Ann: Market Update, page-72

Hi Niels,
Thanks for the article.
I would be ok with this co. if it did pull a couple of rabbits out of the hat but I have never seen it do that. Like everyone here hoping that it would. When it quarterly’s were indicating that it was selling approximately 20,000 I thought good but then when you hear that the profit margin wasn’t good, well what can you say? But too, I don’t understand why the Chinese Government didn’t support the EV scooter particularly as it was one of it own industries in the respect of employment, manufacturing, etc. I would think that anything to assist it’s pollution concerns in China would be a positive.

The only reason I have minimised my losses with this co. is that I have been averaging down big time. This financial year just gone I wrote off $138,000 in shares losses in my portfolio hoping to clear the decks and hope start a positive year and it looks to be working but if vmt falls over it will once again reverse any positives. Sorry for your loss in this company Niels and to all others too.

I guess in the share market you can never really forecasts the future but I wouldn’t be surprised if super soco takes out vmt. I am still confused as to why Charles had changed his portfolio arrangements. Is their something in that. But then I too, am pleased that we get a recent substantial holder...that should be seen as a positive.

Inchiquin’s article about Kidman and Scott from Wilson’s visiting the office and coming away with their not so positive opinion of the company would have deterred many investors and I can understand that. First impressions count a lot and to be honest if I had read that article I don’t think I would have invested either. Particularly, the bit about The cut out of Megan Gale. I think if you are wanting to get investor interest from the into’s you need to be on your best behaviour, you may only get one opportunity to get that.

So once again I will just have to be patient. Hope for all of us that this continues to improve from a very low base with good sales numbers, good profit margins, greater interest from the into’s.

Gotta, lets hope that management stays the course and keep to their plan of turning this sad tale around so that those patient poooooooor investors get see a very happy ending. Cheers, Puck.