My reading of the annual report is that MED paid AXIS money for...

My reading of the annual report is that MED paid AXIS money for services rendered.

On top of these payments for services rendered, MED made a massive loan to AXIS.

I would like to know why MED impoverished itself, so that it then needed to claw back money via convertible notes.

There is no guarantee that AXIS will pay back this loan in cash to MED. According to the annual report the loan can be paid back with AXIS shares. Yum-yum.

Meanwhile out at the mine - what?