Ann: Suspension from Official Quotation, page-129

Lender has not got the full story. Only Shailesh story. Once lender has full story he will quickly migrate to Magnis. C4V technology has failed at commercialization. Even after 1 year of trying still a failure.

How much wasted time and money has gone into making these dud batteries. 90% failure rate are the figures that are are being mentioned. Maybe the 10% that got passed went to Tanzania village. Why would lender back this technology.
I was privy to a phone call where Shailesh was put on the spot just a few months ago and asked by a large shareholder if he was 100% with Magnis. He said he would be nowhere without Magnis and 100% behind Magnis. Now because he has failed And can’t turn it around and it’s crunch time he has proven to be the snake many thought he would be.
Don’t forget the 300 batteries a day in December came from him and his battery team in NY. Just like all the other figures they have given FP. Well they should be put out 4500 cells by now. I suppose the question should have been asked. Is that total batteries including failures or just the ones that work?