An interest free loan?
Not according to the MED Annual Report 2018. "Unsecured advances have been made to AXIS . . . The interest rate on monies advanced during the year was 8.78% . . ."
If the $521,000 reported in yesterday's quarterly is a return of capital then I don't think it would be described as a cash flow from another entity. And if I am wrong, and it is a return of capital, then which item in the quarterly reflects the payment of interest on this massive loan?
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- Ann: Third Quarter Activities Report & Cashflow Reports
Ann: Third Quarter Activities Report & Cashflow Reports, page-13
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