A lot of work has certainly been done over the last couple of years.
The controller business and the power eagle JV were "learn from mistakes" experiences, but that's important. I was impressed that there was speedy acceptance of the errors.The major part of the Power Eagle investment was in the trademark and it looks like it could produce recurring income.
We don't hear much about the handle bar technoledgy, maybe it's a quiet earner.
Whilst 5.5 c is a dreadful price to have to raise capital some real positives could come out of it. We had two 4.10 pm trades today so we presumably one positive result is we have a broker taking interest.
Having product ready for immediate delivery in wharehouses is a great way of increasing sales and allowing the factory to produce efficient production runs rather than fill orders.
Accepting dilution at a low price is always a bitter pill to swallow but it might just be the mad icing we need for a speedy recovery.
After a lot of consideration it gets my vote.
VMT Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
