So you think Joseph Gutnick thought it was time to pass the baton when he resigned from TND. Well, he certainly didn't pass the money - other than the princely sum of $17,955 in the bank.
Contrary to what you say you worked out, the new board did not conclude the money to AXIS was payment for services provided.
In fact on 14 July 2017 the new board announced to ASX that by 19th June 2017 the company [TND] had advanced AXIS a total of $5.089 million with no shareholder approval or commercial purpose. They say they had requested from AXIS "immediate payment of all amounts owing. To date, no repayment has been received."
Do you know whether it was paid back in the end?
If not, this bit of prior history surely has to be a worry for shareholders of MED.
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
