I am not very hysterical or excited, but I don't see the...

I am not very hysterical or excited, but I don't see the relationship between MED and AXIS the way do.

You say: "to me AXIS has been nothing more then a contractor paid by MED over 12 years at $1.2 mill a year roughly to supply services .. but in books classed as loans?"

That's not what I see in these two sentences from the annual accounts:

page 11
AXIS Consultants Pty Ltd (“AXIS” provided key management personnel services to the Company. Included in the management fees paid to AXIS are fees for provision of key management personnel services of $247,562 (2017: $352,386). All charges were on commercial terms. These amounts are included within total management services of $1,974,497 . . .

page 60
Unsecured advances have been made to AXIS. A formal loan agreement was put in place during the year. The loan is repayable in June 2020. The interest rate on monies advanced during the year was 8.78% (2017: 8.70% to 8.80%). The nature of the consideration to be provided in settlement is through services provided or repayment in cash or shares.

I read these extracts as meaning that MED has paid AXIS for its services and (on top of that payment) made the massive unsecured loan (of shareholder funds) of some $15 million to AXIS.

What do you think?