Ann: Third Quarter Activities Report & Cashflow Reports, page-15

OK, maybe the sum of $521,000 does include both interest and repayment of loan.

I calculate that amount is 3.5% of the c.$15 million owed by AXIS to MED.

Promising or not, all will be put right in June 2020 when AXIS is due to make full repayment of the loan to MED.

It nags me that AXIS, which does MED's administration for a fee, has not advanced technologically beyond the FAX machine. That makes MED's quarterly look naive. AXIS is like an airline charging full fares, but only providing Tiger Moths.