@Radar100
CL8 effectively finances cars from the dealership by giving away 2/3 of revenue sharing as per AGM notes. By the time, CL8 pays full insurance, maintenance, and staffing cost, their margin is no more than 10% as per every quarterly show, therefore, they would need incomes 10x larger in order to make any profit.
Those fleet "suppliers" effectively did Solomon Lou to Myer and the rest of the shareholders, and for this reason, I assume Chris hasn't got the sack, he is just a puppy.
Ann: AGM Investor Presentation, page-38
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