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Riddle Me This, page-185

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liyangh

4 Posts.

06/05/16

16:55

Post #: 17698477
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Originally posted by melvilleredfish ↑

I have a question,
Im pretty inexperienced here but am a holder in the medium to long term and not trying to start another brawl or down ramp, but.................

can someone tell me how IOT will finance the production of the RoamE ?

From what I can tell we are about to start production runs of 10,000 per week, increasing to 50,000
we don't have the cash on hand to fund this.

What would production costs be per unit?

I doubt that pre orders from the online sales will be that huge but I am only guessing.

So ho do we fund production?

CR?
Credit Facility?
Share offer to AEE similar to what we did with Top Tech?
Do we get deposits from orders placed by major retailers such as Walmart.... if that actually eventuates.

I'm sure some of you guys will be able to put forward some alternatives and figures on this

Please feel free to enlighten me.

Mel

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Not too sure on exact numbers but they're sitting on 5 mil cash

IOT Price at posting: 9.7¢ Sentiment: Hold Disclosure: Held
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