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4.2¢ magnis energy technologies ltd

he is on the board of C4V and im3ny. The ASIC case is very...

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oilman01

5,664 Posts.

450

02/05/24

10:10

Post #: 73624025
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Originally posted by Slogger: ↑

missing the point - it should not have got that far given what magnis directors knew at that time and probably beforehand as well.

upretti may have misled them BUT officeholders should have been in a position to investigate/review/dissect what he was telling them.

even if go to NYC to inspect the factory!!!

OH and what about the bull about the lodgement of the DOE application - there was a bit of confusion about when and if that was lodged. No wonder this matter was made opaque and confusing to SH's.

was lodged and expecting response - oops lodgement occurring now and won't be long for response - oops wheres it at

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he is on the board of C4V and im3ny. The ASIC case is very clear: you failed your duty to look after shareholders. There are always issues small or big. BHP got big issue in Brazil costing shareholders billions but they did work on it and shareholders knew about it for example.

The next question is who benefits from your failure to let shareholders know. The share price would drop like a stone in Jan 2023 or gradually drop making no different to shareholders. Who has the time to sell?

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