The Age article - sounds dire, page-54

I don't understand what you are saying about loans and expense.

The Annual Reports for 2017 and 2018 state: "AXIS pays the Chairman and Managing Director's remuneration."

Does AXIS meet these expenses out of the $15 million loan? Not as I understand the following sentence."AXIS invoices the Company for remuneration paid to the Company's Executives . . . based on the time the Executive spends in servicing the requirements of the Company."

AXIS was in total paid $2,173,985 for management services in 2017, and $1,974,497 in 2018.

So the glass of AXIS is certainly not half full. Its glass is running over with payments for management services provided to MED and its loan received from MED.

Triples all round!