VMT - Vmoto Limited

[peter2]

huge mistake one was focusing on China

That's what I thought at the time. Selling elec scooters to China, where's there's stacks of competition? Bone headed idea.

Then they thought about Europe years too late. Remember that branding deal with BMW?

All the while, the business never got out of first gear let alone make a profit. The biggest problem the ASX has is that lazy CEOs can raise capital to pay themselves far too easily.

 

[divs4ever]

That's what I thought at the time. Selling elec scooters to China, where's there's stacks of competition? Bone headed idea.

Then they thought about Europe years too late. Remember that branding deal with BMW?

All the while, the business never got out of first gear let alone make a profit. The biggest problem the ASX has is that lazy CEOs can raise capital to pay themselves far too easily.

i bought in fairly early thinking they would assemble in China and/or Thailand and sell to South-East Asia ( and i thought incorrectly .. at least according to the company directors ) another opportunity they seem to have missed was light commercial ( electric ) trikes

oh well took the punt and it went badly at least i didn't keep tipping cash into it