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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Although you make a fair point about Turners, that a capital...
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Mkt cap ! $3.22M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 740909 | 0.011 |
4 | 850000 | 0.010 |
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