Completely agree hbothbot - this is a huge milestone for Vmoto as any of the long termers would be aware. Vmoto previously had so little investment interest from within Australia that for a time they listed on AIM in the UK in an attempt to get funding interest from European investors which also proved somewhat difficult. For a very long time the risk was that they would go bust because of a lack of cash (from sales) as the electric scooter market was in its infancy. Things have changed and with this raising they now have the backing to be leaders of the pack in this segment.
The fact that they have opportunistically raised this at 45c rather than at low 20c two months ago for me is a big tick.
sents
Ann: Vmoto secures $9.6 million after strong demand in placement, page-38
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