Ann: NY Battery Production Fast Tracked with Acquisition, page-21

Think the company has already stated a fact - MNS share in IM3NY will increase given MNS's injection of $5m. Again this can only mean two things: (1) other euity partners in the consortium didn't have cash to inject to maintain their equity, or (2) they didn't see merit in putting in any cash and happy to give away an equity stake in lieu of not making a capital investment. Simple.


If their equity stake increases materially it really is alarm bell time.....it'll be a litmus test of what the consortium members value it at. Dangerous implied project valuation this has created.