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4.2¢ magnis energy technologies ltd

Ann: iM3NY Credit Facility Update, page-159

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Tekvest

7,292 Posts.

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26/03/24

10:26

Post #: 73058100
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Originally posted by zillarace: ↑

It’s absolutely shocking, the whole situation.

The lender of IM3 would be in control as they own the debt and whatever assets.

The interesting thing is start up’s is common to run out of capital or underestimate the capital required and the lender usually will provide further capital to get them out of the hole so for the lender to want out (if they do) it means they lost faith in im3 , C4V and mns.I don’t blame them.

If IM3 and C4V dropped the ball, mns should of been more cautious of who it got into business with or had more oversight of these two stakeholders and not provided further capital on mns shareholders expense.

.Hopefully mns can do something to try recoup shareholders money and value but I doubt it hard situation to get out of but just my opinion I would like to be proven wrong for shareholders sake.

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Nobody will come out of this

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