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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13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.45M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.0¢ | $1.335K | 10.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 55192 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 66416 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 47192 | 0.130 |
2 | 64000 | 0.125 |
2 | 7471 | 0.120 |
1 | 34652 | 0.115 |
1 | 8257 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 66416 | 1 |
0.140 | 14886 | 1 |
0.145 | 77344 | 4 |
0.150 | 375114 | 4 |
0.155 | 58432 | 1 |
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