I see. I disregard press articles as gossip, open to speculation and misinterpretation, particularly when translated by Google from Chinese to English. I rely only on reports officially issied by the company.Again, from that article, what could be interpreted is that parts and other sales have surged 260% or whatever the number was. And if that was from a very low base, the impact would still be immaterial.One thing is to generate revenue from fully assembled bikes that have to be ready at the Netherlands warehouse to be shipped on demand, quite another is to generate revenue from parts and other products (cabinets, etc.) where these are fabricated specifically for customers with no middlemen and only when the order is received and paid for. This improves the creditors and debtors days.e.g. in selling a fully assembled bike, VMT has to produce it and sending it to the Netherlands, storing it and wait for the importers to place the order. In selling a cabinet directly to the final user, VMT receives the order and prepayment/ deposit and build the product and get full payment before shipping. The inventory cost of one bike fully assembled with labour has to be higher than the raw material cost of metal sheets that are formed and worked only once an order and prepayment has been received.This is my understanding of it anyway.
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I see. I disregard press articles as gossip, open to speculation...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.09M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 11.0¢ | $42.72K | 387.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 170793 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.110 |
4 | 102144 | 0.105 |
5 | 175000 | 0.100 |
1 | 30000 | 0.095 |
1 | 37500 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 170793 | 4 |
0.125 | 278283 | 6 |
0.130 | 268255 | 5 |
0.135 | 82972 | 4 |
0.140 | 578739 | 2 |
Last trade - 14.52pm 15/11/2024 (20 minute delay) ? |
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