MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: New York Gigafactory Progress, page-19

  1. 4,437 Posts.
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    13 million in tax, labour and business concessions against hitting the start button several months ago where the plant was makes no sense at all, they will burn 13 million relocating it and delayed cash flows. I always said it was a great buy, not often the very business u want to start becomes available at about 5% of setup costs, it was really too good to be true and getting their new technology out quickly on this scale would have built a lot of credibility it the market, But it seems egos want to be in NY.
 
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