Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

Click for more information

0.00%

4.2¢ magnis energy technologies ltd

Magnis Signs a Binding Memorandum of Understanding (MOU) with BATTEROTECH, page-89

First 89 Last

Share
Profile

Follow
Tekvest

7,867 Posts.

1009

12/04/24

20:04

Post #: 73323042
Share

Originally posted by pe981: ↑

This is not intended as advice and I haven't had any dealings with company securities for a long time, however I seem to recall that there may be an issue for the security to become enforceable if the company goes into Administration within 6 months of its registration.
Obviously this is part of Corporations law and no doubt there are many whys and wherefore art thous attached to the rules however it may be why any lender would want to ensure the Company survives at least for 6 months after the security taken (registered)
Perhaps another twist to the never ending saga but I am sure the sophisticated consortium would not wish to end up as unsecured creditors.........

Expand

I think you are right. A Charge cannot be properly exercised within 6 months. If their strategy is as suspected, they won't do anything before 6 June

MNS Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

There are more pages in this discussion • 15 more messages in this thread...

First 89 Last

Add MNS (ASX) to my watchlist

SPONSORED BY