Users making investment decisions based on what's being said on...

Users making investment decisions based on what's being said on a forum and than blaming everyone else for their losses... It says a lot about the investing acumen of the posters and nothing about the actual company.
The company is having a severe decline in unit sales because it has lost (temporarily?) a major customer. Unfortunately the company has always been reliant on B2B and the majority of that business was reliant on a a single customer. That risk has always been there for the investors to see if they cared enough to actual see it.
The wars have had no impact on the decline in business, that is clearly excuses. The cost of living also is not the reason for the decline because COL pressure causes decline in the B2C, which is not the main contributor to VMT sales. The reason for the decline has been that the major B2B business has been impacted by the reversal of an interest rate environment that was close to 0% and was vital to finance money-pit business models such as sharing businesses.
VMT, until recently, had little to no product offering that appealed to B2C. VMT specialises in 50 and 125 cc equivalent that have, at least in Europe and North America, little appeal to B2C; at least that is not where the money is in those markets. 2023 was a strong year for motorcycle sales in Europe, particularly big bikes 1000cc etc.
VMT is very niche and cannot rely on a wider product range that helps mitigate demand fluctuations. VMT has now started to move from a B2B focused business model to serve a broader market, by relaunching a premium B2C Vmoto brand and more stylish and increasingly powerful (still be only limited to 250-350cc) models. It takes time for the results to show, you cannot expect to see these in a matter of 6 months, that's not how it works. Investing in R&D and producing these new models will require additional working capital (this is the unavoidable nature of the business) so VMT must of course continue to push and win big B2B contracts that will help to continue to finance that working capital needs, otherwise the shareholders must be called upon.
To conclude, the whole thing is a step by step process to the point of having a wide range of models that appeal to a wide range of markets and users, as well as very large and efficient manufacturing capacity. How you finance that process is the essence of the industry, you have to be very clever and opportunity seeker. The other pathway is to have an incredibly overvalued stock and continue to raise capital cheaply on the stock market. But we are not in the USA and we are nolonger in a 0% interest rates environment.
That's partly why I cannot take seriously most posters here who were, only just last year and with cocky tones, calling for share buy backs and dividends?! It shows they have no idea whatsoever about what they are talking about, yet they feel an obbligation to share they opinions and make criticisms.
This is opinion only and it is not advice etcetera.