MNS 0.00% 4.2¢ magnis energy technologies ltd

Maybe you should read the article you posted a little more...

  1. 3,179 Posts.
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    Maybe you should read the article you posted a little more carefully.

    Admittedly Frank has said shareholder in the notice, however everywhere else says stakeholder

    stakeholder
    ˈsteɪkhəʊldə/
    noun
    1. 1.
      (in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
    2. 2.
      a person with an interest or concern in something, especially a business

    "Though good to see existing Charge CCCV LLC members receiving upfront cash payment of US$2M from MNS. Wonder if they will buy equipment, shares in MNS or just keep the money? "

    From your article:
    "Details of the Agreement

    Under the terms of the Agreement, Magnis will acquire a 10% stake in C4V for a total of US$7.5 million, comprising
    an upfront consideration of US$2 million, US$2.5 million in fully paid ordinary shares in Magnis and a further $3
    million cash payment to be paid within the next 12 months.
    The number of ordinary shares in Magnis that will be provided to C4V will be 6,940,544. This calculation was based
    on the VWAP (Volume Weighted Average Price) for the past 15 trading days as at close of trade 28 March 2018 and
    using an exchange rate of one AUD equalling USD 0.7694. The ordinary shares will be issued within 15 days of
    today’s announcement.

    The Company will appoint one representative to the Board of Directors of C4V and has also secured a first right of
    refusal for any future capital raising initiatives that C4V undertake.

    Further to the agreement, Magnis will also have an exclusive agreement for 5 years over selected C4V patents, which will expand the Company’s materials
    technologies in the rapidly growing lithium-ion Battery sector.

    Recognising the tremendous future demand for electric vehicles and energy storage, and with significant new
    opportunities in multiple regions, Magnis and C4V will co-share respective intellectual properties and expertise in
    pursuit of select projects to drive shareholder value.

    And as for the people who thought you had great analysis????

    I second the yawn
 
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