ASX will want to see at least 1 new independent director...

ASX will want to see at least 1 new independent director appointed.  Arrangement in writing between AXIS and MED to address the debt balance. 

Currently the ASX need to cut to the chase instead of all their mumbo jumbo reiterating the same thing over and over in a merry go round letter-thon.  

It's clear the arms’ length nature of the loans is very cloudy/dodgy and directors at the time bent rules regarding their legal and equitable duties.  ASIC will take care of slapping directors over the wrist and Merlin management should be acting in shareholders best interests for once and put together a detailed proposal to finally appease the ASX pen pushers.