MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Shareholder Update, page-56

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  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    ASIC seem to have a lot of details.

    If true, there would be a lot of shareholders and companies lining up on Class Action.

    18 months is a long time.

    At the time, we were getting updates like 40% finished at this stage, and then next month, about 50% completed, etc etc etc.

    This looks like a terrible outcome for shareholders, companies and lenders (if proven), who forked out lots of $$$$$$ for the company.

    In light of the above, I believe the Corporate Veil will be lifted by the court.
 
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