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4.2¢ magnis energy technologies ltd

Ann: 3rd Quarter Report & Appendix 5B, page-5

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Tekvest

10,608 Posts.

1276

30/04/24

10:23

Post #: 73576556
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Originally posted by Cosmoterios: ↑

The interest has gone up from 5% to 5.5%.

And looks like they borrowed another $218k. Was the company insolvent already???
How many batteries can you purchase from the MOU partner with $28k???

Won't be able to meet the annual costs of keeping the Graphite lease too.

With $28k left, it wouldn't be able to pay rent for the next quarter.

Or annual fees to be registered as a Public Company.

This company is gone.

Expand

Looks to be more gone than before, and the staff and corporate costs have been the major contributors. It appears to be properly gone and totally insolvent, whereas before it was gone and technically insolvent.

Last edited by Tekvest: 30/04/24

MNS Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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