IOT 0.00% 0.1¢ iot group limited

From their last quarterlies (Cash Outflows): research and...

  1. 489 Posts.
    From their last quarterlies (Cash Outflows):

    research and development......................................$521,000.00
    product manufacturing and operating costs...........$190,000.00
    advertising and marketing......................................$484,000.00
    staff costs................................................................$704,000.00
    administration and corporate costs........................$649,000.00
    Other (provide details if material)................$438,000.00

    That's a lot of expenses for a company with no product of their own and no sales.
    And what is this "Other" section for??? I would love to find out!!!
    Is this even allowed for a public company to simply write "Other"?

    Simply incredible ability to spend millions of $ in such a short period of time
    Last edited by al-pbs: 23/02/17
 
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