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4.2¢ magnis energy technologies ltd

Ann: Shareholder Update, page-40

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TopSahara

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23/01/24

08:43

Post #: 72013438
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Originally posted by zillarace: ↑

Your guess is as good as my guess but I’ll say the board all need to resign.

I don’t think a class action will achieve anything for shareholders just make rich lawyers richer.

Board to be sacked or resign they tried but failed, since all this happened under their nose they all need to go.

bring in new board that is also willing to put in their own money and invest in the company and focus on Nachu and AAM (still has binding offtake with Tesla?)

No one will finance nachu with current board especially after this Im3 shocker.

Only hope is new board with big investment in the company like Frank did (at least he did put up lots of own investment in the company ) so hopefully a new board can do the same and focus on Nachu and AAM. ( still very hard task but only thing it can do and try recover the share price long term)

Unless they pull a rabbit out of the bag not sure.

IM3 still need answer where they spent all that loan money and all the money MNS gave them.

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You say look what Frank invested in the company, Mate, look what the company paid him every year.

MNS Price at posting: 4.2¢ Sentiment: Sell Disclosure: Not Held
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