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Lol, its funny that you know that.
I do not think this is end. I think it is good news. Manu said in his press that he is going to fight to regain control. Should be interesting...
I think DPS is legitimate too. Honestly, it can not get any worse than the way Manu is doing things currently. So someone with 16 years experience can certainly tell him what the penny marketplace is looking for.
Manu needs to understand traders better. Because traders are the majority of his shareholders whether he likes it or not.
It will be interesting to hear what they have to say.
Yeah factoring. The book value was .05-06 before all this dilution. It probably would have ran up to the level or more if Manu would have diluted slowly. He could have diluted at a much more controlled pace.
How about selling your receivables at a discount then diluting at much higher prices. That is what Manu should have done in the first place.
It looks like this Timothy Stabosz is a activist investor. If you Google him, he has done this type of complaint before. See below.
http://www.rttnews.com/2135345/timothy-stabosz-offers-to-buy-scott-s-liquid-gold-ceo-s-shares-at-50-cents-shr.aspx
http://www.nasdaq.com/press-release/major-pf-industries-shareholder-demands-the-immediate-resignation-of-directors-kenneth-m-scheriff-20140505-00200
Horror movies usually have lower ratings. Look at the best horror movie you have ever seen and look at its ratings.
I watched storage 24 and used to watch a lot of horror movies when I was younger. I would say it was a slightly above average horror film. There are some terrible horror films out there. The camera work and acting was actually pretty good compared to some lol.
It made quite a bit of money at the foreign box office and VOD.
Manu said on twitter he was not selling anymore Yellow debt this month. So that will likely be converted at a later date or paid off when the account receivables are collected.
I believe I had to go back to the 10K from 2013 or maybe one 10Q prior. It looks like it was converted to common stock at $0.40.
The Dennis Davidson news is some of the biggest this year IMO. We can be assured that Yellow's value will be maximized.
Yeah for sure, if you read articles about it, Cassavetes was using his family members and friends who word work cheap or for free. So they were able to save a lot of money producing the movie.
Agreed, that was stupid to promise that. A stock buyback something that should be considered carefully with the board of directors. It should depend on the price of the stock. Not sure why Manu would promise that on twitter. It comes off as unprofessional.
Never mind, I found it on some of the older financial statements.
Pankaj Rajani must be POed. Some of us are down thousands but that guy lost millions when this stock went down.
Debbie, were you able to figure out where that Pankaj Rajani debt was listed in the financial statements?
Agreed, hopefully he lays off the share issues in all areas. Shareholders certainly deserve it.
Its 40M you clown for phase 1. The project is split up in phases which I am sure you are aware of. Once the studio is up and running capital will come much easier.
Manu says no further debt sales in June. See it on his twitter.
Timothy Scott shafer ?@timothy_shafer · 1h
@manukumaran the 600k still owed to yellow debt holders is that total as of today or a few days ago? could a portion of that be done already
Manu Kumaran?@manukumaran · @timothy_shafer these are the very latest numbers but no further debt sale in June
Its a love it or hate it type of movie. Look how many 9's and 10's it got.
Manu could possibly use the accounts receivables to pay the remaining debt. Those are due in 3rd quarter according to the 10k.
All retail selling so far. Just need to get through these flippers. There are a ton of them.
Do you have a share update today? Thanks in advance.
A lot of flippers are selling this morning for 20% profits.
The IDA just paid 800k for a well on the Medient site. I am pretty sure they are comfortable with Medient. They must believe this project is moving forward.
Agreed this could be a big deal, I hope Manu says right in the PR that this was necessary in order to get bank financing.
They are not even using the bonds currently. Do some DD and get your facts straight instead of bashing.
He has already said the company does not pay his expenses. This has been posted so many times and is totally false. He has a lot more money invested in this than people realize.
Lets not forget that Manu promised an investor conference call next week. Hopefully, he will shed some light on why such aggressive shares issues were necessary. This PR expected tomorrow could be a big deal. Only time will tell.
I am pretty sure that is just box office your stating. It does not include DVD sales and other royalties.
Is BMAK the only one diluting today? That's what it has looked like to me. VFIN has been on the top of the bid and the ask.
I think Manu will answer your question on why the Yellow debt needed clearing when the PR is released or on the call next week.
He probably thought the cases would be settled in time to release.
He is likely clearing debt to get financing for the studioplex. Keep trying. Yellow has a great cast and director. This movie is obviously worth quite a bit.
Yellow was tied up in court cases. That is why it did not release. Those are over now. I am sure he wanted to release earlier. They just released the date a couple of days ago, give them some time to get it on websites etc.
A twitter announcement is different than an official announcement. They have never officially announced a date until this week.
These next few months will be huge. Here are some of the things that can be expected in my opinion.
1) They will close financing.
2) They will collect 5M+ in accounts receivables.
3) Release Battle for Banaras on 8/15
4) Release Yellow on 8/29.
5) Finalize the technology partnerships.
6) Begin construction of the studioplex building.
This is trading at a 4M market cap. How much do you think this will be worth when Medient is cranking out 8-12 movies a year and renting out the Studioplex to other producers??? This is two years away assuming the Studioplex is up and running by EOY. Additionally, collecting on the ridiculous amount of state incentives that Georgia and Effingham county provided. There could be well over 100M in incentives alone between the land, cash payments for meeting job requirements, tax credits, and property tax waivers for 20 years.
I hope people loaded up some shares. I have averaged down quite a bit lately at these low prices. I believe this is about to turn up. The ideal situation for this week is that Manu releases news that the Yellow debt has been 100% cleared and that it was a necessary step to get bank financing. I believe this would send the stock into an epic run. An announcement of a CFO would not hurt either.
The huge O/S increase sucks but this company is closer than ever to a breakthrough. This breakthrough could start any day with bank financing announcement followed by unheard of revenue for a sub-penny stock. If everything falls into place, the technology agreements will be signed. Other partnerships will be announced. Once the Studiplex is built and Medient makes movies/rents out the Studioplex to other producers we will see revenues that can only be imagined right now. In 2015-16, if everything goes according to plan I believe this will be on the NASDAQ. Stocks with stories like this do not come around everyday. I have never heard of a penny stock with such ambitious plans and so much progress. The most you can lose is 100% but the upside is tremendous.
Did you guys see this movie poster someone put together on twitter? I thought it was pretty funny.
https://pbs.twimg.com/media/Bo6J0KYIYAAaePN.jpg:large
What do you think the share count is? You have been pretty accurate in the past. Thanks.
The movie had several lawsuits against it that finally cleared recently. I am guessing that the judge did not allow the movie to be released until after the lawsuits were settled and judgment's paid.