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Monday, September 23, 2019 4:50:14 PM
AFAIK, WEYL sells R&D services to ATOZ at what looks to be below cost. If ATOZ actually can make a profit that is their's, not WEYL's. Yes, WEYL (and the divi boys) have some ownership, but as a private company over in a foreign land you can bank on that ownership be reduced to virtually nothing if they want to do so.
And what exactly is the AtozGo business model?
From the PR:
Unlike other food delivery services, such as GrabFood, AtozGo increases the potential population of delivery people by not requiring a motor vehicle.
Gee, that is huge. So we are talking about high density urban (can not well deliver on foot in the outlying areas). And in those areas there is a always food options every few hundred feet.
Recent LGIQ News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:43:28 AM
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