VMT 0.00% 12.0¢ vmoto limited

New Models - which one excites you the most, page-42

  1. 3,657 Posts.
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    For the price to gain traction - requires institutions in.

    for institutions to get in - requires squeaky clean slate.

    This will take time as two recent events may have dented the image.

    1. Sudden departure of respected chairman - the one who showed the path to profitability.

    2. Awarding of free performance shares to management based on share price reaching 30 odd cents in two years - the current shareprice was 45 cents - if the mgmt does not have confidence in shareprice (otherwise these free shares should have a hurdle of say $1 minimum) then how can institutions have the confidence (remember the institution actions are scrutinised if things go wrong).

    looks like it may take 9 to 12 months (at least two to three quarterlies of rising sales and profits) to re build the image.
 
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