Hahahahah. Pretty sure those guys are smarter than me... For Capricorn to take a stake up in Spenda, I'm sure they did their own model to determine how much value their network will bring to Spenda.
And since they own Spenda now, I'm sure they will they will 'force' their network to adopt most of Spenda's solutions. Given Capricorn's business model, they are likely to incentives/reward their network to adopt Spenda's solutions.
I think is important to note that Capricorn is a corporate and not an investment firm. They have been around for decades and is the largest automotive operator in ANZ. They do not invest for the short term or trade the market, likely they saw significant upside to take a major stake in Spenda. Why else venture into something out of their expertise and take the risk? Tbh, if not for Capricorn's involvement, I wouldn't look at Spenda.
SPX Price at posting:
1.3¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)