MNS 0.00% 4.2¢ magnis energy technologies ltd

Townsville meet IM3, page-18

  1. 2,013 Posts.
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    You do realise that the 5:1 investment ratio they speak of is what is planned for the project?

    "To "Unlock" said funds I think you will find that the consortium will have to kick in substantial investment themselves at a ratio of around 5:1 as explained in the NY upstate revitalisation initiative;"

    They are not saying you need the money to be committed and in your account before they will issue you grant money etc as you are suggesting.
 
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