If the Monash deal has fallen through , the company would be...

If the Monash deal has fallen through , the company would be obliged to announce that. There would be no call for a trading halt.
I prefer at this stage to take all the parties on face value as there is absolutely no evidence to the contrary , except the time it has taken.
My initial post is really looking at why it hasd taken so long,and if it is due to ECT, then questions need to be asked of those who are in charge of the capital raising. If it is due to Monash , as it appears no action been taken to find alternative funding partners, then we should again rightly question those in charge of the capital raising.
If it the delay is due to circumstances beyond either ECT and Monash control then we also need to ask why hasn't the market been informed of those reasons for delay.