Ann: Magnis Financing Update for IM3NY, page-35

Yes, anything and everything is possible.

I would agree the current "financier" are desperate to get out. But not at any price. I am sure they would have commissioned a valuation on the plant - and they are probably fielding offers from left, right and centre.

The issue is NOT about the Financier, but about the state of MNS.

Nothing is more clearer on the state of MNS, than when they borrowed $4.6M, at interest rate of 5% per month.

That is the equivalent of 60% per year. That is NOT only unusual in Australia, its beyond belief.

Very few businesses could survive in that environment.

That is the state MNS is in.

And nothing alert the potential Lender/Investor more, than seeing the company paying 5% per month!!!