General Discussion Topics, page-8073

One of the dead rabbits that MNS pulled out is this one (red flag mentioned in the article). There are so many dead ones to count. Too disgusting.

https://www.marketindex.com.au/news/offtake-deal-for-magnis-energy

Paying for offtakes

A potential red flag in this deal is that Magnis, as a producer, is paying Traxys an upfront fee for the offtake agreement.

It is understood that Magnis will pay Traxys an upfront marketing fee of 700,000 ordinary shares and 1.3m options, exercisable on or before the 24-months after issue at 60 cents each.

The new shares and options will be subject to shareholder approval at the company’s next general meeting.

Traxys is incentivised to sign the deal, receiving an immediate benefit for a future deal that is still subject to multiple hurdles and precedents.