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Effingham County IDA meeting on March 20th where studioplex revised master plan is due. March 17th OS expected to raise but CEO is converting 660k in debt to equity at 6.4c per share of common stock same class as ours. 10k on the way to see Atlas assets and revenues from recent acquisition. Check it out, I believe it is a great long term play.
"As of February 13, 2014, the Company’s authorized capitalization consisted of 500,000,000 common shares, par value $.001, of which 140,418,483 shares were issued and outstanding, and 50,000,000 preferred shares, par value $.001, of which 10,000,000 shares, designated as Series A Preferred Stock were issued and outstanding."
OS is not 5B it is 500M. Sec filings don't lie.
500M AS 140M OS
That is hilarious! Second ridiculously funny post of the evening.
Lol, nothing to get loud about. Need contract news or something to get this going.
Your statement described every stock ever. 6 consecutive sessions with higher lows here. They all go up, and they all go down. If they only went up, it would be pretty easy to invest. I believe this company will go up, much more than it goes down. Make your own decision, and quit badgering people for no reason. It just makes you look bad.
Not many shares left to be sold. Perfect.
There's definitely more shares behind that wall, but notice how some buying pressure moves VFIN up the ask. Now sitting at 1.2c
I know I said he, but remember it's a computer. They play both sides frequently.
I completely agree. VFIN was on the bid when we ran up, but is sitting on the ask at lower prices. There's definitely games being played here. He hasn't sold really any shares, I think it's a retail scare to get some cheapies.
Clearly they believe the pps will recover. I'm pretty sure Atlas owners are more knowledgeable on Medient Studios than anyone on this board.
That spread is ridiculous, need it to tighten up a ton!
http://www.atlasfilm.com/news/product---corporate/atlas-international-and-medient-studios-join-hands.html
Paid 5M shares for acquisition of Atlas. Expected to bring up to a 30 million sales advance.
"Under the terms of the MOU, Germany-based Atlas will provide up to $30 million as a sales advance to form part of the financing of the movies in the slate. Medient's output is expected to reach 8 - 12 movies annually with budgets ranging from $2Million to $40Million."
Georgia' film industry generate $3.3 billion last year. That's BILLION, with a B. There's plenty of filming already in Georgia, and Medient will thrive off that through versatility and cost. You can't build Rome in a day.
http://www.georgiatrend.com/February-2014/Ready-For-Its-Close-Up/
The conversion is set to take place when DEF14C is filed, which is currently expected to be March 17th. 8k filed with the SEC.
Wow! Rough start this morning, but it recovered well. I would have liked to break 1.3c to get above the 50 day MA. Still boatloads of info to come out that we don't have answers to yet.
Atlas Financials
DEF14C w/ Manu's conversion (March 17)
IDA meeting for revised master plan (March 20)
Chart still set up well, but now it's time to wait. GLTA!
MDNT long!
I absolutely love the twitter argument. Give the dude a break. The dude may work 100 hours a week and spend 10 hours on Twitter winding down. Completely baseless.
You will hear anything from no bid to $10 a share. Do your own DD. After my personal DD I believe a $250M market cap is very realistic in one year. If the OS stays at 141M then I believe $1 or more per share is very possible. I am long and optimistic here, but with all they have going for them we won't be down here too much longer. IMO
Lol VFIN did not put us here. Retail selling put us here. Let's hope we get a decent recovery here.
Do you not think this company will have a $14M market cap? That's all it takes to go to 10c. They are building a $90M studioplex on 1500 acres.
Can't find a way to share it, but Atlas assets will be on 10k. If you look at the exhibits in Edgar you'll see they were signed December 30th
We will also see Atlas assets on the 10k. Although they didn't PR it until January, deal was done at the end of December.
Well now that you own zero shares, at what pps will you leave this board alone? 2c? 6.4c?
Here's another chart with some different indicators. All of these support what DPS is referring to. MFI bounced off the oversold line (now at 59), Fast Sto broke through 50 and is above the slow Sto, and the accumulation/distribution line is pointing almost straight up. Gonna be a great run, hold those shares tight.
http://stockcharts.com/h-sc/ui?s=MDNT&p=D&yr=0&mn=4&dy=0&id=p63092519943
I try to avoid speculating on pps. I believe this company should soon realize a market cap of over 100M and with only 141M OS I think anyone involved will do well. They're building a $90M studioplex which is backed by the state of Georgia. These next few weeks should be fun.
500M AS 141M OS
All the V boys are at 2c or higher.
"On February 10, 2014, the registrant issued a press release regarding the future conversion of $660,000 of personal debt owed by the registrant to Mr. Manu Kumaran, the registrant’s chairman of the board and chief executive officer, into 10,312,250 common shares at a purchase price of $0.064 per share. The conversion by Mr. Kumaran was approved by the registrant’s board of directors.
These shares will be issued once the increase in the registrant’s authorized shares has become effective."
Most recent 8k regarding debt to equity conversion.
BB is confused on dates. The 20th is the IDA meeting when Medient will be presenting their revised master plan for the studioplex.
That's when Manu's conversion will go through, awesome! 6c here we come!
You are aware this ran before the news hit, right?
Nope, just trying to break DPS called resistance at 1.5c gonna be some volatility.
That 1.2M wall at .0140 just got knocked down in a hurry! Wow!
"Medient-is-aggressively-seeking-to-enhance-shareholder-value through organic growth, and building a widespread retail and institutional shareholder base. Being in S&P is an important part of this process."
MDNT up big already today. Reversal chart!
"Medient-is-aggressively-seeking-to-enhance-shareholder-value through organic growth, and building a widespread retail and institutional shareholder base. Being in S&P is an important part of this process."
And boom goes the dynamite...
Drying her hair!
That was too easy... Here comes the real run of the day. Par sar flipped, 50 day MA broken. Do we break 1.7c in the same day? Sure looks like it.
Par sar is next!