Seems NY finance has collapsed, though sounded done deal when...

Seems NY finance has collapsed, though sounded done deal when announced by Investor Relations:
March 18, 2019 - US$52M Term Sheet Signed for New York Battery Plant
"Project financing expected to close with funds to be received within 50 days"

200 days on from NY funding debacle Annual Report states:
"Final debt finance documents have since been received for the debt finance, however these required further changes and clarification before any progression on the offer could be made. At this present time, no further progress on this offer has been made."

Almost 3 months to the day after NY funding announcement in March, Investor Relations parted company as described in Annual Report:
"Travis Peluso’s position as Investor Relations - Director was made redundant on 20 June 2019...
The agreement and the employment created by it may be terminated by either Magnis Energy Technologies Limited or Mr Peluso giving the other party 3 month’ notice"

Wonder if we'll get a similar countdown for $3Bn Townsville Gigadream™ funding?

Meanwhile Magnis kept afloat by Negma buying $700K/month in discounted shares.  Seems MNS must 'gift' Negma $400K in shares as 'commitment fee' which equates to 20% discount for first 4 tranches.

Interesting to see how sp performs in next 4 months in comparison to Negma's other customer.
Negma's conversion notices with Novacyt began with sp €0.188 in April 2019
https://novacyt.com/2019/05/03/conversion-of-loan-notes/

Latest note converted in Sept 2019 with sp halved at €0.0725
https://novacyt.com/2019/09/25/conversion-of-loan-notes-22/