MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Response to ASX Appendix 5B Query, page-40

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    Cornerstone investor or going to market...

    Either way it will need to be a capital raise

    Let’s face it, no point in bringing in a cornerstone investor in exchange for % of their company or a % of a JV or in exchange for their IP or services. Cornerstone investor will have to part with cash to allow MNS to keep the lights on in 6 weeks (arguably sooner if suppliers start demanding COD in light of limited cash reserves).
 
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