Great announcement.Some of the key points that answers some of...

Great announcement.

Some of the key points that answers some of the questions asked:

"The company has 183.3 million shares on issue with a market cap of $28.4 million.

Optima acquired Vmoto Motorcycles on June 30, which was followed by the acquisition on January 1 of 100 per cent of Shanghai-based Freedomotor Company Limited, an international scooter/motorcycle trading and distribution group which is expected to contribute over $50 million in revenue for the year ended June 30, 2008.

Importantly, Mr Sergeant said, both the Freedomotor and Vmoto businesses were profitable in January, with the total January scooter sales and distribution performance some 30 per cent ahead of budget.

Vmoto scooters are distributed throughout Australia, New Zealand, the United States and more recently, the UAE.

the company acquires 100 per cent of Freedomotor effective from January 1, enabling Optima to rapidly expand Australia's largest scooter brand, Vmoto, to over 50 countries throughout the world."

celeb123 - maybe it doesn't matter if the aussies don't accept them. Over 50 other countries might :)
As for being overvalued, $50M revenue in the next financial year and already 30% ahead of budget after one month isn't too bad. I bet there are many other companies that wish they were in a simlar position.

This will be one of the stocks of 2007. Already up over 50% since Jan 1.

Short term, medium term and long term winner IMO.