Vmoto World Premiere 23rd Feb, page-111

Given that VMT has really only started to grow in the last 12 months and was only 12 cents one year ago, it has done quite well. I think it would be premature to think about dividends at this stage while it is in "growth mode" and only has $15 in cash.

I'd give VMT another 6 months at this stage 2000 to show that it is a growth company. Remember they have 13k existing firm orders - and they produced 23k bikes in all of 2020 so 2021 is likely to set some pretty high records in production.

The SP is in a static position at the moment - more undervalued than in trouble. Patience now will get its rewards in the next six months. We all just have to hang in there for now. There are two quarterlies in the next six months and I think they will be crackers.

The presentation on the release of the new models was just that - it is not a pivotal event just really advertising the brand. I guess 200 people have at least one friend so the word will get around exponentially.

Six months ago we were all saying how good management was - I still think they are doing well in trying circumstances.

Keep the faith mate.