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Little premarket action here folks :)
By reading the post an doing math lol. Obviously the original poster averaged down, he just didn't say that.
Thanks for taking the time to help straighten me out on this.
Great post. Let's hope no bash party this weekend, but hey, a party is a party ;)
Done it before. Mistakes were made....
Drinking and ihubing? Lol
Email sent, if Mr. henry responds and approves it being posted I will do it.
Will do. You speak to anyone in particular?
In connection with the lease, the registrant and the Effingham County Industrial Development Authority entered into the Bond Loan Purchase Agreement, pursuant to which the Effingham County Industrial Development Authority agreed to issue up to $300,000,000 in Taxable Industrial Development Revenue Bonds. The bond will be issued as a single bond draw-down instrument, which will mature on July 1, 2033 and bear interest at a rate of 6.00% per annum, payable on July 1 of each year. The proceeds of the bonds will be used by the Effingham County Industrial Development Authority to acquire the movie studio project to be developed on the land, which project will be leased to the registrant.
You are gonna make me look up the 8k and quote it aren't you. Fine lol :(
They funded the well project. Pretty much they are paying for the project and MDNT is going to lease it from them. From what I have gathered the cost to MDNT is going to be all the planning and design work. It's all in the 10q and 8k that was filed when this came out.
How do you figure?
Effingham industrial authority has committed 300 mil towards the project. This is happening folks. Ref. 10q if you want to see for yourself.
Put some more pics up of the mediaplex but superimposed with the birdseye view and the plotting view. @benrankin23
Posted some perimeter shots of the property on my twitter, @Benrankin23
Mostly from the interstate. So not the best quality. Road view is entrance. On google maps it is directly across from 5th street
What's your take on the recent action? You think Manu is pretty much done? I sure hope so, I really want the O/S to stay under a billion.
Sure did, didn't he. Hopefully that was just a dumb mistake and he is going to release tomorrow.
Said he was going to write up one. i don't recall saying when he would release.
4/16/2014
Folks. Hold on to your shares like white on rice baby. Extreme upside just around the corner. You will NOT be able to time it!!!! Get I first thing MONDAY!!!!
What happened man? U mad?
Do yourself a favor and look at the gov. Backing of the project and pipeline projects that are going to add to accounts receivable. Once you do that, you will rethink the statement you just made. If you do not, then we all see whats up ;)
Yessir. Holding half my position until 2018 at a minimum.
Sent and thank you for that great message about Memorial day.
Btw, whats up! I live in Pooler.
Shoot me an email.
Shoot me an email, i have a word doc that I set up with the google earth shot and the plan, then i have a pic of it superimposed. Kinda crappily lol. I am mobile so I can't post the pics on here. If u want them email me at rankin1983@aol.com. Maybe someone can do a better job with the superimpose aspect.
The 10q stated as "as of 16th" so that was the current o/s at that time. From Aprils tweet from Manu, the o/s was 300mil or something close to that. So in a month they diluted 300mil. This was reflected from the big drop. I would imagine, we are not much over 700 mil at this point. But that is just a guess. Pretty sure Dilution is done or atleast slowed significantly. as for Friday, i believe the close after it went up to .005 was due to profit takers that were riding the reversal play. We will probably see more profit taking next week but I think that will be after a significant move upwards.
Haha nice
Noticed that Storage 24 is streaming on Netflix. Does MDNT get that money or did they acquire the rights afterwards? Thanks for all the intelligent convo here on this board!
Can't argue with that! I was more saying that regarding investor confidence. For me it has been an absolutely amazing opportunity indeed!
I really don't think Manu understands what he is doing when it comes to the PPS. Diluting it below 1 cent was not smart, i hope he get's that and/or has enough from the sale of common shares to stop diluting for awhile. If he finally get's it, he is going to just let it go. Remember, he converted a 660k loan into common shares at a conversion price of .064 in Feb. So in other words, when he did that the 10mil shares he converted it to was only worth around 70k. So he obviously believes this stock will be worth much more. He just needs to realize that if he dilutes this past a billion share O/S, it is going to take alot of work and time to get back to where it was. Anyway, i think dilution is about over/ i hope so lol. Holding past 2018 as long as construction continues at the mediaplex site.
The 8k from 8/27/13 seems to indicate that Effingham industrial authority is paying up to 300mil towards the construction of the project and MDNT will be leasing it and running it. From various news articles I have read it would seem, the only costs that they will have to pay is for the plans, studies and design. That is why I think this giant mediaplex is possible! Read it an let me know if you feel the same way. I know the politicians around this area are going wild for the idea especially given the opportunity to compete with Atlanta's growing film production. As long as Manu doesn't dilute this to close to the A/S, this has serious potential to be absolutely massive as construction continues over the next year.
Read his tweets, preparing a Cannes report Monday and then there is some interesting financing info in this:
https://variety.com/2014/biz/markets-festivals/cannes-medient-bows-high-tech-plan-for-georgia-studio-1201182431/
Hey guy's, got picks of the office in Savannah and the new road into the Effingham property on Twitter. @benrankin23
Diggin it. No dilution either. This might get diluted if it get's over .0025 but down here it is just us. Should be fun, especially with anymore details on the million a year in rev company aquisition.
IHUB has the PPS and volume all jacked up on the main board lol.
Yep, looks like the bid is growing. Not much on the ask either
Yep, anything under .0015 should be a good investment IMO. Gonna go fast though, looking at L2
True story.
Setting up great on L2. Easy runner
Yeah it really thinned out after the initial buying. Should run pretty well tomorrow. Great bid support to boot.