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04/08/21
07:47
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Originally posted by notlistening14:
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people are soooo dumb - this is completely incorrect and misleadingHow this raise works : - MNS has agreed to pay $1m interest in 18 months for $20m right now (5% or 3.33% per annum equivalent over life of the loan, which is peanuts) - MNS has received $20m right now, interest free, and not due for another 18 months... with the option of getting another $20m (if the investors agree) - huge! - super well connected US investors who can help promote the company and business In exchange for the above, the investors have only received: - the promise to be repaid $21m in 18 months by MNS. - the $21m is to be repaid by either cash+5% (peanuts) or shares, and if shares, the shares are to be issued at a 7.5% discount to the vwap - which is again, peanuts - options at 40c (for them to exercise at 40c, the share price would have to be 50c+ which is a 66% gain from current levels, think we'd all be happy above 50c and will mean another $8m in the kitty for MNS) This raise is NOT a "free 25% return at a minimum" like some lemons are saying - the shares they've been issued now are offset against the future shares MNS issues if they use shares to repay the debt! If this loan is repaid in cash/shares then the real cost to MNS will still be less than 10% - an absolute bargain for a company at its current stage of development and a ripper of a deal compared to what most others get I bought more, EV space is absolutely booming and MNS has a tiny market cap for what it has, staring down the barrel of a monster re-rate in the next 12 months IMO
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thanks notlistening - people need to be aware there are many on here that have alternative motives and will find anything to put doubt into retailers minds so they sell. Financial terms are an easy one to pick at as not many understand it - as soon as this was released I spoke to my finance broker who said it was a very cheap deal and he actually dumped $50K into the stock. Great work in correcting those downrampers and everyone should be doing their own research to understand.