Originally posted by Worksburger
So Siemens are doing all this unpaid work in hope of Magnis getting up and running with the gigafactories so they can then get paid. Well it seems like Siemens knows a hell of a lot more than you.
Also if Siemens are paying all their people who are working on the machinery in NY as stated by Magnis these people would be getting paid by Siemens. This means Siemens are committing funds to the venture and your statement is flawed. In case you forgot the machinery belongs to the consortium which Magnis owns a large chunk of.
Not to mention that cash won't come directly from MNS but will come from an Investor in return for a portion of the project (as negotiated by other consortium members).
Of course MNS has already confirmed that many (large) parties are interested to inject capital and not just to establish the 1 gwh factory but also subsequent expansion.
Anfo conveniently leaves all information out so he can muddy the waters. There is no point debating people who don't / won't listen to factual statements.
I'm not here to convert the non believers.... simply posted my notes from the AGM for the benefit of holders who couldn't make it.
I'll make one qualification. Those notes are just a summary... There is more detail and of course many holders present had private discussions on various items but that's just hearsay so no mention of that here.
Let's just give MNS some time and see what happens.
Best of luck all holders... especially the LT's.
K
(20min delay)
