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Interesting. I wonder if it is affiliated with the Coastal Film Studio in Savannah. See www.coastalfilmstudio.com
Who is still buying this POS?? Can't believe I'm still seeing buys coming through.
Any arrests news yet?
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.
Any arrests yet? Any links to class action?
I thought the ground breaking was already announced when it was MDNT. Remember start of drilling the well?
Can you feel the whiplash yet??
My guess is that the snake never attempted to register the MDNT shares. That might set-off the bells at the SEC. Keep the link between FONU and MDNT as quiet as possible.
I wonder if there is a cleared spot around the lake where I could launch my boat. Maybe a free day of fishing on the new studios property would make me feel better about my MDNT shares? I wonder if Jake would add me to the payroll if I map the topography under the lake for him. Seems like that might be a worthy investment for FONU.
Eventually, somebody will go to jail for this scam. It might take a while for all the cards to fall. I'm still watching and holding my worthless MDNT shares.
Paying rent on a project that is far from making money is a doomed project. Something BIG needs to happen SOON or this thing is dead. I'm also not holding my breath waiting on my FONU shares for my MDNT holdings.
The part I like is the statement that it is unknown how long it will take to register the FONU shares to the MDNT shareholders.
Somebody needs to dig up the teleconference where Koppleman told all MDNT shareholders point blank that they were going to make MDNT a reality and would be 100% focused on shareholder value / growth. Was Koppleman simply paid for this appearance / performance? How could things take such a negative spin in such a short period of time since that teleconference? Personally, I think it was a deceitful effort to sell more shares knowing it was going down the toilet.
Still a giant steaming pile!! The assets transfer does not pass the sniff test, in my opinion. How can these transactions take place without transparency to the shareholders? It just amazes me!!
If a class action gets started, somebody please make sure to post contact info or send me a PM. This has been the biggest cluster I have ever been involved in. Thanks!!
I think Jake knows there are a lot of unhappy shareholders that have a lot of questions for Jake. Easiest way to address those questions, is to avoid contact with the questioning people. A video conference was his way of side-stepping personal contact with shareholders.
Does anybody know what the hold-up is on the FONU share distribution to MDNT shareholders? Seems there was little to no hold-up on the transfer of assets from MDNT to FONU. Funny how that works, huh?? Use shareholder money to purchase or pay down debt on assets, transfer assets to another company, and leave previous shareholders with an empty shell. I guess we will receive our FONU shares after FONU is fully diluted to .0001. I'm guessing the FONU dilution does not want to compete with MDNT shareholders that decide to dump and run. What a crock!!
The 1000/1 split is not going to happen. FINRA put a stop to that. I figure FONU is the alternate capital pipeline. I'm guessing that Jake will try and combine assets between FONU and MDNT in some fashion. Only makes sense to lump all the shit stock and screwed shareholders together. One big happy family!! Merry Christmas everybody!!
With the R/S announced for FONU, I guess we can expect to see another announcement that MDNT will be purchased by FONU and all MDNT shareholders will receive "X" shares of FONU for their MDNT shares. I'm guessing that's how we will move off the grays and move forward with the R/S.
Probably getting ready to enter the creative accounting stage of the project. Should see something on this soon.
Did they include and Vaseline with those documents?
A true believer expects better from people managing invested monies. A true believer expects to receive an honest assessment of the business at any given moment in time. I don't think we have received either. I am in this for $10k and it's worth about $500 now. Probably not as bad as some on this board, but still stings because of the way things have unfolded. I will hold it until December, and make a hold or dump decision at that time.
Here is what I think was the most notable information provided by the latest 10Q:
"The Company currently has no agreements in place for any funding, and there can be no assurance that financing will be available to us on acceptable terms, or at all. If We are not able to obtain financing We will be forced to downsize our planned operations or curtail Our business."
I read this as BK is just around the corner. Downsizing what current operations? There are next to none already; other than issuing PR's on lawsuits and reverse stock splits. I think this turd is on its last spiral in the bowl and it about to go into the sewer. I hate it because I was a true believer and now I'm a sick bag holder.
I have my thoughts with regards to the new name. It's their way of showing shareholders their ass; thus the name "moon". And now that we are up the "river" without a paddle, it's all coming together in my mind.
1000:1 so they can resume diluting shares. 6-8 months after the R/S, the stock we be right back where it is now
Take her down. I don't want to limp away from this POS.
Who physically has possession of the movie Yellow? Not who owns the rights, but rather who physically has possession? My concern is that it may be in the wrong hands, similar to the current abortion of a website is. That may be why there has been no updates on Yellow. Are there other court hearings pending? Other assets that need to be seized?
I see this playing out as a long litigation process that will build a ton of debt to cover attorney costs fighting Manu. This could go on for years with continuance requests and a slow revealing of the truth. Just my honest opinion. With that said, I'm still holding my bags and expecting a fat tax deduction by year end. I said I would ride this out until Christmas, and that's still the plan. Bank or Bust!!!
Probably already spent on the world tour with the rich and famous. Would love to see the trip expense report.
Yeah, both need to drive over the cliff together.
If you read the bottom of the article just posted, it states that kickback will probably not be made.
News is out. Jake is CEO and CK steps up to run the company as Chairman.
Sometimes you have to swallow your pride a little in order to move forward in tough situations. I am highly looking forward to the call tomorrow.
I suspect we will hear about a company or person that plans to help bankroll the project. If it were me funding the project, I would demand primary control of the company. I never felt confident in MDNT getting bank financing without having hard liquid assets to use for collateral. I also don't expect Manu to just hand everything over and walk away from his dream. He will still be a major player. Just stepping aside so that the project can be funded. That's just my guess. There is no way they would dilute this stock like they did, and then close-up shop. If that's the case, there will be some serious prison time served.
If I am understanding your post correctly, you are implying that it is better to have a $30k loss at the end of the year than a $20k loss? You must be a fuzzy math professor.
I didn't even need to click the link. I knew it was a certain Johnny Cash song!!
If it keeps going like this, I will have one hell of a tax deduction for the next 3 or 4 years. I will use the proceeds of my MDNT stock sale at year end to buy a few cases of Coors Light and try to forget this disaster.
Has anybody attended a recent IDA meeting? I noticed the website is missing meeting minutes for the past 2 months. Any idea as to why?? The next meeting is mid-June and I am considering making the drive to ask some questions and visit the building location. I am roughly 5 hours drive away. I know there are a few members who live in the Effingham area. Anybody planning to attend?
No need to be rude about it. I see things as true or false / black or white. You are more than welcome to live in the gray area. It's your choice.
I do not read that as "what is going to happen", but rather a hypothetical of what needs to happen to meet the end of year goal. No hint on whether it will actually happen was given, based on my interpretation.