Magnis buys $200 million of battery making equipment for $5 million, page-61

I don’t post here hoping anyone sells. I just like to correct some of the ridiculous claims the company tends to make. Today is a perfect example, even you have to admit that the way they sold this announcement was misleading at best. “$5 million for $200 million in equipment”... give me a break.

It’s fun to post here, you’re right. I’ve held companies in the past that have adopted identical sales tactics to convince shareholders of their supposedly grandiose achievements. Any company I’ve held with that sort of salesmanship has ended badly. I’m convinced that’s why you guys barely get a lift after your announcements. The market sees through it, just release the facts and let the cards fall where they may.

Do that, and there’s no debate to be had.