MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Nachu Graphite Binding EPC Contract Executed, page-178

  1. 2,869 Posts.
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    Either Negma are selling shares (they have no interest in a long term investment otherwise they would have just put in the money upfront and invest in the company/mgmt), or the deal is so bad that other investors are baling out.

    In the last 12 months, before the 15th of Oct, daily volumes were ~490k per day, while after that date, daily volumes are ~900k per day which represents >80% jump.

    15th Oct....the date Negma was issued their first batch of shares.

 
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