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I think $5 should be easy with the expansion into corporate stores plus international expansion. I am looking for $6 or $7.
I just want to understand why people who have no vested interest in a stock decide to bash a stock. It just seems like a total waste of time.
Are you short MDNT?
Its funny how these bashers are experts in everything. One worked in the movies. The other is a real estate specialist in Georgia. BB has insider information that no one else has. lol
I thought you were done posting this morning. We have heard your thoughts. We will do what we think is right based on our DD. We will see who is right in time. We are tired of hearing your bs.
They have said Yellow is coming out this year. They seems pretty adamant about it. No dates released yet.
I think you were telling us a week or two ago that VFIN was retail and that all the selling was retail. You seem to be flip flopping quite a bit.
Koppelman has even less followers. I am not sure twitter followers is that big of a deal. Medient is not exactly big time at this point. They have only released one film in the last year. Hopefully we can get there with the studioplex. If you look back through his history, he talks to actors and actresses. I have watched storage 24 this is a legitimate company.
Yeah I am long the stock but the tweets are starting to get old. We need some real updates.
Yeah I have noticed that pattern too. There always seems to be a Sunday bash fest of MDNT. The trading was looking good toward the end of last week.
Looks like you ignored the majority of IMBD reviews that were very good. This movie was twice nominated for awards at festivals and won an award. There must be something appealing about it. It is an artsy type of movie. It appeals to a certain group of people.
Also, the company had realistically represented it balance sheet with storage 24. They listed the asset at about 5M and have proved its worth with revenues collected. So I am giving them the benefit of the doubt for now with Yellow. They do not claim to have any other substantial film assets.
Who promised it IR?
A lot of people have commented on why they believe the studio will be unique. I agree with these reasons. The true value here is in the stock valuation.
The market capitalization is only 1.4 million currently based on the last O/S count of 140M The book value was recently stated at .064 per share. It is unclear whether this book value includes the assets acquired from Atlas Films. This could potentially increase the book value. The IDA has given Medient 1.25M in site development money almost as much as the market cap. Plus authorized the issuance of up to 300M of Industrial development bonds. Manu has stated that the film Yellow will be released this year and it will provide substantial revenues. There is a lot of uncertainty, questions about revenue and fear of further dilution. I think we have some margin of error with the current valuation and when clarity comes it will be too late to buy. Based on the current numbers I believe the stock is at least worth .10 per share. Possibly much more depending on how well Yellow is received or if the studioplex is built without too much further dilution. GLTA
I was able to pull up Manu's page. I do not follow Jake.
If you look back, the vast majority of their recent PRs are on Monday or Tuesday. So I think there is a good chance we get something positive early next week.
At what price would that be currently?
I think they are targeting the summer for phase 1 being complete. I posted an interview awhile back where July is mentioned. I think it is pretty clear they will not have it ready by end of Q1 due to the delays.
I agree with you to some extent. I found it surprising that the O/S stayed at 140M between Jan22 and Feb13. I would think this dilution is just temporary until they are able to generate revenue from movie sales. Several other positives: I have never seen a penny stock acquire another company(Atlas). The Manu debt conversion was also encouraging.
However, there are several large question marks. I do not understand why they would increase the A/S to 5 billion. This makes it seem like they plan on further dilution. If they have a plan that is shareholder friendly, they should communicate it. Additionally, every deadline keeps getting pushed back. The release date for yellow and the studioplex. Some of the that is understandable especially with the studioplex but there is no communication on any of this from the company. We are just left guessing.
What MM is on the ask today?
How do you know the bonds are done, placed, and finished? I have not seen any press release.
Looks like Manu has not responded to the hot actress who tweeted him in several days. Hopefully this is a sign he was too busy making deals in Berlin that he will announce this week!
https://twitter.com/ManuKumaran
This was shared about a month ago. Wanted to re-post it so new investors could see it. Here is an interview with Ashley Borders: Associate Vice President - Corporate Communications from about a month ago. She provides a lot of interesting information toward the end of the interview.
http://www.thecreativecoast.org/podcast/the-front-porch-with-ashley-borders/
Retail selling killing us once again today. Excited for next week. It seems like those who wanted out are out and there are not many shares left until we get to higher levels.
Did you get your shares?
Spoke too soon.
I think I will add today if I can get in under my average cost at .01-.011. Market cap of 1.4M is ridiculous for a company that has made so much progress this year.
Lets not forget that we also own Atlas now. This should bring us substantial revenues on a quarterly basis. I think management ran into a cash crunch in recent months but we should be in good shape with Yellow being released soon.
Just got home and was able to look at the new information released. Looks good if there are only 140M shares outstanding. One question I have is how did Manu calculate the book value for his conversion. Shouldn't the conversion be at around 0.114 rather than .064 if it is based off the last 10Q?
Dr. Pennystock what do you make of today and what do you expect for tomorrow? I am more of a fundamental investor but find your T/A interesting.
Love seeing the bashers. Hopefully we will see this hit .02 this afternoon.
Did anyone catch yesterday approximately how many shares would need to be bought to get to .02?
Haha, well some are better than others. That article is sort of irrelevant at this point. Hope Dr. Pennystock is right about tomorrow. I would love to see at least .02.
He keeps posting old articles. This one is from almost a year ago. See the link below.
http://www.nbtequitiesresearch.com/report/initiating-coverage-medient-studios-inc-mdnt
I think the communication has been poor. When you are diluting 100M shares a month and then you increase the Authorized to 5B, it looks bad. 1B would have been more acceptable to me or an explanation of why they are doing this 5B. I am substantially long the stock and I believe we will bounce eventually. It is risk versus reward at this point.
I hope that is true. I know it is pure speculation but what A/S do you believe the SEC will approve?
Why do you say it does not look like it will happen?
I think they have probably raised 3M from all this dilution. 200M*.015. I wonder how much more money they will need before this stops.
That sounds like a real thorough analysis.
It is being diluted. The fundamentals suggest that it is worth a lot more. If they stop diluting, it could be an easy 10 bagger IMHO. If you look at the terms of the Atlas acquisition and the debt conversion today, I am hopeful this dilution is close to being over but many of us have been hoping for weeks now.
Last official count was approximately 140M on January 22nd.