Ann: Update on Vmoto's Netherlands B2B Customer, page-153

Hi Brown,

I guess only punters rely on newspaper reports saying all creditors will be paid soon. In the real world of corporate governance and the need for directors to act only when things are certain, we really shouldn't expect the folks with their feet under the board room table, and their freedom and reputations at risk, to say, well thats a done deal , "I read it on Hot Copper."

When the money is in the bank the directors will tick the box for an announcement.

When the announcement comes of course the careful folks who waited will be left behind and those who did their own research and weighed the odds and took the a calculated punt will do way better than the average bear. Only if the news isn't fake of course.

VMT was a good buy back in Sept 2020 when it had just turned a profit and was valued at 65X NPAT. It has to be an unbelievably good buy in 2023 when it has a track record over a couple of years of doubling profit and should be trading at 100X NPAT. Where does the market get 7x NPAT from?

Seems @ Gigantor is finally up for averaging down.