VMT 4.17% 12.5¢ vmoto limited

i got a letter, page-38

  1. 93 Posts.
    The letters went out to certain volume holders in the east to see what the interest was in terms of input into the future direction of VMT. There is no firm plan for an EGM as I understand things, it is just a call to see how many shareholders are interested in a more active engagement, which - given the entirely non-existant information being provided by what's left of the company - seems fair enough to me. No use grizzling about it; people are entitled, if so moved, to act in the way Mr Fitt has done. If the company was conducting it's affairs in line with established management practices the whole letter affair would be unnecessary. As it happens, it seems there is quite a lot of interest in the effort to find out more information and to hold VMT to account.

    It's not like the letter campaign is going to damage the share price, which is an obvious shareholder concern.

    BB99
 
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