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Why Did Magnis Energy Technologies Decide to Deconsolidate Its Subsidiaries? — ASX:MNS| ASX Mining News & Discussion
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$MNS Why Did Magnis Energy Technologies Decide to Deconsolidate Its Subsidiaries?
Magnis Energy Technologies: Strategic Shifts and Market Updates

Magnis Energy Technologies Ltd (ASX: MNS; OTC: MNSEF; FSE: U1P), a key player in the lithium-ion battery technology sector, has announced significant updates affecting its business structure and contractual relationships. These changes mark a strategic pivot for the company in response to recent developments.

Deconsolidation of Subsidiaries: A Financial Reassessment

Magnis has informed the market of a potential deconsolidation of its subsidiaries, iM3NY LLC and Imperium 3 New York Inc, following the resignation of appointed directors to the board of managers. After discussions with auditors, Hall Chadwick, the company will no longer treat these entities as subsidiaries in its financial reports. This move is expected to positively impact Magnis’ reported financial position, subject to the finalization of the half-year financial report.

Lapsed Sales Agreements: Reevaluating Market Position

Previously, Magnis announced three Renewed Agreements for cell purchases from the factory, with Sukh Energy, Martac, and EGYAI, valued at ...
Why Did Magnis Energy Technologies Decide to Deconsolidate Its Subsidiaries?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?