MNS 0.00% 4.2¢ magnis energy technologies ltd

News: MNS UPDATE 1-Australian regulator sues Magnis Energy over US battery plant disclosure failures, page-33

  1. 18,440 Posts.
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    Something of further interest:

    Related Party Payments
    Payments to related parties (or their associates) of the Company were disclosed in section 6 of
    Appendix 5B for the Quarter. The payments for the Quarter comprise directors’ fees, consulting fees,
    fees for additional work performed by directors during the quarter over and above what would be
    covered normally by their normal director’s fees
    (these fees are within the pool approved by
    shareholders in 2017 where those fees are paid to non-executive directors) as well as payments
    made for services provided for specific projects by an associate of a related party.

    Yup, over and above what would be covered normally by their normal director's fees. Lol

    Additional Work??? What additional work would that be???

    The Battery plant hasn't been working?!?

    Maybe that was the Additional Work!!!

    A lot of questions from that quarterly. No doubt Liquidator will go through this.

    OMG. eek.png

    Sept Qtrly 2023.
    Last edited by Cosmoterios: 02/05/24
 
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