Gotta, I also remember the Wylie group 80c target and at the time I thought that would be as good as it gets. Don't forget though that a lot of water has flowed under the bridge since then. We now have our own production facility and significant sales contracts in place and the Scarrts are shaping up to be the ace up our sleeve.
The mathematics have changed since then and so has the share register. With the new investors having now having an intimate knowledge of the operations in China and Patrick et al controlling such a large block, any takeover offer is going to need big sweeteners to shake loose the stock. Apply an appropriate p/e (you would hope north of 12-15 to take into account the lashings of blue sky that we can all see so clearly) to earnings in a year or two and you can make a case for a whole number on the left of the decimal point.
It is no longer a case of holding our nerve - as Diggs said, patience is the key.
VMT Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
