash pile of $12mil then they should not be in business. Production wise they are already producing other gadgets; sure they are different but they have already gone through the painful learning curve.
The main doubt everyone has in their mind has been caused by sentiment. Instos who bought in at 7c wont care about sentiment, the forecasted cash revenues and profits will have made them invest. Nothing has changed since then. Its cut and dry when you take emotions out.
Does anyone know how many live law suits and patent issues Google, Apple, Samsung, etc all have active. Several of these guys just buy out entire legal companies to have on staff full time. If you have something worth anything, expect someone else to come after you. It's as simple as that!
The facial recog issues they are having would have no bearing on production, the software will be updated as needed, as long as the thing flys and has a quality camera; software wont hold back production. We've seen it fly in some vids, this is just retail capitulation and fear mongering that has dropped the price this low.
IOT Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
