As with every MNS announcement over the last 2 years, I think once the market realizes it’s all fluff they’ll sell it down again. Especially with the CR uncertainty looming.
This announcement really adds no value. They chose Siemens (who Magnis will pay) as a software partner for the factory that may or may not go ahead (still no word on finance or a feasibility study). Not really news.
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- Reports indicate IM3 acquired $200 million worth of assets for $5 million
Reports indicate IM3 acquired $200 million worth of assets for $5 million, page-13
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