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Nov 26, 2022·edited Nov 26, 2022

Thanks for the write-up. I really enjoyed your thoughts on the perfomance rights plan!!! I bought some last Friday. I too am a little uncomfortable with the way the performance rights are organised. I think the ceo is a bit overpaid but perhaps that's cause I'm bad at calculating australian dollars. He recently bought some more. I am a bit concerned about the friendlyness to shareholders with this company. The indian deal fell in the water. In Europe they are mostly seen for the fooddelivery services, I haven't really seen them elsewhere, which explains the low bag lock. The real sales will be from Asian countries I think in the future. They seem to be one of the cheaper models on the market. The stash design like tron legacy does look good. They're working together with Ducati and an Italian investor now who was granted an option on 10% of the company. I don't really undersstand how this company after 10 years of doing nothing has a net cash position, they must have really screwed investors when they IPO'd. Their cash flow is going in the right direction but has been a bit low imo.

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