--------------------------
                                                      OMB Number:      3235-0145
                                                      Expires: February 28, 2009
                                                      Estimated  average  burden
                                                      hours per response....14.5
                                                      --------------------------




                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*
--------------------------------------------------------------------------------

                      Metromedia International Group, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                  7 1/4% Cumulative Convertible Preferred Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    591695200
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                 Mark C. Wehrly
                       Farallon Capital Management, L.L.C.
                         One Maritime Plaza, Suite 1325
                         San Francisco, California 94111
                                 (415) 421-2132
--------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                December 19, 2006
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                         (Continued on following pages)
                               Page 1 of 43 Pages
                         Exhibit Index Found on Page 41






                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Asset Management, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IA, PN
------------====================================================================




                               Page 2 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday G.P. (U.S.), L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================




                               Page 3 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================



                               Page 4 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            David I. Cohen
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================




                               Page 5 of 43 Pages




                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Saurabh K. Mittal
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            India
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                               Page 6 of 43 Pages




                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Asset Management LLP
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United Kingdom
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IA, PN
------------====================================================================



                               Page 7 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital Limited
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United Kingdom
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================




                               Page 8 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Andrew J.M. Spokes
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United Kingdom
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                               Page 9 of 43 Pages




                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Nicolas Giauque
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            France
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 10 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Lars E. Bane
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Sweden
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 11 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Davide Leone
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Italy
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 12 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    11,700 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     11,700 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            11,700 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.3% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================




                              Page 13 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    108,800 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     108,800 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            108,800 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            2.7% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================




                              Page 14 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    84,200 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     84,200 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            84,200 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            2.1% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================



                              Page 15 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    6,600 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     6,600 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            6,600 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================




                              Page 16 of 43 Pages




                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners III, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    19,400 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     19,400 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            19,400 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.5% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================




                              Page 17 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Tinicum Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            New York
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    2,700 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     2,700 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            2,700 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.1% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================




                              Page 18 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Offshore Investors II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page,  however, is a beneficial owner only
                           of the securities  reported by it on this cover page.
                           [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Cayman Islands
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    84,029 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     84,029 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            84,029 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            2.0% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================





                              Page 19 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Management, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    225,131 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                    225,131 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            225,131 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            5.5% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IA, OO
------------====================================================================





                              Page 20 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    317,429 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     317,429 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            317,429 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================



                              Page 21 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Chun R. Ding
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 22 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Duhamel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================




                              Page 23 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Richard B. Fried
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 24 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Monica R. Landry
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 25 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Mellin
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 26 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Stephen L. Millham
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================




                              Page 27 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Jason E. Moment
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6       United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13      13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 28 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Rajiv A. Patel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 29 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Derek C. Schrier
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================



                              Page 30 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Thomas F. Steyer
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================




                              Page 31 of 43 Pages





                                       13D

===================
CUSIP No. 591695200
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

            Mark C. Wehrly
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                               (a) [   ]
                                                               (b) [ X ]**
    2                  **  The  reporting  persons  making  this  filing hold an
                           aggregate of 542,560 Preferred Shares, which is 13.2%
                           of the class of securities.  The reporting  person on
                           this cover page, however,  may be deemed a beneficial
                           owner only of the  securities  reported by it on this
                           cover page. [See Preliminary Note]
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            N/A
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                   [   ]

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    542,560 [See Preliminary Note]
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     542,560 [See Preliminary Note]
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            542,560 [See Preliminary Note]
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)                      [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            13.2% [See Preliminary Note]
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14      TYPE OF REPORTING PERSON (See Instructions)

            IN
------------====================================================================



                              Page 32 of 43 Pages




     Preliminary  Note: This Amendment No. 2 to Schedule 13D amends the Schedule
13D  initially  filed on October 12,  2006  (collectively,  with all  amendments
thereto, the "Schedule 13D").

     The  Reporting  Persons  are filing  this  Schedule  13D to report that the
obligations of certain of the Reporting Persons under the Lock-up Agreement,  as
amended by the  Amendment to the Lock-up  Agreement,  referenced in Item 4 below
have been terminated.  For information  regarding such  termination,  see Item 4
below.  The  Reporting  Persons have not  consummated  any  transactions  in the
Preferred Shares since the filing of the initial Schedule 13D.

     The number of Preferred Shares  beneficially owned by the Reporting Persons
and  reported  herein is  convertible  at any time  without  expiration,  unless
earlier redeemed at the Company's  discretion,  into the number of shares of the
Company's Common Stock, par value $0.01 per share (the "Common  Shares"),  as is
equal to the  aggregate  liquidation  preference  ($50.00 per  share),  plus any
accrued  and  accumulated  dividends  as of the date the  Preferred  Shares  are
surrendered for conversion,  divided by an initial  conversion  price of $15.00,
subject to adjustment.  The Reporting Persons in aggregate beneficially own less
than 5% of the Company's Common Shares. Unless stated otherwise, all numbers and
percentages in this Schedule 13D represent  Preferred  Shares  currently held by
certain  Reporting Persons and such number and percentages do not reflect Common
Shares.

Item 4.  Purpose Of The Transaction
------   --------------------------

         Item  4 of  the  Schedule  13D  is  amended  and  supplemented  by  the
following:

         As  reported  in the  prior  Schedule  13D,  certain  of the  Reporting
Persons,  as holders of the Preferred Shares reported herein, are parties to the
Lock-up  Agreement,  as amended by the  Amendment to the Lock-up  Agreement  (as
described in Amendment No. 1 to the Schedule 13D filed by the Reporting  Persons
with the SEC on November 21, 2006), which agreement is substantially  similar to
lock-up and voting agreements entered into between the Company and certain other
holders of Preferred  Shares (the "Other Lock-up  Agreements").  On December 15,
2006, the Company filed a Form 8-K with the SEC  announcing  that certain of the
parties  to the  Other  Lock-up  Agreements  were  terminating  such  agreements
effective as of December 14, 2006 and that the lock-up  agreements  entered into
between  the  Company  and its  holders  of  Preferred  Shares  were  no  longer
effective.  As a response to the  information  in this Form 8-K on December  19,
2006,  the  Reporting  Persons sent a notice (the  "Termination  Notice") to the
Company  terminating their  obligations under the Lock-up Agreement  pursuant to
Section 7(i) thereof. For the full text of the Termination Notice, see Exhibit 3
to this Schedule 13D, which is incorporated herein by reference

         Except to the extent the  foregoing  may be deemed a plan or  proposal,
none of the  Reporting  Persons has any plans or  proposals  which relate to, or
could result in, any of the matters  referred to in paragraphs  (a) through (j),
inclusive,  of the instructions to Item 4 of Schedule 13D. The Reporting Persons
may,  at any time and from time to time,  review or  reconsider  their  position
and/or change their purpose  and/or  formulate  plans or proposals  with respect
thereto.



                              Page 33 of 43 Pages




Item 5.  Interest In Securities Of The Issuer
------   ------------------------------------

         Item 5 of the  Schedule  13D is amended and restated in its entirety as
follows:

         (a)   The Funds
               ---------

               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover  page  hereto  for  each  Fund is  incorporated
                           herein  by   reference   for  each  such  Fund.   The
                           percentage  amount  set forth in Row 13 for all cover
                           pages  filed  herewith is  calculated  based upon the
                           4,100,000 Preferred Shares outstanding as of November
                           20,  2006 as  reported  by the Company in its Current
                           Report  on Form 8-K  filed  with the  Securities  and
                           Exchange Commission on December 15, 2006.

               (c)         No  transactions  in the  Preferred  Shares have been
                           consummated  by any of the Funds  since the filing of
                           the initial Schedule 13D.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Farallon  General  Partner  has the power to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds  of the sale of, all of
                           the  Preferred  Shares  held by the Funds as reported
                           herein. The Noonday US General Partner is the general
                           partner  of  the  Second  Noonday  Sub-adviser.   The
                           Noonday US Individual  Reporting Persons are managing
                           members of both the First Noonday Sub-adviser and the
                           Noonday US  General  Partner.  The  Noonday UK Senior
                           Managing  Member is the senior managing member of the
                           Noonday UK  Sub-adviser.  The  Noonday UK  Individual
                           Reporting Persons are managing members of the Noonday
                           UK  Sub-adviser.   Spokes,  one  of  the  Noonday  UK
                           Individual  Reporting  Persons,  is  Chairman  of the
                           Noonday  UK  Senior  Managing  Member.  The  Farallon
                           Individual  Reporting Persons are managing members of
                           the Farallon General Partner.

               (e)         Not applicable.

         (b)   The Noonday Sub-adviser Entities
               --------------------------------

               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover page hereto for each Noonday Sub-adviser Entity
                           is  incorporated  herein by  reference  for each such
                           Noonday Sub-adviser Entity.

               (c)         None.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Farallon  General  Partner  has the power to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds  of the sale of, all of
                           the  Preferred  Shares  held by the Funds as reported
                           herein. Each of the First Noonday US Sub-adviser, the
                           Second  Noonday  US   Sub-adviser,   the  Noonday  UK
                           Sub-adviser and the


                              Page 34 of 43 Pages





                           Management  Company  has  the  power  to  direct  the
                           receipt of dividends  relating to, or the disposition
                           of the proceeds of the sale of, all of the  Preferred
                           Shares  held  by the  Managed  Accounts  as  reported
                           herein. The Noonday US General Partner is the general
                           partner of the Second  Noonday  US  Sub-adviser.  The
                           Noonday US Individual  Reporting Persons are managing
                           members of both the First Noonday US Sub-adviser  and
                           the Noonday US General Partner. The Noonday UK Senior
                           Managing  Member is the senior managing member of the
                           Noonday UK  Sub-adviser.  The  Noonday UK  Individual
                           Reporting Persons are managing members of the Noonday
                           UK  Sub-adviser.   Spokes,  one  of  the  Noonday  UK
                           Individual  Reporting  Persons,  is  Chairman  of the
                           Noonday  UK  Senior  Managing  Member.  The  Farallon
                           Individual  Reporting Persons are managing members of
                           both the Farallon  General Partner and the Management
                           Company.

               (e)         Not applicable.

         (c)   The Noonday Individual Reporting Persons
               ----------------------------------------

               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover  page  hereto  for  each   Noonday   Individual
                           Reporting Person is incorporated  herein by reference
                           for each such Noonday Individual Reporting Person.

               (c)         None.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Farallon  General  Partner  has the power to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds  of the sale of, all of
                           the  Preferred  Shares  held by the Funds as reported
                           herein. Each of the First Noonday US Sub-adviser, the
                           Second  Noonday  US   Sub-adviser,   the  Noonday  UK
                           Sub-adviser and the Management  Company has the power
                           to direct the receipt of  dividends  relating  to, or
                           the  disposition  of the proceeds of the sale of, all
                           of the Preferred  Shares held by the Managed Accounts
                           as reported herein. The Noonday US General Partner is
                           the  general   partner  of  the  Second   Noonday  US
                           Sub-adviser.  The  Noonday  US  Individual  Reporting
                           Persons  are  managing  members  of  both  the  First
                           Noonday  US  Sub-adviser  and the  Noonday US General
                           Partner. The Noonday UK Senior Managing Member is the
                           senior managing member of the Noonday UK Sub-adviser.
                           The  Noonday  UK  Individual  Reporting  Persons  are
                           managing  members  of  the  Noonday  UK  Sub-adviser.
                           Spokes,  one of the Noonday UK  Individual  Reporting
                           Persons,   is  Chairman  of  the  Noonday  UK  Senior
                           Managing Member.  The Farallon  Individual  Reporting
                           Persons  are  managing  members of both the  Farallon
                           General Partner and the Management Company.

               (e)         Not applicable.


         (d)   The Management Company
               ----------------------

                              Page 35 of 43 Pages




               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover  page  hereto  for the  Management  Company  is
                           incorporated herein by reference.

               (c)         No  transactions  in the  Preferred  Shares have been
                           consummated  by the  Management  Company on behalf of
                           the Managed  Accounts since the filing of the initial
                           Schedule 13D.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Management  Company  has the power to direct
                           the  receipt  of   dividends   relating  to,  or  the
                           disposition  of the  proceeds  of the sale of, all of
                           the Preferred  Shares held by the Managed Accounts as
                           reported  herein.  The Noonday US General  Partner is
                           the  general   partner  of  the  Second   Noonday  US
                           Sub-adviser.  The  Noonday  US  Individual  Reporting
                           Persons  are  managing  members  of  both  the  First
                           Noonday  US  Sub-adviser  and the  Noonday US General
                           Partner. The Noonday UK Senior Managing Member is the
                           senior managing member of the Noonday UK Sub-adviser.
                           The  Noonday  UK  Individual  Reporting  Persons  are
                           managing  members  of  the  Noonday  UK  Sub-adviser.
                           Spokes,  one of the Noonday UK  Individual  Reporting
                           Persons,   is  Chairman  of  the  Noonday  UK  Senior
                           Managing Member.  The Farallon  Individual  Reporting
                           Persons  are  managing   members  of  the  Management
                           Company.

               (e)         Not applicable.

         (e)   The Farallon General Partner
               ----------------------------

               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover page hereto for the Farallon General Partner is
                           incorporated herein by reference.

               (c)         None.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Farallon  General  Partner  has the power to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds  of the sale of, all of
                           the  Preferred  Shares  held by the Funds as reported
                           herein. The Noonday US General Partner is the general
                           partner  of  the  Second  Noonday  Sub-adviser.   The
                           Noonday US Individual  Reporting Persons are managing
                           members of both the First Noonday Sub-adviser and the
                           Noonday US  General  Partner.  The  Noonday UK Senior
                           Managing  Member is the senior managing member of the
                           Noonday UK  Sub-adviser.  The  Noonday UK  Individual
                           Reporting Persons are managing members of the Noonday
                           UK  Sub-adviser.   Spokes,  one  of  the  Noonday  UK
                           Individual  Reporting  Persons,  is  Chairman  of the
                           Noonday  UK  Senior  Managing  Member.  The  Farallon
                           Individual  Reporting Persons are managing members of
                           the Farallon General Partner.



                              Page 36 of 43 Pages





               (e)         Not applicable.

         (f)   The Farallon Individual Reporting Persons
               -----------------------------------------

               (a),(b)     The information set forth in Rows 7 through 13 of the
                           cover page hereto for each Farallon Individual
                           Reporting Person is incorporated herein by reference
                           for each such Farallon Individual Reporting Person.

               (c)         None.

               (d)         Each of the First Noonday US Sub-adviser,  the Second
                           Noonday US  Sub-adviser,  the Noonday UK  Sub-adviser
                           and the  Farallon  General  Partner  has the power to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds  of the sale of, all of
                           the  Preferred  Shares  held by the Funds as reported
                           herein. Each of the First Noonday US Sub-adviser, the
                           Second  Noonday  US   Sub-adviser,   the  Noonday  UK
                           Sub-adviser and the Management  Company has the power
                           to direct the receipt of  dividends  relating  to, or
                           the  disposition  of the proceeds of the sale of, all
                           of the Preferred  Shares held by the Managed Accounts
                           as reported herein. The Noonday US General Partner is
                           the  general   partner  of  the  Second   Noonday  US
                           Sub-adviser.  The  Noonday  US  Individual  Reporting
                           Persons  are  managing  members  of  both  the  First
                           Noonday  US  Sub-adviser  and the  Noonday US General
                           Partner. The Noonday UK Senior Managing Member is the
                           senior managing member of the Noonday UK Sub-adviser.
                           The  Noonday  UK  Individual  Reporting  Persons  are
                           managing  members  of  the  Noonday  UK  Sub-adviser.
                           Spokes,  one of the Noonday UK  Individual  Reporting
                           Persons,   is  Chairman  of  the  Noonday  UK  Senior
                           Managing Member.  The Farallon  Individual  Reporting
                           Persons  are  managing  members of both the  Farallon
                           General Partner and the Management Company.

                  (e)      Not applicable.

         The Preferred  Shares  reported hereby for the Funds are owned directly
by the Funds and  those  reported  by the  Management  Company  on behalf of the
Managed Accounts are owned directly by the Managed  Accounts.  The First Noonday
US   Sub-adviser,   the  Second  Noonday  US  Sub-adviser  and  the  Noonday  UK
Sub-adviser,  as sub-investment  advisers to the Funds and Managed Accounts, may
each be deemed to be the beneficial  owner of all such Preferred Shares owned by
the Funds and the Managed Accounts.  The Noonday US General Partner,  as general
partner to the Second Noonday US Sub-adviser, may be deemed to be the beneficial
owner of all such Preferred Shares owned by the Funds and the Managed  Accounts.
The Noonday US Individual  Reporting  Persons,  as managing  members of both the
First Noonday US  Sub-adviser  and the Noonday US General  Partner,  may each be
deemed to be the  beneficial  owner of all such  Preferred  Shares  owned by the
Funds and the Managed  Accounts.  The Noonday UK Senior Managing Member,  as the
senior managing  member of the Noonday UK  Sub-adviser,  may be deemed to be the
beneficial owner of all such Preferred Shares owned by the Funds and the Managed
Accounts.  The Noonday UK Individual  Reporting Persons,  as managing members of
the  Noonday UK  Sub-adviser  and,  with  respect to Spokes,  as Chairman of the
Noonday UK Senior Managing Member,



                              Page 37 of 43 Pages



may each be deemed to be the beneficial owner of all such Preferred Shares owned
by the Funds and the Managed  Accounts.  The Management  Company,  as investment
adviser to the Managed Accounts, may be deemed to be the beneficial owner of all
such  Preferred  Shares  owned by the Managed  Accounts.  The  Farallon  General
Partner,  as general  partner to the Farallon  Funds and managing  member of the
Noonday Fund,  may be deemed to be the  beneficial  owner of all such  Preferred
Shares  owned by the  Funds.  The  Farallon  Individual  Reporting  Persons,  as
managing members of both the Farallon General Partner and the Management Company
with the power to exercise investment  discretion,  may each be deemed to be the
beneficial owner of all such Preferred Shares owned by the Funds and the Managed
Accounts.   Each  of  the  Noonday  US  Sub-adviser  Entities,  the  Noonday  UK
Sub-adviser  Entities,  the Management Company, the Farallon General Partner and
the Individual  Reporting  Persons hereby disclaims any beneficial  ownership of
any such Preferred Shares.

Item 6.  Contracts,  Arrangements,  Understandings Or Relationships With Respect
------   -----------------------------------------------------------------------
         To Securities Of The Issuer
         ---------------------------

Item 6 of the Schedule 13D is amended and supplemented by the following:

         Except for the Lock-up  Agreement,  as amended by the  Amendment to the
Lock-up Agreement, the Termination Notice, the conversion terms of the Preferred
Shares described above or in the initial Schedule 13D and as otherwise described
above,  there are no contracts,  arrangements,  understandings  or relationships
(legal or otherwise) among the Reporting Persons or between such persons and any
other person with respect to any  securities  of the Company,  including but not
limited to the transfer or voting of any  securities  of the  Company,  finder's
fees, joint ventures, loan or option arrangements,  puts or calls, guarantees of
profits, divisions of profits or loss, or the giving or withholding of proxies.

Item 7.  Materials To Be Filed As Exhibits
------   ---------------------------------

         There is filed herewith as Exhibit 3 the Termination  Notice referenced
in Item 4 above.
















                              Page 38 of 43 Pages





                                   SIGNATURES
                                   ----------

         After  reasonable  inquiry and to the best of our knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.

Dated:  December 19, 2006

            /s/ Monica R. Landry
            ----------------------------------------
            NOONDAY CAPITAL, L.L.C.,
            On its own behalf and as the General Partner of
            NOONDAY ASSET MANAGEMENT, L.P.
            By Monica R. Landry, Attorney-in-fact

            /s/ Monica R. Landry
            ----------------------------------------
            NOONDAY G.P. (U.S.), L.L.C.
            By Monica R. Landry, Attorney-in-fact

            /s/ Monica R. Landry
            ----------------------------------------
            NOONDAY CAPITAL LIMITED,
            On its own behalf
            and as the Senior Managing Member of
            NOONDAY ASSET MANAGEMENT LLP
            By Monica R. Landry, Attorney-in-fact

            /s/ Monica R. Landry
            ----------------------------------------
            FARALLON PARTNERS, L.L.C.,
            On its own behalf,
            as the General Partner of
            FARALLON CAPITAL PARTNERS, L.P.,
            FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
            FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
            FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
            TINICUM PARTNERS, L.P. and
            FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.,
            and as the Managing Member of
            NOONDAY CAPITAL PARTNERS, L.L.C.
            By Monica R. Landry, Managing Member




                              Page 39 of 43 Pages




            /s/ Monica R. Landry
            ----------------------------------------
            FARALLON CAPITAL MANAGEMENT, L.L.C.
            By Monica R. Landry, Managing Member

            /s/ Monica R. Landry
            ----------------------------------------
            Monica R. Landry, individually and as attorney-in-fact for
            each of Lars E. Bane, David I. Cohen,  Chun R. Ding,  William F.
            Duhamel,  Richard B. Fried, Nicolas Giauque, Davide Leone, William
            F. Mellin, Stephen L. Millham, Saurabh K. Mittal, Jason E. Moment,
            Rajiv A. Patel, Derek C. Schrier, Andrew J.M. Spokes, Thomas F.
            Steyer and Mark C. Wehrly

         The Powers of Attorney  executed by Duhamel,  Fried,  Mellin,  Millham,
Steyer and Wehrly  authorizing Landry to sign and file this Schedule 13D on each
person's behalf, which were filed with Amendment No. 2 to the Schedule 13D filed
with the Securities and Exchange  Commission on July 16, 2003, by such Reporting
Persons with respect to the Common Stock of New World  Restaurant  Group,  Inc.,
are hereby  incorporated by reference.  The Powers of Attorney  executed by Ding
and  Schrier  authorizing  Landry  to sign and file  this  Schedule  13D on each
person's behalf, which were filed with Amendment No. 1 to the Schedule 13D filed
with the Securities  and Exchange  Commission on July 2, 2003, by such Reporting
Persons  with respect to the Common Stock of Salix  Pharmaceuticals,  Ltd.,  are
hereby  incorporated  by  reference.  The Power of  Attorney  executed  by Patel
authorizing  Landry to sign and file this Schedule 13D on his behalf,  which was
filed with  Amendment  No. 4 to the Schedule 13G filed with the  Securities  and
Exchange Commission on January 8, 2004, by such Reporting Person with respect to
the Common Stock of Catalytica Energy Systems,  Inc., is hereby  incorporated by
reference.  The Powers of Attorney  executed  by Noonday  G.P.  (U.S.),  L.L.C.,
Noonday Asset Management,  L.P.,  Noonday Capital,  L.L.C. and Cohen authorizing
Landry to sign and file this Schedule 13D on its or his behalf, which were filed
with  Amendment No. 5 to the Schedule 13G filed with the Securities and Exchange
Commission  on January 10, 2005, by such  Reporting  Persons with respect to the
Common Stock of Catalytica  Energy  Systems,  Inc., are hereby  incorporated  by
reference.  The Power of Attorney executed by Mittal  authorizing Landry to sign
and file this Schedule 13D on his behalf,  which was filed with  Amendment No. 6
to the Schedule 13G filed with the Securities and Exchange Commission on October
5, 2005, by such Reporting Person with respect to the Common Stock of Catalytica
Energy Systems, Inc., is hereby incorporated by reference. The Power of Attorney
executed by Moment  authorizing Landry to sign and file this Schedule 13D on his
behalf,  which was filed with the  Schedule  13D filed with the  Securities  and
Exchange Commission on January 9, 2006, by such Reporting Person with respect to
the  Common  Stock  of  Vintage  Petroleum,  Inc.,  is  hereby  incorporated  by
reference.  The Powers of Attorney  executed by Noonday  Asset  Management  LLP,
Noonday Capital Limited,  Spokes,  Giauque, Bane and Leone authorizing Landry to
sign and file this Schedule 13D on each person's  behalf,  which were filed with
the Schedule 13G filed with the Securities and Exchange Commission on August 21,
2006, by such Reporting Persons with respect to the 7 1/4 Cumulative Convertible
Preferred Stock of Metromedia International Group, Inc., are hereby incorporated
by reference.



                              Page 40 of 43 Pages





                                  EXHIBIT INDEX


EXHIBIT 3                                 Termination Notice































                              Page 41 of 43 Pages



                                                                       EXHIBIT 3
                                                                              to
                                                                    SCHEDULE 13D


                        FARALLON CAPITAL PARTNERS, L.P.,
                 FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
               FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                             TINICUM PARTNERS, L.P.,
                  FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.,
                        NOONDAY CAPITAL PARTNERS, L.L.C.,
                    FARALLON CAPITAL OFFSHORE INVESTORS, INC.
                                       and
                             NOONDAY OFFSHORE, INC.

                     c/o Farallon Capital Management, L.L.C.
                         One Maritime Plaza, Suite 1325
                         San Francisco, California 94111

                               December 19, 2006


Metromedia International Group, Inc.
8000 Tower Point Drive
Charlotte, NC 28227

Dear Sir or Madam:

Reference is made to the Lock-Up and Voting Agreement dated October 1, 2006, as
amended (the "Lock-up Agreement"), between METROMEDIA INTERNATIONAL GROUP, INC.
("MIG") and FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL
PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON
CAPITAL INSTITUTIONAL PARTNERS III, L.P., TINICUM PARTNERS, L.P., FARALLON
CAPITAL OFFSHORE INVESTORS II, L.P., NOONDAY CAPITAL PARTNERS, L.L.C., FARALLON
CAPITAL OFFSHORE INVESTORS, INC. and NOONDAY OFFSHORE, INC. (each, a "Farallon
Consenting Preferred Stockholder" and collectively, the "Farallon Consenting
Preferred Stockholders").

Pursuant to the provisions of Section 7(i) of the Lock-up Agreement, the
Farallon Consenting Preferred Stockholders hereby give notice to MIG that the
Lock-up Agreement is terminated effective as of December 19, 2006.










                              Page 42 of 43 Pages




                       Very truly yours,

                       FARALLON CAPITAL PARTNERS, L.P.,
                       FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                       FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
                       FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                       TINICUM PARTNERS, L.P. and
                       FARALLON CAPITAL OFFSHORE INVESTORS II, L.P

                       BY:      Farallon Partners, L.L.C.,
                                Its (Their) General Partner



                       BY:      /s/ Mark C. Wehrly
                                --------------------------------------
                                Mark C. Wehrly,
                                Managing Member


                       NOONDAY CAPITAL PARTNERS, L.L.C.

                       BY:      Farallon Partners, L.L.C.,
                                Its Managing Member


                       BY:      /s/ Mark C. Wehrly
                                --------------------------------------
                                Mark C. Wehrly,
                                Managing Member


                       FARALLON CAPITAL OFFSHORE INVESTORS, INC.
                       and NOONDAY OFFSHORE, INC.

                       BY:      Farallon Capital Management, L.L.C.,
                                Its (Their) Agent and Attorney-in-Fact


                       BY:      /s/ Mark C. Wehrly
                                --------------------------------------
                                Mark C. Wehrly,
                                Managing Member



                               Page 43 of 43 Pages