Hi Niels
I see where you are coming from and I agree that Tesla has a big problem looming, but only because,
its way over priced.
Why? My take on that is because Elton Musk thinks making money is too easy and hasn't had to do the hard yards. Competing is totally new to him and because he hasn't had any training he will fail miserably in a competitive market.
The traditional players will certainly kick him out of the ball park.
A direct translation of that problem to VMT, IMO doesn't have legs.
VMT isn't a big lavishly funded toy born out of past windfalls playing in green fields.
Its a mean lean go go machine that can compete any day of the week with the big boys that are loaded with suits and bureaucracy.
The big boys won't annihilate us because they are loaded with the huge cost of mature business bureaucracy and won't be able to compete with the low overhead well established EMax brand.
The game plan and our strategic direction as I understand it is to build the customer base and force one of the big players to take us out of the game at a handsome windfall for VMT shareholders.
We will disappear into the sunset laden with cash and the suits will keep their snouts in the trough.
Long live the swill.
Gottathinkabouthavingasipofsomething.
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $679 | 5.657K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 43923 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 250918 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 115000 | 0.072 |
1 | 50000 | 0.071 |
2 | 60000 | 0.070 |
1 | 15509 | 0.069 |
1 | 145671 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 80000 | 1 |
0.077 | 57665 | 1 |
0.078 | 38280 | 2 |
0.079 | 100000 | 1 |
0.080 | 219315 | 2 |
Last trade - 14.26pm 03/12/2024 (20 minute delay) ? |
VMT (ASX) Chart |