MNS magnis energy technologies ltd

Ann: Appendix 3B, page-2

  1. 3,286 Posts.
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    Per the annual report, MNS had 6 staff at 30th June and 7 directors (why so many!).

    Per the last 4c, they are expecting to spend 500k per month.....what are all these people doing when there has been literally nothing happening for over a year (IM3NY on hold, Nachu in limbo, IM3TW had a feasibility study done by 3rd party).

    If the price falls to ~14c, this arrangement with Negma does not even cover their seeming inflated expenses.

    Serious question, with no money (apart from paying mgmt & board wages/fees for doing ??) where from here?
 
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