MNS - Magnis Energy Technologies

[Sean K]

@Sean K so with a history like this what will the penalty be, a slap on the wrist or sometime akin to a pile of granite rocks and a sledge hammer????

We often hear about the nimble potential of Australian companies.
Unfortunately, its eems that there are just as many nimble get rich/lose money schemes in Oz Tecnology.
This seems particularly so in the alternative energy secto.
Fresh on the heels of the failure of EV Charger manufactruer, Tritum, Refflow Batteries going into Administration, we now hear that Magnis is in severe trouble.
from Evil Murdoch Press
View attachment 185962
So far, no batteries have been made.
Does not look like it will still be around next year.
Mick

This has been a slow moving train wreck and ASIC needs to get to the bottom of it. People should be jailed.

 

[mullokintyre]

We often hear about the nimble potential of Australian companies.
Unfortunately, its eems that there are just as many nimble get rich/lose money schemes in Oz Tecnology.
This seems particularly so in the alternative energy secto.
Fresh on the heels of the failure of EV Charger manufactruer, Tritum, Refflow Batteries going into Administration, we now hear that Magnis is in severe trouble.
from Evil Murdoch Press
View attachment 185962
So far, no batteries have been made.
Does not look like it will still be around next year.
Mick

And you can add the drone maker swoop Aero to the list of recent hi tech companies going into administration.
I for one won't miss them , as they had a danger area for Pilots near my old farm strips.
Mick