MED 0.00% 0.6¢ merlin diamonds limited

I have read the AGM agenda. The AGM is being asked to approve...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,583 Posts.
    lightbulb Created with Sketch. 41
    I have read the AGM agenda.

    The AGM is being asked to approve the issue of $2.5 million of convertible notes to a Gutnick family company Edensor Holding ATF Prolific Enterprises Trust.

    I wonder whether MED would have needed the money if they had not already made a c.$15 million unsecured loan to another in-house company AXIS.

    MED shareholders will pay 10% interest to the Gutnick family company .

    That's a very lavish rate if you can get it.

    I wonder whether the AGM will agree. Might there be more questions from the ASX?
 
watchlist Created with Sketch. Add MED (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.