VMT 3.33% 15.5¢ vmoto limited

Hi all,Just wanted to say this recall is definitely an issue.17k...

  1. 418 Posts.
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    Hi all,

    Just wanted to say this recall is definitely an issue.

    17k units is nearly half our annual sales. BIG project, lot of wasted time, sales energy and even potential brand damage, will impact future sales in some way . And another c.$1m leaks out of the company. Not saying it is a reason to sell the stock... But take very careful note of the challenges we are facing and be careful of confirmation bias @afd @VYR , blocking out these risks and focusing only on upside.

    The business has real risks, balance sheet health decreasing, order book down, product issues... On the other hand, very exciting long-term prospects. But one must not ignore the risks and why new investors might not enter. In particular, declining order book and worsening balance sheet health is a sign of deteoriating fundamentals.

    I have many shares now, so it's a wait and see how Charles' prior investments pan out (Charged, New Factories, Distributors) and if we can turn around sales growth. Or maybe following in more Director buying, if we see it. If fundamentals improve, we can average up... As many of us know, there is a lot of potential for a very large and profitable business.



 
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