Although you make a fair point about Turners, that a capital loss of $2 million dollars to them would be insignificant in such a large company, I don't entirely agree.
I think Turners motives for investing in CL8 would have been more than just renting out their own vehicles. I am sure they would wish to prosper from their investment and they need CL8 as a viable entity for back up and support with Carly.
For this reason I believe they would want Carly to be successful and grow.
Also I make the point that even though the fleet operators have a significant holding in the company, Willoughby's are still the major shareholder holding near on 25% of the capital. The fleet operators would find it difficult to restrict Carly in a significant manner. Hopefully this would never happen and the board could work effectively together.
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.488M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 141509 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 340000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 141509 | 0.012 |
1 | 1000000 | 0.011 |
2 | 1302485 | 0.010 |
1 | 200000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 356733 | 3 |
0.016 | 505674 | 2 |
0.017 | 101771 | 1 |
0.018 | 98000 | 1 |
0.020 | 1360000 | 1 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
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Mark Waller, MD
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