A share consolidation, or split, has no effect whatsoever on a shareholder's share of ownership in a company. A 10 to 1 consolidation doesn't make you loose 90% of anything. Consolidation or split is different from dilution due to issuing of new shares (be it due to capital raising or issuing of rights and other 'incentives'). It is not correct to say that early investors have lost 90%, based on a 10 to 1 consolidation. It sounds dramatic but it is total BS. One may or may not be for issuing shares as a way of remunerating management, directors etc. (Rights, options and the likes) but business performance and achievements are not measured solely based on share price. VMT is and remains a motor vehicle manufacturer/ distributor. As such it is subject to the industry's capital requirements, economics and cycles. Plus the general market's fluctuations. It is not unusual for a vehicles manufacturer's stock, to be trading below BV, to be very volatile during economic uncertainty and or recession, particularly if these happen in conjunction with the vehicle's industry down cycle. VMT if far from being an established brand/business so it makes sense that the market discounts it even more harshly. It may have an excellent long term potential, but the risk exists. It is a matter of having a realistic expectation. Some posters continue ramping with ridiculous comments about multi billion dollars BS, even comparing it to Tesla. It may be that by repeating such nonsense ad nauseam, they will then start believing it. And then get infuriated with management because the stock fails to be making them millionaires, quickly. They start believing that the stock should be "'3+ soon' and then get angry to management because it hasn't. Selling EV doesn't make the company a TECH stock, using the EV market growth as a benchmark is not very much correct. The utility of the vehicle to the market, doesn't increase because of the engine type. EV growth seems to be going gangbusters but from a relatively small number. Electric powered vehicles are not a separated industry from ICE, the total vehicle industy will still grow at the same rate, not at the EV rate. One replaces the other, it doesn't necessarily create new and more demand. It's either ice or battery or whatever. VMT is still competing with all the other motorbike manufacturers, not just the, for now, handful of battery powered ones. Leaving Tesla's past share price action alone, when judging VMT as an investment, may prove to be a wiser choice, certainly less frustrating. I think that analysing and studying the underlying industry, VMT's progresses, as a business, the challenges it will face and the steps taken by the management to try and overcome them, plus many other aspects peculiar to this business and industry, will prove much more beneficial than spending day after day, mentally masturbating over the share price and damning Charles because you are not a millionaire. Nothing in this post is nor it is intended to be, advice of any kind. Just my personal thoughts.
VMT Price at posting:
24.5¢ Sentiment: None Disclosure: Held
(20min delay)