MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-189

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  1. 10,979 Posts.
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    Hi Tony,

    It appears that you may have missed the new life recently given to these threads. We don't insult people here anymore - it's not OK to be rude to people. Play the ball, not the man.

    There's actually more important things going on than being insulting anyway.

    The MNS shareprice just dipped below the capital raising price. This is a pretty big red flag that the market is unimpressed with the second hand auction. The sophisticated investors will have a paper loss (or a realised loss) so soon after their investment.

    Albeit, there does not yet seem to be a 3B announcement formally recognising the issuance of the capital raising shares - Tony do you know whether the $5m has been received in cleared funds or whether there is deferred payment options available as part of the CR?

    From time to time I have seen capital raising situations where the investors ultimately pull out - hopefully this hasn't happened here. I am waiting with interested for the 3B announcement.
 
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