MNS 0.00% 4.2¢ magnis energy technologies ltd

Those Non-Executive Directors will be aware of their duties as...

  1. 18,522 Posts.
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    Those Non-Executive Directors will be aware of their duties as Director of a Public Company.

    I am sure they know the Laws on Insolvent Trading.

    New Debts could be:

    - New Interest charges on existing loan/s,

    - Class Action,

    - ASIC Legal Actions,

    - Legal fees defending the company,

    - Accounting, Tax and ASX fees,

    etc etc etc.

    IMHO, Class Action and ASIC Legal Actions could run into tens of Millions.

    I am sure Directors will be Cognizant of their duties as Director of a Public Company!!!
 
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