MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Half Yearly Report and Accounts, page-4

  1. 27 Posts.
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    Whenever the accountant’s report includes language about doubts that the business is a going concern, it effectively says your equity interest is worth zero. Look for the finance raise to give current stockholders at least a 50% haircut.
 
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