MNS magnis energy technologies ltd

Ann: Response to ASX Query Letter, page-9

  1. 19,072 Posts.
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    The parent should have a lot of Substantial Assets, if it owns those Substantial Subsidiaries, which should hold substantial value.

    Its like holding 1,000 shares of MNS, which is worth $300 today versus holding 1,000 shares of BHP which is worth $3,652 - ie. 10 times more.

    Now, BHP has Substantial Assets because all of its Subsidiaries are earning Substantial revenue.
    Last edited by Cosmoterios: 06/10/21
 
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