Struggling Perth-based scooter retailer Vmoto has told its shareholders that business is operating as usual and urged them to disregard a letter rallying stockholders against its board of directors.
A disgruntled group of Vmoto shareholders has launched a campaign to replace the current board of directors, saying many stock owners have no confidence the board and the executive management team can restore shareholder value.
23 May 2011
Subscribe today for award-winning, unbiased and trusted journalism
