And wait till the sub 10 retrace if there is one to appear. You...

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wazbee

3,906 Posts.

109

16/07/20

13:05

Post #: 45908562
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Originally posted by anf0 ↑

Seeing the price rise like this reminds me why 'downrampers' are so important on HC. I feel for anyone getting caught here.

They got it right calling the stock to fall from $1 to 5 cents and honestly I don't see any change whatsoever to the business case at Magnis besides a couple of new appointments. Anybody who has been here for more than 3 years knows how many ''major appointments'' have come and gone.

In February this year, in the announcement about MARTAC, Magnis said they'd be producing those batteries in NY by Q4 2020... So what happens now? Does MARTAC not get their batteries? Can anyone tell me how they are supposed to be manufactured and delivered when literally nothing is happening at NY? There was an announcement in June about NY reiterating old information with no mention of factory assembly.

Tesla is talking million-mile batteries and multiple gigafactories. What they're currently doing is exactly what Magnis aspires to be doing. Does anyone actually think MNS is on that level?

You now have a $70 million market cap with huge staff overhead, no earnings, no short term earnings prospects, and no apparent ability to raise any meaningful amount of money ($1.5 million at a time??). It's a slow bleed exactly as it has been for years now. Someone please tell me what has changed. Buyer beware...

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And wait till the sub 10 retrace if there is one to appear. You and Mondrian are appearing at the wrong times.

MNS Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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