VMT 10.7% 12.5¢ vmoto limited

Ann: Vmoto enters joint venture with PowerEagle, page-46

  1. 3,601 Posts.
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    I'm still in VMT, but dikko, you have hit it on the head. Too often VMT sink $Ms into a venture, then announce a few years later that there will be a "non-cash" write off of that venture. "Non-cash" at the time of writeoff, but it was shareholder cash which was put up front in the first place. ie, a bad investment which loses everything. Can anyone count how many times this has happened?
 
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