Eco City Vehicles has made an extremely vague announcement following its AGM yesterday
14 August 2014
Result of AGM
Eco City Vehicles PLC, the supplier of the licensed Mercedes Vito taxi, announces that all resolutions proposed at its Annual General Meeting held yesterday were duly passed.
This surely begs the question why is so little information being released about the AGM?
What were the resolutions passed?
The share price hit an all time low yesterday of 0.35p which is 81%down on its year high
The shares have dropped a massive 55% in the last month alone.
How long will they continue like this with falling revenues and a falling share price ?
Any driver considering investing a huge amount of money in a taxi must surely ask himself how good will the warranty be if they are no longer in business?
How easy will it be to get parts and servicing?
How much will a Vito be worth after they have gone out of business?