Well the worst case senario would be that the company has gone into receivership and it hasn't because it has arranged to pay debts with shares, so we are all still the game,but it looks a little tougher than we thought. Then again because somebody is taking shares for debt means that there must still be hope somehow or they wouldn't do it.

I think the MD&A you talk about is here:

http://www.medmira.com/prs/2008/PR%2...

There seems to be enough going on to warrant the expectation that there will be some good news in the pipeline. I say it is best to hang in and wait for better news.

Best Regards

~~ dimar