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4.2¢ magnis energy technologies ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-150

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Doublejay

1,348 Posts.

127

14/02/24

21:45

Post #: 72411424
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Originally posted by Cosmoterios: ↑

If you were the potential investor/s, you would have to fork out the "first" $5M, as a giveaway - as it will be used to pay off the $4.6M plus $460k in interest.

Then you have to consider the people you are entrusting your money with: would you fork out millions to these managers to manage your investment, after knowing what had happened to IM3NY?

And on top of that, you have to consider the potential Class Actions against the company!!! If the company loses in those Class Actions, you the investor, will likely lose all your money!!!

So why would you do that, when you could just purchase the whole thing (Graphite asset) from the liquidator for less than a few millions?!?

And then appoint your own managers!!!

You get clear title of the Graphite asset, and no legacy issues (class actions).

IMHO, this company is gone.

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plus knowing the first 2 mill
ismfor loan repayments. The rest is to pull a rabbit out the hat. Run rabbit run rabbit run run run

MNS Price at posting: 4.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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