The AGM is being asked to approve the issue of $2.5 million of convertible notes to a Gutnick family company Edensor Holding ATF Prolific Enterprises Trust.
I wonder whether MED would have needed the money if they had not already made a c.$15 million unsecured loan to another in-house company AXIS.
MED shareholders will pay 10% interest to the Gutnick family company .
That's a very lavish rate if you can get it.
I wonder whether the AGM will agree. Might there be more questions from the ASX?
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
