MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-9

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  1. 7,562 Posts.
    lightbulb Created with Sketch. 705
    "Cornerstone investment has clearly fallen through" - please provide evidence to substantiate this comment.

    may be just a delay in getting paperwork in order? the ANN did not imply or even suggest that the cornerstone has fallen through.

    IMO obviously going to be a delay with any discussions and they need to get funds in to keep cash balance up - which may suggest that finance/investor discussions may extend well into September?

    but yes - am expecting SP to be tested on opening as IMO the buying may well have been in anticipation of the expected finance ANN.)
 
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