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Great notes there, I'm really excited about the Rova, I think it...

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Wickrwickr

146 Posts.

08/12/16

06:13

Post #: 21184757
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Originally posted by brassmad ↑

G'day fun, just to clarify, comments come from question and answer session after the AGM, but I expect everyone would be aware of that.
At a guess, the question and answer session went for approx an hour. Management accepted all questions from the floor and responded to each one in detail. I recall no "fob-offs" and they made themselves available for discussion after the meeting. I personally spoke with Ian Duffell, Scott Brown and Alex Shapilsky after the meeting.
I'd say about half the session was devoted to Roam-e and basically the other half for AEE product.
I don't recall any discussion about AEE setting volumes but there certainly was a statement of targets that had been set by IOT.
I'll post the numbers, as taken down in notes:

ROAM-e to sell for about us$500 and Rova for us$400. Roam-e costs have increased as product has been developed further so price has had to go up, profit level still the same as before.

Expected sales still 440,000+ for ROAM-e, however ROVA expected to be bigger at 500,000+ units.

cheers

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Great notes there, I'm really excited about the Rova, I think it has huge potential! I can see the Rova being a perfect middle class present for children of all ages!!
IOT Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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