MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: iM3NY Credit Facility Update, page-4

  1. 2,723 Posts.
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    For current holders, MNS will come out of Trading Halt.

    However Australian lenders would be coombing over MNS books NOW in light of huge write down of IM3NY to come.

    IM3NY write down on MNS book will have a cascading effect on MNS Australian Loans..... This will have a domino effect.

    DYOR research in the likely case of MNS goes into administration there is a highly probable chnace the lenders will walk away with Nachu in lieu of cash.

    If the above senario plays out MNS will be in halt about a year and when it trades again MNS is looking at the barrel of sub half cent.

    For the eternal optimist a white knight might pump in $100m for about 5 billion new issued shares and $20m high interest credit facility for working capital..........
 
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