Phone Call to Ian Duffell, page-29

It all sounds good. Ofcourse. Because no director would tarnish their own company's name.

Calling the director never really alleviates much, it just gives that 'warm fuzzy' feeling in the belly of those who are a bit worried about their holding.

The really question is, is this worth $20M (4c) or $200M (40c)?

Hypothetical - if they make a margin of $50 per unit, and sell 10,000 a year (or ~30 a day), there's $500,000k in cashflow per annum, your 4c scenario. But if they sell 1,000,000 a year to a global market then that's $50M cashflow and we're really talking.

There's no doubt over the product, they will eventually deliver, its just a question over how many they will sell. And that is entirely in the consumer's hands. Apple delivers a prototype/beta for review about 2 weeks out from release, but have their products ready to go about 3 months out. IOT are cutting it fine here; they have plenty to learn.