MED 0.00% 0.6¢ merlin diamonds limited

Ann: Half Yearly Report and Accounts, page-8

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  1. 1,929 Posts.
    lightbulb Created with Sketch. 27
    yes, a worry indeed.

    "Included within other non-current receivables the Company has reported a loan receivable from AXIS Consultants Pty Ltd amounting to $12,813,523 (June 2017: $12,158,032) which has been fully provided for. We have been unable to obtain sufficient appropriate evidence in respect to the collectability or otherwise of this amount"

    This 12 mil needs to be returned and sooner rather than later. Shareholders may need to start pestering ASIC....
 
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Currently unlisted public company.

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