Ann: Entitlement Offer to Raise up to $10.8 Milion, page-62

"There will need to be a catalyst to really get that demand up in a short period of time, what do you think that might be?"

Unfortunately there will be no quick fix. B2B sales volumes will only return when the world economy picks up. Current planning is looking ahead 1 to 2 years, to grow B2C sales globally. This requires local partners in most markets, which has been the rationale behind the many partnership deals announced in the last year or so. Meanwhile they now have direct control of most of the European distribution (a notable exception being Spain, where the distributor has been a star performer).

All fingers crossed for an improving world economy next year. We also have the tailwind of government incentives. Governments of many Asian countries are at least as much motivated to encourage the take up of EVs, for reasons of air quality and noise pollution, as for the stated official reason of CO2 emissions. No one has more to gain from the switch to EV's than the residents of large Asian cities.

"But was do you think is going to really get VMT ahead of the game and enable it to gain some meaningful market share?"

VMT is already ahead of the game, and already has the largest market share (of 2 wheel EV sales) in many markets. It can only grow sales by having the best machines at the correct price point (no point in vanity models that are too expensive for the market to bear). Ongoing effort to expand into new markets is also key.

All IMO.