This all looks a desperate effort to provision for a big haircut...

This all looks a desperate effort to provision for a big haircut on the "R&D" claim by the ATO, money that NTU has already drawn down via the commercial equivalent of a payday lender, which is on top of the same from Lind.

With the lack of production/sales ATO may well be questioning exactly what they are investing taxpayer funds into, and perhaps belatedly looking at the financial viability/benefit of this 3yr "pilot" project.

Three weeks into NY and no word on ATO payments, other than repayment to the lender has been pushed forward into next month, going to be a fascinating QR, bet it starts with a really glossy BEV, that runs almost exclusively on DyO.