Surely if this were a scam there would be more CR than has been....

Surely if this were a scam there would be more CR than has been. Directors would have been selling shares rather than accumulating.
According to previous announcements there are a number of things that we can expect over the next few weeks.

"The Company has been finalising the supply of two kilograms of TiO2 anode material to meet the requirement of a new, potential customer that has expressed significant interest in UTR’s TiO2 solution. Delivery of the TiO2 anode material is scheduled in the next 4-6 weeks."

"Ongoing work to finalise the first battery pack for testing in Blitz Motors’ scooters, which is scheduled for completion by the end of December"

“During the December 2018 Quarter, shareholders can look forward to a number of investment catalysts, including new EV battery sales for the two-wheel and three-wheel market.”

If all is at it should be the next several weeks should be littered with announcements.
We'll see....