Hi Winger7
I've been away for a while now and didn't read your moderated posts, so no idea what your beef was. Anyhow, that's neither here nor there and best left alone.
With a company like VMT, its almost pointless looking at P&L statements and balance sheets other than to make sure that the money is being incinerated intelligently and transparently.
Vmoto, like a lot of other early adopter technology companies are all about investor perceptions of potential. All anyone can do is decide if there is a a big future for electric scooters (or not) and then to decide whether Vmoto is capable of capitalizing on this projected boom (or not). If you wish to calm your nerves with respect to Vmoto, just look at the number of NASDAQ companies with PE's > 200 and who are still running at huge losses and seemingly functioning. Beats me how, but they're doing it.
For all their faults, you have to hand it to Vmoto and Charles Chen for constantly trying to find a niche, to date they've been defeated by bad luck, poor timing and the odd poor decision. Criticisms which are easy to make now with 20/20 hind sight.
Fingers crossed this next roll of the VMT dice will be a pair of sixes.
VMT Price at posting:
5.6¢ Sentiment: None Disclosure: Held
