My feeling has been that the ambiguous relationship between Vmoto and Super Soco is primarily about providing Charles Chen and the Chinese directors in the company with a safe investment vehicle.
My suspicion is that the reason Charles Chen keeps snapping up VMT shares is the same reason that many Chinese investors have been keen on Sydney and Melbourne properties over recent years: they know that their money is much safer invested in Australian assets than it would be in any Chinese asset (the Chinese stockmarket, especially.)
Assuming this theory is correct, the cloudy relationship between the two companies might be more of a positive than a negative: you could argue that, while on the one hand, this stock offers exposure to China's high-growth tech industry, at the same it falls within the safe boundaries of the well-regulated Australian stock exchange. So the best of both worlds, perhaps.
Getting back to subject line of this thread, last week I tried to get in touch with the company management regarding the concerns I had about the level of advertising that was planned for the Super Soco products in the local market.
They recently got back to me, and stated that print advertising for the Super Soco bikes in Australia was due to start before the end of this year, and they seemed to think that a big marketing push was set to commence in January.
I wasn't aware of this, but apparently the Super Soco products also featured at the recent Melbourne Moto Expo, that was held on the 23rd to the 25th of November.
They sent this shot of the Super Soco display at the expo:
Apparently, there was high level of interest in the Super Soco products on display, so it sounds promising.
VMT Price at posting:
5.2¢ Sentiment: None Disclosure: Held
(20min delay)
