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4.2¢ magnis energy technologies ltd

where did all the money go? Where is the so called revenue from...

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Boomer66

146 Posts.

133

15/10/23

18:47

Post #: 70355002
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Originally posted by scalli: ↑

This is the auditors comment causing concern correct?

Material Uncertainty Related to Going Concern
We draw attention to Note 1 in the financial report, which indicates that the company incurred a net loss
of $72,717,606 during the year ended 30 June 2023 and net operating cash outflows of $58,684,323; as of that
date; As stated in Note 1 these events and conditions, along with other matters as set forth in Note 1, indicate that
a material uncertainty exists that may cast significant doubt about the company’s ability to continue as a going
concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the
normal course of business and at the amounts stated in the financial report. Our opinion is not modified in
respect of this matter.

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where did all the money go? Where is the so called revenue from batteries. They keep twitting they are making them.

MNS Price at posting: 7.4¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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