Lorenzo to launch JL99x at Eicma, page-24

Hi ACIM

I'll accept that as a serious question.

For those not good at maths and ratios.

Tesla is earning $US3 a share and has a share price of $US1,003 so Its share price is 334 times its earnings. To simplify discussion about these things the number you get when you divide the Share Price by the earnings/share is the PER i.e. Price Earnings Ratio.

Based on the HY to June 2021 when VMT earned 1.43 cents per share its annual earning rate is 2.86 cents. Multiplying that earnings by Tesla's PER of 334 you get a share price of $9.55 which makes buying VMT at 45 cents a much safer bet.

The extra column I added to my spread sheet shows what needs to happen for VMT to get to earnings per share of 5 cents. If you multiply that by 334 you get a share price of $16.70.

Given the growth path and VMT's Business Plan that 5c a share earnings is peanuts.

The Dealership network is approaching 2000 and growing.

The one only B2C brand of Super Soco is history the B2C range now is

Vmoto Premium. Super Soco. Stealth

The B2B brand has also grown

Emax VS1,2&3 plus Vmoto Fleet ???

The proverbial penny is about to drop.