I struggle to review any deal that has resulted in an uplift to the business...
Carly has been stuck in a range of 240-260 reserved cars since June/July. Without cars this is going nowhere fast.
In the past 3 there’s been a CR, performance options granted to the CEO and a stock consolidation paving the way for further CR’s. There is no clear Strategy for securing additional vehicles and if there was one we should all be extremely skeptical of managements ability to execute.
CL8 needs a massive influx of vehicles. CEO should be paid in options for a year and his Salary can go towards buying 10x $20k cars. At least that would get a return.
CL8 Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
