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4.2¢ magnis energy technologies ltd

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arundpr

968 Posts.

164

24/07/23

13:11

Post #: 68945997
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Originally posted by Muza: ↑

What the latest interview confirms is that they have basically built a factory that is a proof of concept pilot plant that can only produce small batches that are still to go to customers for verification… this is so far removed and different to what they have been spruiking for the past 2 years .. I would go as far as to say the only objective over the past years was to artificially get to a $500m market cap so they could cash in on getting issued their KPI shares.. and anyone that has come in and called them out on it has been given the boot or left/leaving as a result. Now we are in the situation of raising capital just to stay afloat… any significant funding DOE etc is at least 12 months away and no guarantee..in the interim we will only survive if more capital raising is successful which will dilute all even more.. No revenues and no credible reporting .. it’s all smoke and mirrors..

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so they wanted to meet their KPI for performance shares in the same company that they then didn’t sell a single share??

for your theory, wouldn’t they need to also sell these KPI shares to monetise their scheme?

MNS Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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