Well, in spite of the ebike production shortfall and transition to small motorcycles, significant growth was shown in many metrics year over year (Q2).

Revenue: up over 300% from 1.7 M to 7.1 M

Gross margins: up over 50% from previous margin levels

Sales: up approx. 285% from 5,896 units to 22, 715 units

Earnings: $673,777 compared to loss of $360, 453

Cash On Hand: increase of $2.4 M to $38.9 M

So whether the company was overly optimistic in its sales of ebikes or didn't "grasp" market demands, they seem to be making a concerted effort, along with the help of ZIG, to rectify these "problems" by attempting to improve distribution in key market areas and better inform the public of their product.

ZIG has 5000 distribution centres in rural areas which is ideal for the sale of the gas bikes, but few distribution centres in urban areas (where new gas bikes are banned) where the potential lies for their ebikes. Interesting statement that they are considering the purchase of ebike companies with urban distribution centres.

Given the continued growth in sales, revenue, earnings and margins shown in this quarter (2nd slowest q of year), the strong support they obviously have provided by ZIG, the proactive measures they and ZIG seem to be taking to resolve distribution issues, the cash on hand, the possibility of a purchase and great potential that exists in the current quarter (one of their busiest), I'm more than willing to continue to hold ZPP shares and hopefully reap some of the rewards that future, continued success should provide.

Have a great long weekend!