Magnis’s big buyer has no revenueAn Indian company that Magnis...

Magnis’s big buyer has no revenue

An Indian company that Magnis Energy says will buy $56m of its batteries has reported no revenues or expenses in the year ending March 2021, documents show.

not good news ! the whole business model is complicated , Magnis own 63% of iM3 who in turn own 10% of C4 all run by Indians , who are selling to a Indian co. with no revenue, WTF is going on ,the battery has no Nickle or Cobalt must as cheap as chips to produce , with FA power or life ,love to see how this all plays out
the only real play is Nachu the rest to me is pie in the sky