MNS 0.00% 4.2¢ magnis energy technologies ltd

Or another cornerstone investor. I am happy with the money, a...

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  1. 880 Posts.
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    Or another cornerstone investor. I am happy with the money, a bit more wouldn't have hurt, slightly higher % ie. $15M at least. But ok, forms a funding base for ongoing activities, pushes out the need for SPP or additional partner, to late next year. Appreciate the support of their funds to the company.

    I am a bit disappointed Property Development Group, even with some size. Ok, there are the initial steps of having a customer, early adopter on a scaled trialing situation, which is where ALC fits. Possibility of hub distribution from battery blocks... Ok for the next 2 years. Time to get some runs on the board.

    I would have liked a company the ilk of Siemens on the board, with their distribution and reputation in the electronics industry.... maybe next time.
 
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