Ann: Preliminary Final Report & Annual Financial , page-5

re: Ann: Preliminary Final Report & Annual Fi... Fair enough Early, each to their own.

It's important to analyse the financials very closely, but sometimes it's worth looking at things from a very simplistic point of view.

They produced 4,300 bikes this year and lost $2.5mil (excluding goodwill impairment). With the Power Eagle deal, just one deal, they are scheduled to produce 6,000 bikes before Christmas and about 24,000 in total for the financial year.

Considering they state break even is 8,300 bikes, assuming that doesn't take into account the lower margin which might be applicable to the Power Eagle deal, you would expect that 24,000 PE scooters + any Vmoto scooters sold (assume 5000 to be conservative based on this years sales) to generate a reasonable profit come this time next year....and that's before they secure any of the big orders that are in the pipeline or any other OEM manufacturing (German company).

Happy to hold and watch the market rediscover VMT.