Shareholders must ask them to return the batteries and get money...

Shareholders must ask them to return the batteries and get money refunded. Simply, if no battery delivered to Nachu then it has to be refunded to shareholders. Every dollars count now.

My best guess is the company is unable to trade due to ASX requirements, the loan is unable to be paid with massive number of shares (massive dilution) then admin to be called in and the wealth transfer to begin.

For those who counts on the cell making hut, there is no chance in my opinion. Nobody would spend a dollar on that failed thing. They need to pay the creditor millions, they need to spend millions more to get the a new tech and they need to spend millions more to get it to work. This whole place has no chance to compete with giants in term of prices if it ever works.