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?
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3 | 311964 | 0.094 |
1 | 300000 | 0.093 |
1 | 25000 | 0.092 |
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Price($) | Vol. | No. |
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