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Verified Atlas movie. http://www.thefilmcatalogue.com/catalog/FilmDetail.php?id=15229
If this website is to be believed, then you are correct! Great find! 58k in 9 days reported in limited theaters. Rotten tomatoes didn't like it but 6+ rating on imdb isn't awful.
http://boxofficemojo.com/movies/?id=girlonabicycle.htm
Valentine's day was two weeks ago...
Just remember, they are here to make money too. They just go about it a little differently than the rest of us. Lol!
Great buy down here at these prices...
VFIN at .009 everyone else above a penny
V brothers sitting at 1,1c nobody there to bid whack!
All this needs is some ask slappers and we are back above a penny easily.
Jacuzyy, can't PM.
Any way you could PM with the new info you have?
Clear double bottom now, good call on the close. Hoping we can see green.
"Keep calm, and keep reading"
Here's some facts. Good DD buybio2.
I bet he didn't bail, but we broke the par sar yesterday. That's a pretty big technical support.
One hit wonder "boats and hoes"
Is this English?
I'm sure he is reviewing SEC filings. As of February 13th the OS is 140M.
Of course Yellow is on the books...
However, in Manu's 6.4c per share book valuation Yellow is not included. Shareholder equity does not account for an asset that has not yet incurred revenues.
As for the 200k per month, I will wait until I hear that from the company. If that is the case, so be it. I will take my chances on their success.
AS is 500M and OS is 141M per last 8k
Yellow next month?
I guarantee they will NOT have cash on hand in 10k to build studioplex. I do believe they will have sufficient cash assets to pay off bond payments which begin in 2 years!!! When I began buying MDNT, the pre14C had already been filed. The 5B AS does not scare me. Manu was willing to convert 660k in debt at 6.4c per share if the sec will allow the increase. Go ahead, raise it! There is clearly a plan that we cannot be told about yet. This company has endless revenue opportunities and so far a very solid balance sheet. Their biggest asset (Yellow) isn't even incorporated in book value, so that number is only going up. Also, the TCA and MAGNA notes CAN be used for a US film marketing campaign or a budget for new movie. So even if they are converting, that means revenues are coming too!!
I'm going to give them a bit longer to execute their plans. Only time will tell who was right, until then we can only speculate.
I am referring to approval by SEC.
You and BB seem to have turned so quickly. The post I replied to was only 5 days ago.
There's an 8k filed with the SEC, conversion takes place when AS increase is approved. If dilution was the answer, why would he convert after increase has taken place? Get facts...
8-12 movies a year with budgets $2M-$40M per movie. Which one would assume, means they expect revenues close to double that. Yeah, show me the money.
Let's make sure we can knock out VFIN first who is at .0085
L2 looks good!
Yep, VNDM is now up to .011 on the ask
5MM share buy just went through.
Not concerned...
Par sar broken
So they lied in their SEC filings...
HOLLYWOOD, CA--(Marketwired - May 29, 2013) - Medient Studios, Inc. (OTCQB: MDNT) today announced that Atlas International Film GmbH ('Atlas') and Medient Studios, Inc. ('Medient') have entered into a Memorandum of Understanding ('MOU') under which Atlas will act as sales agent for Medient's initial slate of movies.
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.
Founded in 1967 by the Menz family, Atlas' core business is the worldwide licensing of feature films, series and documentaries for all media. The Menz family also owns American Atlas International Films Inc. and the production companies Atlas Film & TV Production GmbH and Menz & Friends GmbH.
Philipp Menz, President of Atlas, stated, "This MOU consolidates our relationship with Medient with whom we already enjoy an excellent understanding. Further, it will add a consistent flow of quality movies to the extensive product that we already exploit."
Medient's Chairman and CEO Mr. Manu Kumaran stated, "Atlas has a long and proud history of marketing and selling movies and we are delighted that it shares our vision. The formalization of this relationship is one step further in creating the circle of strategic alliances to realize the mega-studio complex in Effingham, GA."
I'm not sure where the 30MM is supposed to come from because we have not seen Atlas books. I agree 100% company has done nothing to give shareholders comfidence, but they must have a good reason to raise AS if Manu is putting 660k on the line at a 800% premium to market.
I think most of your concerned are rooted around lack of income, right? What happened to all these Atlas assets that could be sold for up to 30MM? Also what would be the motivation of keeping stock price down? Insider buying? Stock buyback? I just don't see any advantages?
He's got something up his sleeve.
The State of Georgia, County of Effingham, and Atlas know more than we do. They went all in!!!
I am doing the same...
It is trading just fine at .0105
I will be! The boat is already loaded, picking up more everyday...
Interesting, I was not aware of that. What do you think about the OTCQX uplist announcement? Do you think they may have a trick up their sleeves? I'm just shocked at how confident Manu seems through his words and actions.
What worries me about debt to equity conversion is the language regarding conversion occurring WHEN AS increase is effective. If the AS increase is denied again, will the debt to equity conversion still be valid? Or is this a bargaining chip to show the AS increase is in good faith and not dilution based?
Once again, I think the positives outweigh the negatives here and I am long on the stock. I think this bad boy is going to escalate quickly with the current OS of only 141M. Just need some big buys to come through, and then we are off and running.
I think we are due a big PR which details the Atlas assets sold in Berlin. Hopefully these figures are close to the 30M sales advance Atlas originally discussed. This would solve your toxic debt scenario, but obviously all your points are possible. We should not be here speculating. The CEO should set us all straight and we wouldn't be sitting at a penny.
I don't believe the filing reflected a reverse split. Par value remained .001 even in NVSOS filing. If reverse split were to occur, par value must change to .01 given it was 10-1.
BB, what do you believe they are going to do with the 5B AS judging from NVSOS filing? I know you've been on this board awhile and are very familiar with the parties involved.
Company anticipates 32M in revenues on a 14M budget. It won best feature film at the Catalina film festival. I'll take my chances. Good luck getting your shares.
Spot on here! Also notice the state of Georgia and county of Effingham are tendering bonds for over $2 per share of common stock. The studioplex will be over $1 per share in equity by itself.
This is a billion dollar company in the making, and we are on the ground floor.
The state of Georgia is the biggest advantage IMO. Huge tax benefits especially compared to Hollywood. They can shoot any type of movie on campus and enhance it on site to make it look exactly as they want.(rainforest, cave, whatever.) I would also assume the housing is for producers, actors, etc. but once retail is involved it could be more of a tourist destination.
I believe he means post production of video games... Not gambling games...