Reading between the lines, the impression I get is that the strategic shift away from China has been in the works for close to 12 months: for example, in the February update they mentioned that the company was increasingly directing more time and money to international customers.
I recall I sent an email to Charles about that time enquiring about this. In particular, what I asked about was if they were looking to shift their focus away from China and more on countries like India and Pakistan.
He got back to me with the below response (I suspect he wouldn't mind if I reproduced it here):
The answer is Yes. At this stage,Vmoto can only focus on the most important products and market like Europe and other fast growing market due to existed customers there,this is the easiest and lowest investment,while with the growth of Vmoto,we will be looking at those countries as well in future
I don't know if India and Pakistan are still on the radar: possibly Phillip Campbell is specifically targeting developed countries. It would be interesting to find out if they were still planning on focusing on countries such as Pakistan/India in future.
This is not the most popular view here, but I don't think that poor management is the primary reason for the under-performance of the share price over the past few years. I suspect there have been a couple of macro trends that have been working against the company over that time frame. I feel optimisitc that there trends will shift in a more favourable direction in the near future.
VMT Price at posting:
5.9¢ Sentiment: None Disclosure: Held
(20min delay)