tsle, I'll do my best to answer your queries with what I know.
For the SR, they all got their shares at an average of 7c each
Maybe what you say about the sophs selling previous owned shares is correct. I don't know.
The working prototype is in Sydney. F
irst run of product produced off the production line is likely to be already done, or ready to be done. It will be QA checked and certified from that first run which will be low volume.
They need more R&D money for development of more products.
The cap raising was necessary to pay for stock from AEE, further R&D, marketing of current product including OTT and demerger.
They have a working product, just because we haven't seen it, it doesn't meant it doesn't exist.
I'm going to order mine tonight and when it arrives in September I'll post the footage to FB.
cheers
IOT Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
