The market updates confirm that the distribution agreements are time restricted to ensure that VMT doesn't have to continue dealing with a dud distributor. There would be all manner of covenants which allowed VMT to cancel the agreement if the Distributor wasn't performing.
This from the latest market update.
International Distribution
In 4Q22, the Company signed and renewed distribution agreements with international distributors in Czech
Republic, Greece, Slovakia, France, Moldova, Jamaica, and India covering the warehousing, distribution, and
marketing of its B2C and B2B range of electric two-wheel vehicles.
The market updates confirm that the distribution agreements are...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.45M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $4.104K | 30.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 52192 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 71489 | 1 |
View Market Depth
| Last trade - 15.23pm 30/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |