Yes Stewart owns 90% of Slipform.
There is no money to pay Slipform, he would drag down the company if he called the cash. It is in Stewart's best interests for the projects to succeed - he owns circa 35% of EWC. If he defers the payments, the projects can be built and he can get his money through Slipform, i.e. a win win.
The latest Slipform contract award was ratified by the board of non execs - are you questioning their honesty as they have to act in the best interests of EWC shareholders?
Ann: Preliminary Final Report, page-6
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Change
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Mkt cap ! $29.24M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 1.8¢ | $46.85K | 2.335M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 603480 | 1.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1849678 | 1 |
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