Now 1 year in to Phil's 5 year plan and already, the Vmoto tree is baring fruit.
Chinese sales down but who cares. We discontinued that whole Powereagle gig anyway, as we were only making about 85c* per bike
(*joke
).
International sales snowballing. Now
up a very healthy 26% on same time last year.
Firm orders for a whopping
2,460 units for delivery in the coming months too!
I loved the part about the new model launch via Super Soco and that jazzy website over there that's bursting with cred; Youpin.mi.com ("crowdfunding"). The Chinese are all over it.
100% payment required up front and they receive a staggering
$10.5 MILLION in the first week....if you don't mind
!
Goodness knows how much they'll get in the remaining 3 weeks of the campaign.
In a further show of faith, we had a SPP
raising $2.2 million in Jan which was heavily oversubscribed. It seems the broader shareholder base can also see that Vmoto has turned the corner.
Our
'cash stash' now sits at a healthy
$6.2 million.
As demand for our stock increases and existing holders become less inclined to want to part with theirs, share price IMO, is only heading in one direction
.
Gottalovevmt...
