Given the disgraceful profits warning, disposal that made no sense, joke of a balance sheet and all round laughable state of affairs, AIM China play Vmoto (VMT) should have lost its Nomad and been suspended ages ago. Instead it has just announced that it is to leave the AIM casino and since it maintains a listing in Australia it no needs no permission to do so. Another one bites the dust.
AIM Casino China play Vmoto (VMT) has served up yet another red flag with an announcement that it has issued a shed load of shares to various parties. Vmoto claims to be drowning in cash but as I pointed out HERE its balance sheet is actually very weak. So today it announced:
Shares in Vmoto (VMT) are back from suspension on the AIM Casino and ASX after it published a statement which only the thickest of morons and China Norfolk addicts will believe. It is talking shite. The shares are off 18% at 13.5p but the valuation of £20 million is just a rum n coke. Sell.
Oh dear. It is another dismal day for those invested in the Filthy Forty China Aim stocks with shares in Vmoto (VMT) suspended on the casino after a most bizarre statement. Let’s look at the timeline of what has – to date – been one of the star performing China AIM plays one of only three showing gains since IPO. Make that two now.
Vmoto (VMT), is a manufacturing and distribution group specialising in high quality "green" electric powered scooters which was brought to AIM on 9th November 2012, by finnCap (Company Nominated Adviser and Broker). After raising £1.6 million by selling 121,075,002 new ordinary shares at 1.3p pence.








