AGM. What a ripper!!, page-10

Thanks for the great summary.
My only concern with VMT is that they are not gaining enough traction in the China retail market. We are seeing some growth, but the market is growing much quicker. While its great to see they are getting more and more higher margin overseas orders, these are lumpy and don't provide much certainty of earnings so far. The China retail market is huge, and while the market is young it is important to gain market share and get the name out there. Growth in the retail market would validate the technology, marketing and pricing and provide a steady stream of income to fund further marketing, R&D or acquisitions.