MNS 0.00% 4.2¢ magnis energy technologies ltd

IMHO the objective of the announcement has been acheived which...

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    IMHO the objective of the announcement has been acheived which is to placate nervous holders and stop the masses ringing the company. Reality is it was a very unprofessional announcement that made no accountable commitments. If the company was truly serious and professional about answering the concerns raised by the article they would have walked through step by step each point raised in the article and confirmed their interpretation of the points and have sought clarity from the Tanz gov't on their interpretation. Now if it takes a while as it probably would to get that confirmation from the gov't then they could simply state that they are seeking confirmation and that response will be provided to the market in due course. Instead we get wishy washy I believe type statements that commit to nothing and are nothing more than interpretations that may be wrong that are completely unaccountable, as they can walk away from them and say they just got it wrong if ever called to account later.
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