Yes I did see the loans . I would say maybe it 's a party that wants to stay at arms length .Is it the loan or the fact you are unable to put face to it.. Yes it's most likely a second or third party or an mate how thinks these life in the old yet. loaning through that consultant. Someone or group believes in MED Joe Gutnick and the Family and the shareholders If that what it takes to get their hands on $13,8mil money loaned that way. I personally have no problem with that. If they need more money they have to go back to the share holders or a bank .The problem is the biggest share holder could have to much invested. or to many eggs in one bracket . May be the top 20 share holders don't want The high standard Moral banks in Australia to own them . Are you worried about MED and the top 20 share holder base becomes to tightly held. I would have a problem with that too and so would a number of small share holders . . If they are showing the loans in there books. Yes some one will have be paid back . I had about forty odd years in business. There where times I had to go to the PAWN BROKER and did not want every one to know ." I had a holding company's and a trust. You do what ever you can to stay in business. Within the LAW But if that's what it takes keep a business going you do it ". The Australian banks really don't like mining .or any young businesses. Fall Stop . Banks see Compassion as weakness. Being egger to loan to a start up or a small company even one listed on the ASX .is a last resort " Bankers". I like many Australians hold them in lowest regard . If you lucky enough to get a business loan from them. They want your house ,then lower the value of it .Look down their nose at your Business , your life, and future . Ask a farmer . OK It's most likely that the body making the loan to MED could end up an investor and good on them for having the courage to give MED a go. . Australian Bank just Hate doing that.
MED Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
