Appears the SP pressure is due to old holders that entered in 2014/15 at around the 50c mark getting out.
VMT listed 24/4/2007 (according to marketindex.com.au name change from Optimoney Group) & was building a combustion engine scooter business, however, government regulations forced them to pivot to an EV scooter business. Revenue diminished & basically had to start a new business.
Looking at the chart SP peaked at $2.15 on 1/7/2007 not long after VMT was listed. It then went down to 35c by 12/10/2008 during the GFC. The next SP peaks at $2.00 were on 18/10/2009 & 6/12/2009. By 24/6/2012 the SP bottomed at 9c. The next peak was at 56c in 4/5/2014 & it was downhill until recently recovering in the 50c range.
So there will be quite a few stale unhappy holders of VMT. There may still be some holders that bought in during the peaks.
I entered VMT in November 2019 at 20c when the EV business showed good growth & products had good reviews online. My opinion is different to the old holders that experienced the ups & downs with the combustion engines. I would not have invested in an old technology combustion engine scooter business.
This is a great business with Super Soco partnership & EV tailwinds. Does not require huge market share to become a $5B MC company.
The B2B strategy is intelligent & successful with excellent partnerships formed & more to come. B2C will also be successful as the Super Soco range is one of the top selling brands in Europe.
I will wait for the figures to move the SP which may take a bit longer than usual until it moves past $1-2 & all the stale holders are gone.
Are there any old holders here that bought in above $1?
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14.5¢ |
Change
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Mkt cap ! $60.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3793 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 6025 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3793 | 0.145 |
3 | 38161 | 0.140 |
1 | 50000 | 0.135 |
3 | 202273 | 0.130 |
3 | 114000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 6025 | 2 |
0.150 | 91435 | 4 |
0.155 | 11716 | 1 |
0.160 | 24100 | 3 |
0.165 | 20000 | 1 |
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