Its been a while since I made any comments on MOT. The reason for this is I really wanted to give the guys there as much time as they needed to try and turn things around.
IMO some of the comments aimed at certain board members were not called for and didnt really help us shareholders cause in trying to regain some value back on our investment.
As we all know plenty has gone wrong with MOT in the past. Some posters on here have even pointed the finger and singled out past and present board members by name. Maybe some of it deserved and some of it not deserved. But thats the price you pay by being a board member on public listed company.
Enough with the past. That cannot be changed. Im more interested in the future of MOT for all our sakes.
The board changes announced a few days ago has given me a little twinkle of belief that things are slowly starting to turn around for the better now. Looks like Mr Vetrone has taken MOT as far as he could with the DD and has now unselfishly stepped aside for the new board members to take MOT to the next level. Thanks for that Frank Vetrone.
So Im very interested/excited about what the next level will be. IMO with the new appointed board members, we may see some much needed funds being raised to get PPS out of the blocks and ready to go. Ms' Stella' Jiang appointment looks to also be a trump card. I like the following comments coming from the announcement
"She possesses the experience and has established business relationships which will assist Motopia in future expansion into the Asia region and in the management of relationships with potential Asian stakeholders and partners."
Nice!
Once all the formalities (EGM) are out of the way Im hoping we can start seeing what PPS can deliver.
I think this new business can deliver instant revenue and profits in a very short time frame. Looks to be a much better option than going down the mining track.
At the end of the day, if PPS can start making us some money then the SP will look after itself.
GL to all and lets give this new team a fair go. We have been through enough pain over the last 3 years.
MOT Price at posting:
0.1¢ Sentiment: ST Buy Disclosure: Held