Appears the SP pressure is due to old holders that entered in...

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?