MNS 0.00% 4.2¢ magnis energy technologies ltd

Nonsense wiz? Please explain what nonsense are you talking...

  1. 4,239 Posts.
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    Nonsense wiz? Please explain what nonsense are you talking about?
    The undisclosed failure of IM3NY batteries that insiders have posted knowing about before mid year?
    The undisclosed debt funding to shareholders in December?
    The undisclosed use of securities over all company assets for that debt funding wiz? You do realise management should have put that sort of deal to shareholders for approval wiz, imagine a BHP taking out a $7Bill debt and putting up all shareholders assets as security when some of that debt was with BHP board! Imagine something like that wiz! It’s unimaginable wiz,,,,but then,,, oh dear wiz!
    Well there is good news wiz, what occurred was probably against corporate law, and the BOD that signed off is now most likely liable so there’s that silver lining. You know wiz a board can’t just use a company as its own little piggy bank.
    Looks like it will all be wound back most likely if as suspected the company was insolvent at the time. Do you think it was insolvent wiz, they needed $4.6 mill very late in December to pay bills so every chance, but go ahead pray tell wiz what nonsense are you referring too!
 
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