MED 0.00% 0.6¢ merlin diamonds limited

I really can't see how I'm wrong, looks pretty clear cut. They...

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    I really can't see how I'm wrong, looks pretty clear cut. They have $3.5 million debt on the books from loans this year. Plus I think about $1.8 mill in notes outstanding from memory = $5.3 million in current debt added this year. Doesn't matter where the money has gone or what assets it's purchased they are still in debt and the notes have terrible terms and the loan terms are a mystery.
 
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Currently unlisted public company.

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