Hi Varaka, You purport to be well connected with the company,...

Hi Varaka,

You purport to be well connected with the company, know management well and have ridden the scooters in the factory. I'm a bit pussled by your string of negative posts and very strong criticism of management given that you have not held the stock during all your back posts that are visible.

I'm a recent accumulator because 2016 was a tough year for the company and as often happens the share price has been mercilessly trashed massive multiples of what a realistic mark down should have been..

Where you see bad management and lack of direction I see very good reasons why unit sales dropped 5% in the first quarter and 8% in the second quarter of 2016 yr on yr. Things very much outside managements control.

The sellers who looked at the overall 2016 result and dumped their shares based on that result probably didn't notice that 3rd qtr unit sales were only down 1% and 4th qtr sales were up 2% with high margin international sales in the same qtr up 254%. Without the strong finish i suspect the result would have been much worse.

In march last year when a loss of $753k was reported for the 2015 yr the share price sat after the announcement at 27c.

If the 4th quarter 2016 improvement over 2015 continues through 2017 we might just see a good profit in 2017 and a very handsome share price for those who aren't frightened or disillusioned and are buying today based on objective analysis and not blinded by festering old wounds.