PeakTV - Magnis Interview, page-20

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RJayz

180 Posts.

122

08/05/21

07:18

Post #: 53032946
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Originally posted by Riskon22: ↑

With a SPAC, you merge with an already listed 'shell' company, of which there are many to choose from. One may have say $100m in the bank, 20 shareholders across 80m shares and no project. Another might have a half decent project, a larger register but no cash, so looking for someone with funds to merge with.

We would obviously choose the shell company that best suits our needs and put iM3NY into it (thank you Mona) - therefore, we may be bringing a project asset valued at $500m to the table. The existing 'shell' may have $100m in cash that they bring to the table. Shares and ownership would be distributed accordingly. Magnis may end up with:
- 50% ownership (via shares) in the 'new', revamped (can go for a name change) already NYSE listed company
- now be able to go to market in the US and raise capital to scale up to 3 or 5 GwH - MNS could participate in that CR to maintain our ownership or lose some of it
- have majority ownership in a NYSE listed company, of which many shares would be tightly held (MNS and C4V unlikely to sell what they own), with the remaining being bought and sold by US punters who actually get the worth of a battery producer and would likely pay true value for those shares (unlike dim witted dig and sell dirt AU punters)

Another way to look at it is, we would own part of a company (say 50%) that sells a product, employs staff and makes a profit. After all expenses are paid, that subsidiaries profit goes back into the company to help it grow/scale up or is distributed to its owners (in reality would be a bit of both) - so 50% of its profits come to Magnis to do with what we please i.e. plough our proceeds into Nachu or Townsville or even buy some of the NYSE companies shares on market.

As the merged NSYE company grows, Magnis' value would also grow according, as its value is reflected on our books. Is like if you have 50% ownership in Mary's Dry Cleaning business down the road - your wealth grows as the business grows because it's an asset of yours. You could borrow against that asset, sell some of it or just hold onto it. Point is, you become wealthier as the Dry Cleaning business you own grows - MNS's SP will always reflect the success of our iM3NY NYSE listed Dry Cleaning business, plus any other projects we have.

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thanks Ruskin and Hvhora, good explanations. If the NYSE listing brings a value of day 1billion and we own say 50% our market cap should raise to at least 500mil plus value of our other assets like Nachu, so a minimum share price of .60c...however if I’m correct, that’s what should occur, not 100% what will occur because to rise the share still is required to be traded by smart investors who pull it up to .60c plus...you could only hope that there’s enough savvy investors out there. Evidence is light on at this stage

MNS Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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