VMT 4.17% 12.5¢ vmoto limited

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth, page-5

  1. 1,420 Posts.
    lightbulb Created with Sketch. 436
    Incorrect:

    "Vmoto is still cash flow positive, it reported on Friday, with a facility of just over $41M from which only $3.3M has been drawn."

    Vmoto has cash of 41 million. Not a facility.

    Article also states "The biggest thing remaining on Vmoto's plate is the construction of its manufacturing facility in Najing, China."

    To be more accurate the article should identify that it already has one facility in China, and is referring to its second under construction.

 
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