Ann: EcoGraf International Patent, page-5

Hold-up would be because of this.. I'd guess.

As previously reported (refer ASX release 2 October 2018, Research and Development) Kibaran is engaging withthe Australian Taxation Office (“ATO”) and AusIndustry in relation to its research and development programs. Areport detailing eligible expenditures incurred on experimental activity during the year ended 30 June 2017 hasbeen provided to the ATO. The programs in question comprised cutting-edge ‘clean’ and ‘green’ graphiteprocessing technology experimentation conducted in collaboration with industry leading expertise, includingAustralia’s Commonwealth Scientific and Industrial Research Organisation (“CSIRO”) and led to a break-throughnon-hydrofluoric acid purification process over which a patent application was first lodged in 2017.

Pretty vague tbh.. The programs with CSIRO would not have cost near $2.8 million to find 'clean' and 'green' graphite tech when another company I know of did it for less than probably 10% of what it supposedly cost KNL.

Good luck
IMO DYOR

#RunFarFarAway