The average punter is probably not going to participate in the upcoming rights issue, so survival comes down to whether 'Gutnick & Associates' have enough friends left to throw money in the hat. My gut feeling is they probably do, and therefore MED will live to fight another day.
I am still hoping a similar story to MUS plays out, they were on the ropes many times, with everyone crying foul, and more than a little dilution along the way, but a few sparkling rocks later and everyone was in love with them again.
MED Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held