MNS - Magnis Energy Technologies

[Sean K]

25cents on its way?????????.

Needs to hold at .27 or I think it's got further than that to go. ?

 

[uniden]

Looks like 27cents is gone, the big holders must now be wondering how they got this one so wrong.

 

[uniden]

Its all over for the burnt big holders.

 

[Sean K]

Went into a trading halt several days ago for a capital raise, then suspended because there was a hiccup and now they're re-re-suspending to finalise the transaction. Wouldn't you have all the ducks lined up before actually announcing you were doing a capital raise? ?

 

[uniden]

Wouldn't you have all the ducks lined up before actually announcing you were doing a capital raise? ?

They don't have any ducks, its all over.

 

[Dona Ferentes]

On Tuesday, the securities regulator ASIC joined the ASX Pump Organisation channel in its name as the market opened at 10am AEDT to warn its 400 odd members against trying to pump the price of penny stock Magnis Energy Technologies higher.

“We’re monitoring this channel, and we may be investigating you. Remember – you run the risk of a criminal record, including fines and prison time by being involved in pump-and-dump campaigns,” ASIC warned.

“We can see all trades and have access to trader identities. We can identify underlying clients and networks of connected parties, and can also analyse trading patterns.”

The group’s organisers again responded by abusing ASIC and deleting its warnings.

“ASIC, if you are busy watching over 400 little traders buying up a stock together then you are pathetic. Go for the big funds that manipulate stocks on a daily basis,” read a message from the group’s administrator. “Scum of the earth. Let the riot begin.”

Another group member, identifying as AG, posted a screenshot showing Magnis Energy’s rising share price and unusually large trade volumes on the Commsec trading app often favoured by retail investors.

Other group members heeded the warning and left the channel. The attempt to pump Magnis’ shares fell flat after it opened 1.5¢, or 4.1 per cent, higher at 38¢, before drifting lower through the trading day to close at 36.5¢.

A total of 13.17 million shares were traded on a value of about $4.9 million, which is within historical ranges of daily volumes. On Wednesday, the stock sold for 37¢.
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...... wonder if we'll hear from uniden?

 

[uniden]

On Tuesday, the securities regulator ASIC joined the ASX Pump Organisation channel in its name as the market opened at 10am AEDT to warn its 400 odd members against trying to pump the price of penny stock Magnis Energy Technologies higher.



The group’s organisers again responded by abusing ASIC and deleting its warnings.



Another group member, identifying as AG, posted a screenshot showing Magnis Energy’s rising share price and unusually large trade volumes on the Commsec trading app often favoured by retail investors.

Other group members heeded the warning and left the channel. The attempt to pump Magnis’ shares fell flat after it opened 1.5¢, or 4.1 per cent, higher at 38¢, before drifting lower through the trading day to close at 36.5¢.

A total of 13.17 million shares were traded on a value of about $4.9 million, which is within historical ranges of daily volumes. On Wednesday, the stock sold for 37¢.
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...... wonder if we'll hear from uniden?

 

[uniden]

Would love to see the two big pumpers (burnt holders) pulled in to line.

 

[greggles]

MNS up another 10% today. 30c to over 50c in a month isn't something to sneeze at. The market cap is around $425 million right now, which is huge for a company with no revenue to all.

Everything seems to be rising on the M3NY Lithium-ion Battery Plant in New York which is expected to commence semi-automated production in the current quarter.

A lot of strong feelings about this company. It will be interesting to see how things play out in the coming months.

 

[Enna]

Look out for when they get the Oppies over the line, it will crash.

 

[Joe Blow]

@uniden and @Enna share the same IP address and almost identical email addresses. Both accounts have now been terminated.

 

[Sean K]

This company is fun to watch. In the news consistently for all the wrong reasons. Today's chuckle is that they've had to remove references in their presentation regarding the value of their company that could be "up to $10b"..... lol

 

[Sean K]

These guys just can't stay out of the news...

The Australian definitely has a thing for MNS...

 

[Dona Ferentes]

These guys just can't stay out of the news...

If you are going to post that, then the rebuttal should also be included

Magnis Energy Technologies Ltd (ASX: MNS) (the Company) refers to The Australian newspaper which has today published an article concerning the company and some of its directors under the Headline: “Magnis Energy hooked up with alleged on the run drug boss Hakan Arif”. The article asserted that Magnis was involved “in some sort of arrangement” with Mr Arif and had “engaged” him.

Each of these assertions in the article and the headline is false.

Magnis has retained Queen’s Counsel and senior lawyers to represent it in proceedings arising from the assertions and imputations in this article and from recent defamatory articles including from the same author and newspaper and will bring proceedings against any republication of these false assertions.

Magnis has never had any engagement with Mr Arif and has never made any payment to him.

 

[Sean K]

If you are going to post that, then the rebuttal should also be included

will bring proceedings against any republication of these false assertions.

Geeesh. Guess I better delete it.

 

[Dona Ferentes]

will bring proceedings against any republication of these false assertions.

Geeesh. Guess I better delete it.

Earning Brownie points, reading to the end of article (is there an emoji for that?).

 

[Sean K]

David Ross from The Australia has definitely got a ting for MNS and their Chair. He smells something...

 

[Country Lad]

This company is fun to watch. In the news consistently for all the wrong reasons. Today's chuckle is that they've had to remove references in their presentation regarding the value of their company that could be "up to $10b"..... lol

and now the announcement that has it up 13%.

• Exciting initial results in Extra Fast Charging (EFC) battery program with 7Ah (Amp hour) commercial cells using C4V’s patented BMLMP Technology
• Current results show no capacity loss after 250 cycles with 15 min charge and variable discharge rates
• Previous Fast Charging (FC) program concluded with significant results after more than 6,000 cycles • EFC and FC expected to have a major impact on the transportation industry
• New York State Energy Research & Development Authority (NYSERDA) EFC Bus Program Progressing Magnis Energy Technologies Limited (“Magnis”, or the “Company”) (ASX: MNS; OTCQX: MNSEF) is very pleased to announce significant results from the EFC battery program achieved using 7Ah commercial cells. The cells are developed using BMLMP technology by Magnis’ partner, Charge CCCV, LLC. (“C4V”). Magnis has a 9.65% stake in C4V.

 

[Sean K]

and now the announcement that has it up 13%.

I wonder what David Ross will come up with next?

(Didn't a journalist named David Ross get shot by an asset in a Borne film?)

 

[Dona Ferentes]

Magnis isn't letting go

Magnis Technologies has lodged a federal court application demanding penny stock message board HotCopper disclose the identity of 15 anonymous posters it believes disparaged the company. The 22 July application against HotCopper operator Report Card Pty Ltd seeks an order to force HotCopper to disclose the full name and address of each poster in addition to email addresses, any internet protocol (IP) address, the internet service provider, and any social media accounts linked to the HotCopper accounts.....