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4.2¢ magnis energy technologies ltd

Ann: Placement Raises $3 Million, page-25

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JDsyd

260 Posts.

9

12/02/16

11:02

Post #: 17003421
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Originally posted by HHanzo ↑

Don't tell me you only need $3m. The company is burning $900k per month, it's spelt out in the forecast expenditure in the quarterly. I'll break it down for you, that's $30,000 per day or $1250 an hour. Hopefully Dr Frank is a workaholic on these rates.

When you raised $4 mill at a $200 million market cap that was a joke.

The stock is now on the treadmill and perpetually cum-raise and will remain so until a proper off-take is done. You may have well entered a draw- down facility because that's what this is akin to.

Have a look at the market response, it's telling you this.

As for the graphite stock I own it's a complete shambles that we agree on.

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Last edited by JDsyd: 12/02/16

MNS Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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