I think not getting the contract for North America is a huge hit...

I think not getting the contract for North America is a huge hit for VMT - would be a massive market and the contract would have made VMOTO a household name there.

This is a major miss FOR VMT - they can't afford to miss out on these opportunities. If the issue is lack of capacity to take up new orders then that issue is very serious indeed.

They have to tool up and train up staff surely, but these are things the company should be on top of if it is serious about becoming a major player with electric bikes.

The factory they own could easily have accommodated larger production but if they don't have the foresight to be in a position to utilise the space for production, then they won't be able to expand dramatically in an industry that will demand it.

Have to say that I am hugely disappointed. Not going to defend the company on this occasion.