blast off, page-13

I will watch with interest the ability of PowerEagle to sell all the scooters Vmoto manufacturers for them over the next couple of years. In 2014 VMT PowerEagle production is forecast at 72,000 and 150,000 in 2015. We will know if they are not selling this many...as VMT will be required to cut production below the forecast levels.

If PowerEagle can sell this many scooters in China, then it quite possible the Vmoto can sell this many of it's own brand as well....the only difference is that Vmoto doesn't yet have the distribution network in China that PowerEagle has...maybe it will take a couple years of retail store openings to reach an equivalent of PowerEagle's distribution network.

So if PowerEagle can sell 150,000 units in 2015 then maybe by 2017 Vmoto is doing the same.

For me what the share price does in the next year or so will be dwarfed by where it could be in 2017 if the above eventuates....hence my LT view.

In terms of a takeover...if any major player in the industry wants to fast track an electric scooter divsion...buying Vmoto could be a pretty easy option.

sents