MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Trading Halt, page-38

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  1. 1,595 Posts.
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    Right but if you’re expecting that in this coming announcement you’re going to be disappointed IMO. This company never misses a chance to talk up its accomplishments. There’s no way they would’ve used “capital raising” in the TH ann if it was a scenario similar to what you described.

    That’s not to say a cornerstone investor isn’t coming, it might just be at a later date. I subscribe to the theory some of the SH’s posted today, that this will be a $5m raise to keep things going until negotiations materialize.
 
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