They have no revenue
Only a few employees and they are part-time. The principles apparently have interest in other ventures that are not public companies. It might be they devote most of their time and whatever expertise they may have to those non-public companies where they don’t have to disclose or share.
The company has another 800,000,000
authorized shares that they can issue. That would pay the salaries and expenses of the CEO, COO and CTO but continue to dilute the present shareholders.
Frankly, ITOX is overvalued at $0.018. The
only asset at present is unsubstantiated hype.