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We’re not dissing ITOX because they are not profitable. Our concern is ITOX has not produced any revenue
There is a big difference between NDA and LOI. The PR that Cliff has issued so far refer only to NDA - not to any letter of intent by any customer to actually engage ITOX.
Exactly what tech has Cliff proved?
Where is the revenue? Where are the customers?
There is no real business. Just a lot of hype by some posters and some PR by Cliff. Nothing has materialized ever since Cliff took over 4 years ago.
One contract for 3 bridges that had to be extended because results were not yet conclusive
A lot of people seem to be bailing out.
With good reason.
Maybe. ITOX has to find an auditor that will sign off and certify the financials.
Beware!
ITOX has already advised the SEC that they could not file the annual report on time because they’ve had not been able to complete a review of the financials with an auditor.
This is similar to past delays in filing and is certainly troubling given they have virtually no revenue. Financial report should be very simple given the size of the company.
Beware !
Why do you give him an “A?”
He is a part-time CEO and has produced no significant revenue in the 4 years he has been associated with ITOX
ITOX is a prime example of “no product, no service.” Just a lot of PR and posts on this board that have not produced any meaningful revenue in 2+ years.
That’s exactly the point. ITOX issued a PR in 2019 about a big contract but no sales or revenue from that contract have ever been reported. It’s appears to be a false claim - just smoke !
You claim that ITOX is “building a solid foundation of contracts.
Where are they? Where is the revenue?
There are hundreds of companies seeking a foothold in the IIoT market. ITOX is certainly not a first mover. If anything, they are a laggard with nothing to show.
The state DOT simply extended the original contract. Perhaps because the work had not been successfully completed or the results were still inconclusive.
Not necessarily a harbinger for other contracts.
I guess we’ll see when they report 1Q.
Trillions of dollars may be in play but ITOX has virtually none of them.
That’s not so. OTC companies may not yet generate profits but virtually all of them except ITOX produce at least some sales revenue.
Why then has ITOX not produced any revenue?
How many employees does the company have other than its officers?
As I recall, the last filing indicated that there were 5 employees - all part-time - and 3 of them were officers and/or directors.
Yes, that contract ITOX signed with a state DOT a couple years ago to monitor the structural condition of multiple bridges (3 bridges) might someday produce some actual revenue.
With 200,000,000 shares outstanding, it will be interesting to see what effect it may have on the pps.
Do you really think the only bridges that are being inspected/monitored in the 50 states are the 3 that ITOX has boasted of for 2 years now without any follow up orders?
You apparently need to brush up on civics and government.
State DOT are not subsidiaries of USDOT.
And the USDOT is not the signing authority for any contract ITOX may have with an individual state DOT.
ITOX does NOT have a contract with the U.S. DOT.
They have a contract with a state transportation agency they entered into years ago to inspect/monitor 3 bridges. That contact was recently extended but had yet to produce any significant revenues
There have been no facts, no events to warrant a breakout.
The action is basically a few people buying the hype.
Regrettably, a few are captivated because they can buy 100,000 shares for about $1,500 and think they’ll make a fortune.
I hope they do but the chances are slim. They best limit their bet to money they can afford to lose.
There is a huge revenue stream in the industry but ITOX hasn’t scored in more than two years. Doubt they will even get a trophy for participating - because they haven’t even shown up.
Machine learning and automation has been going on for some time now. Billions of dollars in this industrial revolution but ITOX has yet to produce.
ITOX share of this = 0.00%.
No indication yet it ever will despite all the NDA.
ITOX has yet to announce any follow through or revenue from any of the NDA PR they have issued. Smoke?
C’mon, you continue to mistake facts.
Cliff Emmons did not start up or found ITOX. He was appointed CEO in June 2018 by an entity that had been in existence for quite some time.
Medtronic and other large firms have many VP.
The U.S. Department of Transportation has NOT entered into any contracts with ITOX
Your post is misleading. ITOX is NOT a partner with the U.S. DOT.
The ITOX contract which was entered into a couple years ago and recently extended with a state in New England is to inspect 3 bridges. It has not yet produced any significant revenue because ITOX itself has not reported any meaningful revenue for several quarters.
I think you are right. I also think that Cliff devotes most of his time to non-public ventures where he doesn’t have to share or disclose revenues.
Where is the revenue? I have yet to see anything other than a few PR hyping NDA which to date have had no follow through.
There have been no posts on this board since January 17.
Where is XFundManager ?
You need a computer that understand the difference between souls and soles.
Your sentence construction is really awkward. Sometimes it just doesn’t make much sense
We’ll see. There’s a long trail.
Why do you term this a “Paid PR”
Aren’t you the same guy who posted in November that VLD would be at $20 by year end 2021?
Judging by the volume and tone of your posts, you must be concerned about the possibility of positive developments for SGLB. You are working so hard to demean.