Ann: Trading Halt, page-8

I wonder if it is to do with the The US based venture who acquired Kinetx ?

From the last quarterly

ElsightLimited

Commercial Position on Kinetx Prime

Originally, the first quarter’s revenue was planned to be based on large order from Kinetx Prime (KP). Unfortunately, KP has had its own significant cash flow issues, and as a consequence,the Elsight Board made a decision not to fulfill the subsequent order given the non-receipt of the initial amount of approx.USD $600,000.
The Board of Elsight is aware of a proposal that, if concluded, will result in KP being acquired by a US-based venture. This firm is also aware of the debt owed to Elsight and has acknowledged that payment will be made should the transaction complete. Timing for completion is in the coming days. The Board will keep the market informed of future developments in relation to this issue.