Ann: Change of Director's Interest Notice, page-78

I didn't report your post by the way Riskon. Mine was moderated too, though automatically because it quoted yours. I'll paste my reply to you here so you can see it. Hopefully it's not breaking any rules because I don't think they would've modded it otherwise:


Thank you for taking the time to put that together. As I said I understand the options situation, but I also noted that it is far from a secure source of funding. As another poster has just pointed out, it's like doing a cap raise at an 80%+ discount. With 92 million options there is quite a bit of dilution. The company would still be far better off doing a proper capital raise now don't you think? Raising $8 million from options simply isn't going to stretch very far. Even if it lasts them the whole year (best case scenario) the stock isn't going to move up because 10 months of funding is hardly a secure future. Not to mention, once the cash balance falls to $5 million or less with NO MORE options left, the screams for a CR will grow even louder. So really, the way I see it, MNS has no choice but to do a CR long before the year ends, unless you think it's good business to let the bank balance run to $0 before making that call.

Regarding your second point on demand, you're right I think real demand if there even is any, is still a few years away. The fact is, your point was made over and over again 2 years ago when the graphite bubble eventuated, and yet here we are. The only thing I've seen since then is graphite companies going under, not signing profitable agreements. The sad reality is that graphite is in no short supply - it is found in abundance in many places and is cheap to dig up. Not to mention, no resource that can be replicated in a lab is worth a whole lot in my book. Especially since lab generated variants tend to be more consistent.

I'm not having a cheap shot at any of the managers, I'm just calling what I see. What I see is a lot of talk about different possibilities for your product, but not a single deal done to date. And a lot of shareholders are getting excited over $5000 purchases a month from one director, which to be honest doesn't mean absolutely anything.