Ann: Notice of General Meeting/Proxy Form, page-24

Certainly a great step forward in turning Vmoto into a mature company.

Just need to remove the sharp edges from the shareholder communications. A preamble letter to shareholders from Phill would have been a better introduction. Not mentioning the upcoming GM at the conference call was also an unnecessary oversight.

I note that this was instigated by the non executive directors and may well have been the last item on Phill's list of important things to do in his mission setting up the company to execute the growth strategy.

Charles and Ivan's base pay is not very flash so bonus payments are not unwarranted and share based ones are a win win.


On another note I ordered a Ducati CUX today.

Interestingly the Distributor has them in stock and the local dealer can deliver in 10 days.

Maybe my grand kids should be included in the Incentive Plan as they will be promoting VMT by riding the Ducati around Noosa during the summer holidays.

The local dealer told me he has been predicting that electric bikes will be the thing of the future for some time but it is now starting to happen. He sells about 300 bikes a year and at the moment only about 15 electric but he says he expects that over the next 5 years the percentages will be reversed.