Iota Communications Inc. (fka IOTC)

[tech101]

So what happens with shares now that it is a private company after the delisting? Are they planning to apply to be listed again? Anyone knows anything? Thanks.

[Renee]

IOTC SEC registration revoked:

https://www.sec.gov/litigation/admin/2022/34-94785.pdf

[bgpipper]

What is going on with this giant disappointment? Anyone have an update ..

[Renee]

IOTC SEC Admin. Proceeding for severely delinquent Financials: (no SEC Suspension)

https://www.sec.gov/litigation/admin/2022/34-94077.pdf

[samsamsamiam]

https://www.sec.gov/litigation/admin/2022/34-94077.pdf

[willlbone]

STOP, drop and sell.

[bgpipper]

https://apple.news/Ap4YBpklcRVyYuXEs2v4l1g

[douglass]

what is happening with Iota as I tried to buy stock today but Fidelity said this:

(TC9052) Opening transactions for this security are not currently permitted due to limited company information and/or the risk associated with the security.

Help anyone

[harthay]

This sure seems positive for $IOTC

https://www.netassets.org/blogs/net-assets/2021/02/21/not-just-mitigating-covid-but-monitoring-wellness?utm_content=155213206&utm_medium=social&utm_source=linkedin&hss_channel=lcp-18658655

[COMPANiON]

Should see a price increase soon.

[Lopedeez]

Ready for a reboot, so much going on in LWAN, time to revisit IOTC

[COMPANiON]

http://filings.irdirect.net/data/1095130/000165495420010362/iotc_8k.pdf
Looking for .3+ let’s go Iotc

[COMPANiON]

Coin play...slap the ask

[LateToTheParty]

What is happening with IOTC?

Are they making any kind of real progress adding customers?

Is anyone else concerned about the changing landscape of commercial real estate and how it will affect IOTC?

Is anyone concerned with Carol Downes accusations of Board improprieties?
http://irdirect.net/filings/viewer/index/1095130/000165495420007324/1


Is there really any hope for this company at 11¢ a share?

[harlem111]

Thank you gltu

[madkapperaz]

1100+ license have converted to Iota Spectrum Partners. That means ~$80M debt will come off the books soon

[madkapperaz]

Form 3 & 4’s finally filed outlining beneficial ownership.

These summarize the holdings that occurred at the merger and shortly thereafter.

Amazing the float is still just 10%.

[harlem111]

Board seems silent - anyone holding this stock?

[madkapperaz]

80 SMR licenses are under the name IOTA Spectrum Partners. All were done in the last 60 days of 2019.

[Murray]

Yes, sir. I have chatted with a few people who work for IoT companies and confirmed their products are all on the 900mhz band. There are issues with security and information packets falling off the band during peak hours. If a light can be brought to their 800mhz band and the exclusivity of it there is substantial value in $IOTC. Even possibly from a buyout possibility.

[madkapperaz]

From my understanding, the technology they acquired was his original work/patented technology, so it makes sense he would come with the acquisition.

It is the software layer within the radio transmissions that organizes data flow routing between antennas to the hub radio, availability, uptime, performance, etc.... and can scale to support billions of devices.

[madkapperaz]

Yes. Need to get past the cash crunch to avoid the printing press... and need financing to carry them through the development phase to ramping up revenues.

[Murray]

I think most importantly with this acquisition of Link Labs (which had phase 2 restructured recently) is the addition of Brian Ray. His background is outstanding.

https://www.link-labs.com/team/mod-brian-ray

[Murray]

Agreed - that's what it appears to read. Overall liabilities did drop from the last Q by I think nearly $15M (I am pulling from memory here)

[madkapperaz]

and it looks like the $80M debt reduction is waiting on FCC approval for license transfers... maybe next Q.

[madkapperaz]

Guesses on filing:

1) ~80M in debt wiped off due to spectrum licensees receiving licenses and corporation removed from debt obligation. I presume it will shift in some degree from an liability to an asset, albeit at a reduced amount due to it being via lease.

2) drop in revs related to network services as legacy incumbents were dropped in anticipation of a new SMR-based network.

Hopefully, we get some guidance on:

1) when the network is anticipated to be "built-out" and operational, as well as their plans to open it up to third-parties along with pipeline and potential market for our specific niche.

2) what kind of pipeline they are seeing in the commercial energy space related to the network utilization for office and industrial applications.

3) what progress is being made on their cloud and analytics platform

4) what pipeline they have for solar that will help bottom line.

5) funding needs they have, targeted sources and timeline.

6) better idea on what obstacles/timeline remain for uplisting and what their path will be.

[madkapperaz]

10-Q: for Quarterly Period Ended 11/30/19 due Tuesday, 1/14/20.

Will we see a timely filing or a NT 10-Q?

Our last filing was, finally, on time. But we also have a new CFO and cash is tight with the patent acquisition.

[bgpipper]

https://www.iotacommunications.com/iota-communications-inc-to-present-at-the-ld-micro-main-event-xii/

[LateToTheParty]

"Link Labs has patented technology to form large-scale wireless Internet of Things networks that can communicate data with thousands of devices at reduced costs, with quicker deployment, longer battery life and more reliability than competing solutions including cellular, Wi-Fi, and Zigbee. Iota’s enterprise solutions heavily rely upon asset digitization and this technology acquisition will enable billions of Internet of Things devices to connect to the cloud, leveraging Iota’s spectrum licenses."

[LateToTheParty]

It looks like it! here is the article:

https://www.iotforall.com/press-iota-linklabs-patent-technology-acquisition/

[madkapperaz]

http://cdn2.hubspot.net/hubfs/427771/LPWAN-Brochure-Interactive.pdf

[madkapperaz]

Pretty sure this is what we acquired in today's announcement

https://www.link-labs.com/symphony

[madkapperaz]

Updates to Previously Announced $100 Million Debt Restructuring Activities

https://finance.yahoo.com/news/iota-communications-provides-updates-balance-130000979.html

[LateToTheParty]

Interesting mention - "IOTA #53 on Deloitte’s annual ranking of the fastest growing public and private technology companies in North America. "

"The companies on the 2019 Technology Fast 500 list are based on percentage fiscal year revenue growth from 2015-2018."

https://www.bizjournals.com/phoenix/news/2019/11/08/seven-arizona-companies-ranked-among-fastest.html

[dadoc1]

Acceleration of 800mhz rebanding:

Click here

[madkapperaz]

Iota Partners and former M2M LLC members do, because it was circulated as a Private Placement.

The general public won’t know until the PPM closes and it is filed.

[Wild Alpha]

Do we know the price per share of this sale?

[madkapperaz]

Well, look at that... Sch D is out for a 506(b) rule capital raise (e.g. private placement), for $15M.

That means they are not raising convertible debt, which is a relief.

[madkapperaz]

That's by design:

You could run 4G LTE off the spectrum if you wanted to. That's what Sprint was doing before they were forced to vacate. 4G would run just fine off the 700 and 800 mhz blocks.

But that is not where we want to be.

The company is building an IoT network based on LoRa/LoRaWAN (Long Range) which is a low-power wide-area network (LPWAN) technology.

The technology allows for data transmitted by an end-node device to be received by multiple gateways, which forward the data packets to a centralized network server. This means there is high-availability built into the communications.

This is perfect for IoT since it requires low power.

It also has built-in security, unlike other technologies.

While LoRa/LoRaWAN can operate on unlicensed spectrum, we are putting it on licensed spectrum, meaning there will be no interference and you can put an SLA behind it.


There's a ton of information at this link:

https://medium.com/coinmonks/lpwan-lora-lorawan-and-the-internet-of-things-aed7d5975d5d

[dadoc1]

Spectrum footprint is just two way low bitrate paging. Can't be used for lots of applications.

[madkapperaz]

who knows... it's in drips and drops and will continue as market makers find a market for an extremely thinly traded stock with a low float.

A whopping $5K traded hands today.

I'm personally not concerned since the company is building something that will be worth much more than the $75M market cap it has today and I don't need my investment back anytime soon.

The likelihood of them "surviving and thriving" continues to get better each day.

$100M debt projected to come off the books this quarter, reflected in financials filed in January (based on statements they would complete the LLC to LP conversion in November).

Spectrum footprint growing daily with an early 2020 completion (though they can go-live in each market and don't have to wait for the whole thing to get built).

The goal is to prove the network with their solution and then open up to third-parties to leverage the spectrum.

Short-term cash-flow issues, but profitability is not far away.

Equity will be issued to raise the funds, however, in either the recent PR or filing they are looking at traditional debt as well which would be awesome.

I've previously stated my thoughts that we would be looking at 20% in dilution to achieve the funding they are looking for.

[Wild Alpha]

If it does, I am back in. I am betting longer term on this stock. Feast or famine.

[LateToTheParty]

Wow let's hope not. Let's hope it's finally found the bottom and comes up soon.

[dadoc1]

How much lower we go? 0.20?

[madkapperaz]

Assuming you are good with current BID/ASK prices.

you have to buy at the ASK, not the BID.

When you sell, you have to sell at the BID, not the ASK.

[Wild Alpha]

Price movements are funny. I put in a SMALL-ish order at 31 cents. No doughnut. No one selling.

[madkapperaz]

The January financials should show some significant changes. Reduction in ~100M of debt, increased assets, and maybe a little growth on revenues depending how quickly they can complete construction in certain markets.

[madkapperaz]

So the January financials should show some significant changes. Reduction in ~100M of debt, increased assets, and maybe a little growth on revenues depending how quickly they can complete construction in certain markets.

[Golden Cross]

Nice Rev's...Looking good here... $IOTC