I suspect some of the money has been used to actually...

I suspect some of the money has been used to actually participate in CR's and therefore maintain their (Gutnick family) majority shareholding. Which is quite absurd if true. But if any of the current practices are legal, then at the very least they are unethical. Perhaps we can hope the assumed ASX questioning does bring the situation to head, and MED is given a new lease of life under new management (but we will all take a big hit in the process).  

Then again, they might soon announcement a 100ct pink diamond and we will all be distracted for another 12 months!!!