Ann: Responses to ASX Queries, page-25

Have a look at this week's announcements released by ASX.

The ASX specifically asked MED about the reason for the loan in their letter of 17th Oct that more generally grills MED. See ASX's question 2

MED, on 22 Oct, gave what I see as a rambling and unpersuasive answer to question 2.

ASX was obviously dissatisfied with the results of its grilling, because on 25th Oct ASX said it was keeping MED suspended, pending further queries. So it is a 'watch this space' waiting game now.

From the point of view of governance, MED and AXIS are like non-identical twins - the first a public company, the second a private company. They are separated only by the space between two desks in the same office, with the principals hot-desking between the two.