Ann: Quarterly Activities Report, page-9

These quarterlies look like they have been put together by a primary school kid, the lack of detail and professionalism is clearly evident. The Gutnick's show so much contempt for shareholders, it has been the case in their other ventures.

No doubt they are deliberately trying to drive down the price here to convert their convertible notes as low as possible, scoop up as much control of the company and flush out small fish. Lets hope ASX and ASIC can investigate the dodgy loans and the flow of money. What we are lacking here is a group of large shareholders with enough voting power to force change at the top.

If Merlin had even $4,000,000 returned from the outstanding AXIS loan the company would be going into 2019 with a lot to look forward to & sufficient funds to cover wet season. Instead shareholders are being held hostage by all the insider convertible loans and shuffling of funds between the Gutnicks (which is all shareholder money to start with).