Repayments in recent MDM qtr reports has been on the increase. In the latest qtr report repayments of loans was at a level MDM can't really afford, they also took out additional loans in the qtr but the repayments are greater than they are able to borrow.
The bank they previosly had must have been getting concerned about MDM being able to repay the funds and aren't lending MDM anymore money.
MDM have now gone elsewhere and secered 1K which has to be repaid back by June30 with considerable interest.
MDM
medical monitors limited
banking concerns
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