Hi all, I thought I will attempt to start a discussion about...

Hi all,
I thought I will attempt to start a discussion about some thoughts I have in relation to VMOTO.
Electric scooters represent around 40% of all 2 wheel scooters in China. It grew from around 1% share in 2000. The overall market for 2 wheel electric scooters only in China is well above 20 mln units a year ( I could not find the numbers for 2015, so extrapolating from 2014 figures)
VMT will sell in a range of 40-45K units in 2016 (pls, correct me if I am wrong!). Why does VMT have such a small market share? Who is its main target consumer? I understand that historically VMOTO has focused on B2C (primarily in delivery business). Why is the company not successful with B2C? What competitive advantage does it have vs a myriad of other brands? What really puzzles me is that there is no brick and motor B2C channels in Europe that I am aware of. Does VMOTO exclusively focus on B2B in Europe? If yes, why? Can anyone share the main tech characteristics of VMOTO vs the leading brands?
I had a deep look at the financial docs for the last 5 years for VMOTO and it actually looks pretty healthy for a company with AUD13 mln market cap and a debt of less than 2 mln AUD. NTA is 70% higher than a market cap, the company operates in a growing industry and is on a borderline of profitability ! Seems like a very strong spec buy apart from 1 factor. Where can we find a comparative analysis of VMOTO scooters vs. the leading brands? any thoughts?
Best,
Andrey