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FONU is the ticker. Click it and you will read several comments. Some people posted links there....short videos of the coverage.
Coverage aired at 6, and another long one at 7:30.
The US. Securities Exchange C., The IRS, several Fed agencies.
Sheesh! Exposed!
This is my last post for today...out 15.
If not a video online, please post a short summary. I'm still keeping tabs on this one. I said it long ago, that somebody is going to jail on this one.
Yes, local TV station.
Yeah, I live in California, but I invested here and I have friends who live in Savannah. I will keep you posted.
My friends will record it and send it to me.
They seem to think that *JUSTICE* will prevail.
What's WTOC? Is it local tv? Someone will have to keep us updated.. though I'm sure it's going to be some update on the Internet somewhere as well
I got rid of all my mdnt and FONU shares last year, 2015, in order to offset my gains too.
I am grateful, in a way for myself, as it was a true learning experience. I found some good ones, since MDNT and FONU....imo, the worst on the OTC!!
Yes, do watch it. WTOC, Wednesday evening at 6:00 evening.
thanks ! I'll be watching even though I got rid of my shares to offset gains.. but still it would be nice to see some justice to be done.
Ania, please read my latest posts on here. Also read them on FONU.;)))
Have a Have a Happy Sunday.
The gig is up! Check the news in three days!!!!!!!!!!!!!!
Read my latest posts on ticker FONU.
Looks like it is finally being EXPOSED. The ~TRUTH~ will be told.
Duh!!! After the Hearn person filed a lawsuit 3 years ago, I felt like it was only a matter of WHEN.....!
Ethical? You know the answer to that.
Legal? We will soon find out!!!!!
It would be nice to see people get some of their money back. Sickening to think lies about mdnt money being used to pay off Yellow.....a movie that was never released.
MDNT totally gone and all money just evaporated into thin air????
hmmmm
Multiple federal agencies have been investigating this.
Soon it will *ALL* be *EXPOSED*!!!
News coverage, feds, information......ahhhh....it is finally getting exposed by the feds!!!
We will be hearing more information next week.
You know it!!!!!!!
Check my posts. I have a gem in the 002's now. I bought it Friday for .0018 and flipped it for .0027......million shares.
I am buying more today on the dip. Ahhhh that stock $$$$.
Glty!;))))
Well of course ya did... That's what we all do... flip pennies for big profits.... Glad you are doing well...
Funny! All peeps who bought shares were left holding the bag.
Only CEO made out like a bandit.
This stock started with around 40cents....went to 2.00...then totally crashed to.0001.
Imo, the worst penny stock ever!! Oh, butI learned a lot and now making money on penny stocks!!!
Ahhhh....$$$$$$ I made back every penny and more that I lost in this scam stock!
Coming soon: The Magnificent Manu
So what's up with the Shares there sitting no price 100% loss
At least, this is NEWS!!!
No surprise there-- was only a matter of time.
This was a scam, and Jake was the lying snake everyone said he was.
Thanks for the Info. If you have links or other specifics that I can post without quoting you send them!GL
Several people from Savannah filed a case against them. What happened with that?
Seems they came here and robbed us all. Everybody got screwed!
I wonder how long Jake can continue to do nothing but SCAM people.
Nah he comming back with Disney, Warner bro, universal and etc
Millions from shareholders were stolen and wasted here.. un freaking believable that nobody is in jail ..
Jake has left the building!!!!!
No movie studio in Effingham County!!!!!
No movies, no money, no lights, camera, action....only grass and trees there.
Looks like you all got PUNKED in mdnt and FONU!!! I hope you got your tax write offs. Little penance for a whole lot of lies and MORE!
Movie company retreats from land in Effingham
http://savannahnow.com/effingham-now/2016-04-01/movie-company-retreats-land-effingham
Moon River says it is still making a movie
Posted: April 1, 2016 - 5:17pm | Updated: April 1, 2016 - 5:30pm
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File rendering of movie studio complex that was planned in Effingham County.
File rendering of movie studio complex that was planned in Effingham County.
By G.G. Rigsby
The ground portion of a massive movie studio complex planned in Effingham County has come to an apparent end, with Moon River Studios signing paperwork relinquishing rights to 1,560 acres owned by the Industrial Development Authority.
IDA CEO John Henry said Friday that Moon River has signed papers terminating a bond agreement for all of the property at Interstate 16 and Old River Road, freeing the land so the IDA can market it to other people.
Moon River had agreed in October to cut the amount of property it would use from 1,560 acres to 51 acres, but binding paperwork making that change was never signed.
“They have no ties to the land,” Henry said. He said the company still could negotiate for 51 acres of the property but it would be on terms that are favorable to the IDA.
The IDA board has not yet voted on whether to accept the bond termination papers.
Jake Shapiro, chairman of the board of Moon River’s parent company, FONU2, said Friday that the company is “focused almost exclusively right now on the pre-production” of the horror film “Mara.”
Moon River filed its annual report with the Securities and Exchange Commission on Thursday. The report for the year ending Sept. 30 had been delayed because the company said it didn’t have money to pay auditors.
In the report, the company said subject to “financing, due diligence and approval by the board of directors,” its strategy is to “build a full-service film studio in Effingham County.”
The report also said the company needs a minimum of $4 million over the next year, which would come from “institutional investors and other capital resources.”
“There can be no assurance that we will be able to raise capital if at all, upon terms acceptable to the company,” the report said.
For the year ended Sept. 30, the company earned revenues of $18,600 and had a loss of $6.4 million.
It is having difficulty paying loans it has borrowed to operate, including one for film equipment from AppleBox Productions.
The report also said Roger Miguel, director and CEO, began drawing a salary of $4,000 a month in December while Shapiro and two other senior managers – Graham Bradstreet, chief financial officer and Alice Neuhauser, chief operating officer – began drawing salary of $7,500 a month starting March 1.
Three years ago, when the company was headed by Manu Kumaran and known as “Medient,” it announced grandiose plans for a $90 million movie studio complex that would employ 1,000 people.
After that, new leaders of the company gradually scaled back plans.
Moon River has announced a number of projects that have not yet materialized. It announced it was doing a documentary on James Brown and a two-picture deal with Director Penny Marshall that was later canceled.
The company also has repeatedly announced hiring efforts. The annual report filed Thursday said the company “has no significant employees who are not executive officers.”
I have not been to this site in sometime. The PPS is still $.0001. Koppelman really screwed the "pooch" on this one...a great idea blown up by "wallstreet know it alls". I said when i left that without the visionary it was going NO WHERE and it hasn't. I'll check back in a year or so...
Sound like you are combing through OTC stocks, in hopes for $$$$!!!
Nah, you are *NOT* at the right place. You will have better luck at your nearest city dump site. Glty;))))
Gotta fill that gap at .19 we do.... going to be an awesome run..
You gonna get valuable worthless FONU shares from Jake the Snake oil salesman and Roger the Dodger.... When hell freezes over... Bank on it!
Good morning.Been away for awhile but I do have shares of this stock.Where does it stand?What are the options if any?Good or bad thanks.
Good morning.Been away for awhile but I do have shares of this stock.Where does it stand?What are the options if any?Good or bad thanks.
Good morning.Been away for awhile but I do have shares of this stock.Where does it stand?What are the options if any?Good or bad thanks.
Imo, Manu will come back and take over Moon River Studios. He will build his Glass Bridges. He and Jake will drive over those bridges and get lost in the sunset.....and they lived happily ever after.
THE END ;))))))
Not caught, just the fact that they did transfer pretty much everything (the lease) at MDNT for 10 million FONU shares......then he and Roger diluted FONU into the ground.
He then somehow convinced FONU to put a ton more money into Yellow. I sure hope investors follow the money trail on that transaction's proceeds. The money came/will come from proceeds of dilutive FONU shares.
Funny that there was no mention (in SEC filings) of transfer of MDNT obligations to FONU. If one looks at the FONU SEC filings, it is clear that FONU is paying for MDNT notes/some obligations.....with FONU shares.
The only thing I can think of is that MDNT noteholders got angry and somehow convinced the CEO of FONU to pony-up a settlement, rather than noteholders taking action against MDNT and FONU. This is not clear because MDNT decided to go into hiding and not file.
I haven't been watching. Did he really get caught transferring assets? I thought you said we had no assets. Are there assets today?
MDNT is in default in Nevada (State of Incorporation) They have filed nothing with Nevada since 2014.
Next step is suspension and permanent revocation.
There will never be any run. FONU apparently is now forced to pay many of the MDNT obligations, too.
Jake Shapiro got caught transferring assets to FONU and tried to hide from the obligations (debt), but now we find that FONU is actually being forced to pay.
We'll see if MDNT shareholders, damaged by Jake's actions, are also able to go after FONU.
I have lots of zero ideas about MEDIENT(MDNT). This stock traded at over $2.00 for one share in 2013. $2 would buy 20,000 share today at $.0001. Go figure.
Zero ideas about $MDNT, is this a good buy?
Yes, got a couple of gaps to fill on the way up... and we know gaps always fill
Chart is screaming run to .19-.35
Beautiful! There was a time this story would have made for an excellent Hollywood script. Lots of excitement with twists, turns, lies and deceit.. The ending is still to be written. I'd like to see the final scene shot in the streets.
SEC securities fraud investigation still ongoing.
I see noteholders must be threatening lawsuits against FONU, since FONU has been giving out toxic notes to MDNT noteholders/creditors.
Too bad more shareholders didn't do a class action agaianst MDNT and FONU, naming Jake.
People are still buying this beast. Looking forward to a strong week here. Back to .001 soon. GL all
On the move! Merry Christmas MDNT
No most were sold at .000001 - they just painted it to look like .0001... Just nothing...
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