Yes FJ, MD&A's are rather vanilla (precautionary) due in part to the regulations which govern what and how the facts are reported. Let's all remember that this is a Q3 report, it's old news save and except for a few things in the MD&A that we already knew via the most recent CC.

Also, the possible need for cash as stated in the report is somewhat of a required statement to address the adjusted net working capital deficit which by the way is to an extent a result of classifying the convertible debentures as a current liability.

We all know that the market participants in play today and next week will be the usual suspects and the SP will take a knock on the chin, it always happens.

Of particular interest to me and this is the first I've noticed it. In the MD&A and the bottom of page 6 & 7 they footnote reference materials. One of them is a Cisco report........hmmmm?

Hogan