Ncsch2, I believe you captured the essence of why what should have been a very good week for VMT has ended-up as another disappointment. We have a Company aspiring to be a technological leader in its market but rolling-out an important communication session via 'old-fashioned' teleconference. Not that I am a great fan of video-conferencing and Zoom, etc., but come-on VMT, try to play the part. Then you get the usual lather of aspirational platitudes without the detail that would convince investors to part with their money. A bit like projecting a moon landing without having a rocket.
On the positive side there were no negatives, but communications have to be far better than this if we are to see the SP routinely reflecting the achievements and potential of this Company. I certainly agree that Blair needs to get some skin in the game, but it is reassuring that Phil is maintaining a relationship and will presumably maintain his investment. (He's in the 'Top 20' though doesn't show-up on the List as his holdings are diversified.)
My feelings on other points currently being discussed here are : Lukewarm about 3-wheelers as VMT needs to focus on volume. Not fussed about Ducati etc., because this can also become a distraction from the main volume game. Still concerned about relying on a sole manufacturing unit in China, partly because a single source of supply is always a risk factor. The issue with it being in China is not a question of whether VMT imports or exports, it is simply that the Company is exposed to an authoritarian regime which will think nothing of closing down a factory or a whole region if it so decides, and there is no recourse. VMT is an absolute minnow in Chinese manufacturing terms and has no leverage whatsoever.
I guess that I am resigned to the fact that VMT's communications culture continues to be a handicap, and that we will have to rely on actual events and results to drive the SP. The upside of this is that at least there should always be far more upside than downside, but there is the risk that investors will get weary of this constant drag on market sentiment for the stock. There is no doubt that we are not where we should be, and with the World now moving-on to a much better and more certain place in the months ahead hopefully VMT will re-ignite. Hopefully !
I think we need patience, but it's bloody frustrating. 2000.
VMT Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
(20min delay)