MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Half Yearly Report and Accounts, page-17

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  1. 9,332 Posts.
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    Hi Slogger, why would MNS need to loan anyone funds for those type of things, don't the relevant companies have their own funds to progress their projects? Would seem a bit dire if they are relying on short term loans from MNS for a few hundred thousand? Supposed to be building Giga factories and can't come up with a couple hundred grand? That doesn't seem right, hopefully the loan issued is for something else, but I genuinely can't think of what they would be lending shareholders money for on a short term basis.

    Perhaps if someone is calling the company they could ask on my behalf.

    Thanks for your thoughts, as I say I am a bit perplexed by this loan issued and its purpose.
 
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