Agreed - MEA is not a stock of liquid value for Margin Lending purposes
John McGrath's Loan looks legit based Oz reference document (https://www.theaustralian.com.au/bu...e/news-story/3db0def8ab916a41a158ad37a8c30594).
Though suspect it's "old news" and now a redundant agreement.
If true, the size of JM's bookie debts are of greater concern, given its an alleged real debt of substance