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12.5¢ vmoto limited

my understanding is greenmo is the failed business. Its...

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resourceboom

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14/03/23

13:02

Post #: 66754782
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Originally posted by ZMan: ↑

Re: So "healthy retained earnings balance", and growth funded from earnings, are irrelevant to the success or failure of a business? Do you even understand the terms?
Those terms refer to historical events, not current or future. A company needs sufficient capital to fund its current and future operations, regardless of what it did in the past.

Re “What actually did happen, was an unsuccessful business - GreenMo - was restructured, and in the process sold one of it's assets - Vmoto UK Distribution Limited - to it's principle supplier Vmoto (through it's UK subsidiary Vmoto Soco UK).”

False, Vmoto did not buy the distributor, it bought some of the assets of the distributor from its administrator.
The liabilities of the distributor stay with it and its administrator.

I cant beleive here people are claiming that a business put into administration, and subsequently sold assets at a discount has not failed.

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my understanding is greenmo is the failed business. Its subsidiary the uk distribution business was sold to VMT.

fair that the distributor is only currently around breakeven but it could easily generate good profits in the future imo

VMT Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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