That clarifies it somewhat for an accounting novice. Much appreciated.
The sheer scale of that "other income" is the concern for me and lacks transparency. Usually, it is minute in comparison to overall EBIT, in this case however it is not.
I came across VMT during my usual 'stocktake' of ASX listed companies. I think electric bikes should have more utility than electric cars on the global scale for many reasons I won't delve into now.
I wouldn't want myself or my family around them, millions of potential mini-Chernobyl's on the road driven by the rabble is frightening. Can you imagine the fallout from crashes and servicing neglect of such a vehicle?
Japanese people are arguably one of the smartest and diligent populations on the face of the planet. However, they still failed to learn from Chernobyl when designing their Fukashima power plant. Humans are flawed, complexity or curiosity will kill us, just as it did the cat.
VMT Price at posting:
14.5¢ Sentiment: Hold Disclosure: Not Held
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