MNS magnis energy technologies ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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    the $10m loan for working capital - guess officeholders can then pay outstanding fees to themselves and continue to do so going forward - to raise the big $'s i assume that a largish CR will be required in order to have any financier agreeable to fund a larger portion for whatever is on the table - mine at Tanz.

    But i can't see this wroking - who would want to particpate in a CR given the waste of funds in the past? - i guess officeholders didnt think they were wasted?.
 
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