How many shares outstanding does you analysis assume? From todays press release it looks like 250M outstanding. 16M/250M = .064. Even with the dilution, I think this has great potential. We just need the dilution to end.

I would assume the PR announcing a deal has to be close since the release date is coming up very soon.

Thanks for the information. Did not realize that.

Maybe Yellow is one of the deal closings that Manu was referring to.

I think we need to hear that Yellow sold for an amount at or higher what they have it as on the balance sheet. That would take care of cash flow for the medium term as we get the Studioplex going.

You should ask him if it was supposed to be 5B. He seems to answer your questions. May be worth a try. Agreed that would be a pretty large error.

The 5 billion A/S is scary but Atlas accepted 5 million shares or $40,000 for the equity in their company. This is a company that has been in business for 50 years. Why would they do that if they did not expect the price to appreciate greatly? It's tough to be long but I think we will be ok in time.

Manu confirmed on twitter it is a typo. https://twitter.com/ManuKumaran

If that is true, the people on this board probably own half of the company.

Seems like a long shot since only 193M shares have traded since then and no upside movement but it would be awesome if that were true.

What do you mean?

Can someone post level 2? I was curious what it looks like. Thanks in advance.

This looks like it is about to take off.

I think everyone is overreacting. A split does not impact the underlying value of the company. We are all just speculating anyway. We do not know what is going to happen. The stock is starting to make a nice run today! Hopefully this continues.

I think it means a 10 for 1 reverse split will be announced shortly. Makes sense for the up listing. That authorized value is pretty much meaningless. It is the number of shares multiplied by the par value. Overall I think it is good news, same basic shares authorized structure just divided by 10.

Not sure. Was trying to figure out if we have access to that.

Looks like there is an update on the Nevada Business registry. Good as far as I can tell. Same share authorization structure but reverse split? Check it out, I am not too experienced with this type of thing.

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=5oQjpZ77QeRF9IT8H2KNcA%253d%253d&CorpName=MEDIENT+STUDIOS%2c+INC.

I do not know how accurate this is but I think BuyBio said that management expected 30M+ revenue from Yellow in one of her conference call summaries. That would be amazing and take care of any cash flow problems plus send the stock soaring.

Yeah agreed. I think Yellow will make quite a bit of money this year. If you look on IMBD the critics reviews are very good. I do not think it appeals to everyone but should find a good niche audience.

He replies to someone named Melanie Griffith on January 22nd and says it is coming out this summer. I think that is considered the best time to release a film as far as sales go.

Manu said that Yellow was coming out this summer on Twitter. So I think it must have been moved back.

Do you know who was giving the presentation for Medient?

That is pretty encouraging from Manu. I may buy some more today.

Some of these messages are too funny. Why would you write them unless you are short or want to buy shares? This would be the worst possible time to sell.

Manu better have a good explanation for this price decline or he is going to get laughed off the stage today.

I wish Medient would record the presentation so all of the current shareholders could hear it. I am assuming we will see the PowerPoint deck posted on Edgar in the next few days.

Where is the 8.4 million number coming from? Are you saying that Atlas is worth 13-14 million?

Thanks.

Where is the 8k? Weren't they obligated to file it yesterday? Its been 5 business days now since they announced the Atlas Acquisition.

Hello Everyone. I have been following the board for the last couple weeks and I have been adding shares. I see ZoomInfo estimates Atlas revenues at 10M-25M. If this information is correct, I would assume that Atlas is profitable making 1M-2M. Applying a 10 multiple to earnings I assume a 10M-20M company. Does anyone have any thoughts on the worth of the Atlas Business or any other info on their financials?