MNS magnis energy technologies ltd
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Ann: Magnis Secures A$20 Million in Funding from US Institutions, page-26

  1. Catch2200
    1,202 Posts.
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    03/08/21
    10:13
    Post #: 54983863
    Not a bad deal for the "investors" hey!?

    They get an equivalent of ~$4.2M interest (today's SP) returned on a $20M loan over 18 months. That's equivalent to a 25% interest rate on a monthly compounding / monthly payback basis. Highway robbery.

    The company gets access to more capital, but don't forget the have to pay back the loan in full in 18 months. Throw it on the pile with the other loan I guess.
    MNS Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 2  Great analysis
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