Sounds like Imp3 'global' consortium has collapsed judging by...

Sounds like Imp3 'global' consortium has collapsed judging by auditor in Fridays half yearly accounts:

https://hotcopper.com.au/posts/43484530/single
"Subsequent to the period end, Magnis executed a Dissolution of Partnership Agreement between the Imperium3 Consortium members being Magnis Energy Technologies Limited (Magnis, Charge CCCV LLC (C4V, Boston Energy and Innovation Pty Ltd (BEI and Imperium3 Pty Limited (iM3 The Agreement terminates all rights and responsibilities of the consortium members including payments for exclusive license of C4V chemistry for use by iM3 projects. Whilst separate licencing agreements are to be executed between C4V and each of the iM3 projects subject to ongoing negotiation, the cancellation of rights to receive royalty income from the projects has resulted in a reduction in the carrying value of Magnis’ investment in C4V. Detailed explanation is outlined under Note 19."

C4V loan has defaulted and MNS stopped paying Upreti's $375K/quarter licensing fee.
So MNS no longer have exclusive rights to the bone battery with rights for each plant yet to be negotiated.




Frank's announcement today appears to view this state of affairs as pleasing though no mention of  partnership dissolution or non-exclusivity on battery tech.
Guess not worth mentioning.