IIOT-OXYS Inc (ITOX)

[maxinkuckee]

ITOX shareholders and other prospective investors in the company may want to consider the following in doing their due diligence.

1. The 10-k for fiscal year 2019 which ITOX filed on June 23, 2020, states (p. 33) that the company “...did not maintain effective internal control over financial reporting as of December 31, 2019.”

The 10-k goes on to state that
“...due to lack of resources, we were unable to execute the complete remediation plan” that was proposed to address the material weaknesses initially disclosed in the 2018 10-k.

2. Page 35 of the 10-k states that
“Mr. Emmons is also the founder of AHI, LLC, a consultancy firm.”

3. Pages 43-44 of the 10-k detail a number of financial transactions between ITOX and “Cambridge MedSpace LLC, an entity of which Mr. Emmons is an owner.

4. AHI and Cambridge MedSpace are not public companies and are not required to disclose their financial dealings. But it would be interesting and instructive to know how much time Mr. Emmons devotes to those companies and how much revenue he generates for them. We know ITOX received only $15,000 in the 1Q of 2020 from the efforts of Mr. Emmons and his associates. Maybe AHI and Cambridge did better.