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Looks good to me, OS is 140M as of today.
Nvsos?
To try and make some MONEY!
I've been looking for you, where you been? Hiding in a corner? Shorts are getting nervous.
Doesn't look like so right now, but that may change.
This would sprint to $1.00
Let him keep posting old articles.
I may post some later. LOL!
Where did our group of bashers go?
May not have a choice.
5 million bid same spot
Consolidate to 0085
Will you let me get some .0085 's first please... I would appreciate it...
Looks like multiple different news articles were released about it over the past few hours.
Medient CEO 'puts his money where his mouth is'
http://m.savannahnow.com/effingham-now/2014-02-11/medient-ceo-puts-his-money-where-his-mouth#.UvqtHHme2cw
All the indicators are there, but you cannot predict the market. If you are right, we will all be very happy.
Tomorrow may be the day...
The V's are at 1.1c
I noticed that after the fact. You seem to know your stuff. GLTY
You seem to be very well versed on MDNT. Why did you recently create your profile?
That's how I read the PR too. It must be a mistake because OS on January 22nd was 144M. Dilution would have been every other share which didn't seem correct.
Almost 1.8M share buy that just showed up. Hopefully that helps us tomorrow.
Awesome, clearing isn't done on Google Earth so it's hard for me to put all the geography together. It was listed as Manu's address, but that could be the company too.
Yes, how near is that to the studio clearing?
Then the PR is inaccurate. Shareholder equity/book value pps = total OS.
Book value will clearly rise with a decent yellow release, but it's already way below BV. It's due for a good run.
"$0.064 per share, the book value of the company"
Over 16M in shareholder equity. Simple math, 250M OS.
Nothing has been filed to officially change AS so it's still 500M. I believe pre14C was just to show they could handle Atlas debt and will never file final paperwork.
Look it up.
10Q is quarterly, 10K in annual. Only three 10Q per year and one annual. Annual is due April 1st.
You are referring to the 10K and yes, I believe Atlas assets were antidilutive to only give up 5M shares and that will reflect soon, but will not show on a 10K. I am just stating that right now, today, this stock is almost 90% below book. Market correction will eventually happen, and even more revenues are about to be flowing.
Looked up address listed in nvsos filing and in Google maps there's a large home near there. Could this be the executive lodge until studio is further along? You seem to be very familiar with the area, and it is just too far for me to travel.
He told us in his press release today, OS is 250M. AS is still 500M and a I believe you are talking about the PRE14C. DEF14C must be filed to make that change, to 5B, and it has not been.
Manu- Medient Studios has delayed construction indefinitely because of the rapid expansion of marijuana plant growth on the 1500 acre property.Originally we had intended to only use a few hundred acres, but then we realized the potential growth for the industry and the revenue it could generate. "Yellow" is now called "Green". Oh and the Atlas thing, we got the Meinz Bros really high so thats why we only paid 5M shares. We are also looking into changing our company name and ticker, please send all suggestions via Twitter. Now aren't things CLEAR?
Just Kidding.
I believe you are correct, and although this is immaterial I believe they can purchase the land after the lease for $100.
We have known about the possible AS increase for a couple weeks now. I wouldn't be surprised if the SEC allows it.
It could be to cover the 5M in Atlas debt, and if it is, it would never be issued, but more of an insurance policy if "Yellow" and other revenues were not as expected. 5B AS at par value of 0.001 is 5M in authorized capital.
Until we get a PR or SEC filing this is all speculation. In my opinion, Def 14C will not be filed and possible AS increase will expire. I know someone will correct me if I'm wrong, but I believe Tuesday is the final day that can be filed without issuing a new pre14C.
Luckily we did not receive any PR on Friday which is usually when bad news comes down. Hopefully we get a mega PR Monday morning and this thing runs all week.
I have never seen any volume requirement for an OTC, but that doesn't mean one may not exist. They would be doing it for fundraising. By buying back their stock they can lower the AS to create demand, scoop up millions of cheap shares, and resell them later at a huge gain. They could even use those shares to pay off Atlas debt everyone was worried about... AND THEN SOME.
If this is what it looks like, everyone here will be doing just fine.
Looks to me like they may be issuing a new class of common stock with super voting rights, and obviously reducing AS. Preferred stock is not mentioned from what I can see.
Previous Stock Value: Par Value Shares: 550,000,000 Value: $ 0.001 No Par Value Shares: 0 ,Total Authorized Capital: $ 550,000.00
New Stock Value: Par Value Shares: 500,000 Value: $ 0.001
Par Value Shares: 50,000,000 Value: $ 0.001 No Par Value Shares:0
Total Authorized Capital: $ 50,500.00
In addition to stock buyback, which is my opinion, this could also be issuing of a different class of common stock. Anyone talking about a reverse split, cannot read and should not be trading pennies, or even handling money at a fast food restaurant.
Also, the math adds up. I don't see the error some were talking about. Notice, they did not reduce AS 10 to 1. Therefore reduce capital 10 to 1. They reduced one set of common shares to 50M, and created a new set of 500k. So AS was reduced by 499,500,000 shares 90.8%. Authorized Capital is taken at par (arbitrary value stock price on the books), but anything above this is recorded in excess of par and is convertible to cash. Said cash can be used to buy back those same shares at a lower price. If this is true, 10c target for OTCQX is a joke.
Or the whole thing is a scam and Manu is sitting at home laughing....
We will find out soon enough, but I don't think he is done with news and PR's for February yet!
No, this filing is not indicating a reverse split. If a reverse split were taking place it would be 10-1 which would change par value to .01
MDNT cannot up list to OTCQX within 6 months of stock split. Also, if reverse split were taking place, par value would reverse split too. Although par is an arbitrary value, it must stay relative to the shares during split or reverse split.