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.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.- 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
- Forums
- ASX - By Stock
- Ann: Magnis Makes Strategic Investment in US Group C4V
Maybe you should read the article you posted a little more...
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