MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Response to ASX Query Letter, page-10

  1. 1,836 Posts.
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    To get back any credibility MNS need to fully document detailed information on the c4v batteries and why they are a good investment (performance, cost of raw materials etc). (imo)
    They need to outline a plan to get themselves out of the money sink in NY where they are paying to store 5 million dollars worth of idle equipment (perhaps a plan to sell it). (imo)
    Tanzania has elections in Sept/Oct this year. MNS need to outline some kind of approach on what happens after that.(imo)
    Townsville is and always was a joke (imo).
    A series of mistakes (hubris) has led MNS to this place. Planning and documenting how to get out of the hole and being honest and practical is all they've got left. (imo)
 
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