CL8 - Agreement With UBER!!!!, page-117

Natandsal - You know I always enjoy coming to the CL8 thread and had high hopes for this company!

Now based on my past calcs

The average car rented for around $50 per day

"revenue" is 40% of this as the owner takes 60% so - $20 per day

Then Insurance etc is another $7.50 per day which comes from the CL8 revenue


So $12.50 per day goes into CL8 pocket as "Gross profit"


Last qtr expenses for the Company where $915,000 so $3,660,000 each year


So $12.50 per day * 365 = $4562.5 per annum gross profit for each car (if it's rented EVERY DAY)


CL8 need 789 cars rented everyday of the year to be Cash flow neutral........

Obviously that discounts the small revenue they are obtaining from other areas such as Mycaravan etc etc......

My estimates state they need 650-700 cars rented everyday to be cash flow neutral......


If they can achieve this very soon I think the company will have a bright future but I still think they are a fair way away.

If they do make cash flow neutral - every 100 cars above would add $456,250 profit per annum.

I hope this makes sense and its an unbiased view, I'm not saying buy or sell the company just providing my knowledge and information

Lets see what the next qrtly brings