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The 10 million is the land and the other 40 million is the equipment. So that last 40 million is important.
Take it for what you will but manu just posted this on twitter.
Manu Kumaran?@manukumaran ·
Averaging 11 meetings per day here so can't respond to individual tweets but our plans are on track..
Who did you speak with?
Me too. I am giving him May and then selling all my shares. I need to see him come through on some of his promises.
He certainly would be in one of Dante's two lowest levels of hell. For fraud and betrayal.
Is this idiot Manu going to come through on anything. Here we are in late May. He has completed 2 out of the 6 items on the activity guidance. He still has not completed the most important 4 out of 6 items. Will he ever do what he says?
Why are we even paying Charles Koppelman? Is he doing anything??? He has been at Medient for six months now and the stock continues to decline.
Construction is supposed to start this week. Lets see what happens.
Here is an article on Battle of Banaras. I thought it was pretty interesting.
http://www.telegraphindia.com/1140519/jsp/nation/story_18357581.jsp#.U3pw7yLD-P8
I have no idea if they have any outside deals. I would be hard to see Prime Focus giving them a loan without them having a plan. Maybe Prime Focus is supplying all the capital. Who knows but I think we will be finding out soon.
If they stop diluting or dilute slowly this could run to a couple of cents very easily. If Yellow is a success, I think it could run much more.
Keep in mind that we have several film releases coming up and construction starting this week. No T-trade was interesting today. Maybe tomorrow that will hit us with some big news.
I almost wonder if they have a string of PRs lined up. A lot of time has gone by since their last substantial PR. From the articles last week, it sounded like they had news that shareholders were unaware of.
My hope is that they stop dilution then hit us with a bunch of substantial news. If you look at the activity guidance, they still have quite a few substantial things they are supposed to report on this month.
Yeah that is two investor conferences at the end of the month. It seems like they have a lot of big news lined up.
Looks like Medient is presenting at SeeThru Equity's next conference later this month on the 28th.
http://www.seethruequity.com/#!upcomingconference/cc6n
Could be a big week. The articles stated construction will begin this week and Manu said in the past he would announce financing before they begin construction. So lets see what happens.
I think they are going to provide the release date for Yellow tonight at their party. Medient's twitter is saying there will be more updates today and tomorrow. This is my gut feeling.
Yeah that price is crazy low. I think we will make some money off that. I thought I read somewhere they were using film students. Maybe that is why it was so cheap.
Are you sure about that? Would not be surprised if they miss again even though Manu made it sound like it would be delivered today.
The amount of buyers is impressive today. A lot of volume.
Agree, you could see this late filing coming from a mile away if you have been in this stock long enough.
Looking back to the 10K and the conference call, it almost seems like that was an act to dupe shareholders. They were filing everything on time and talking about how addressing share price was a top priority. Being completely transparent at the time. Now it is back to clownish management again.
No it was never clear how the 40M prime focus was being financed. The Yellow loan with Prime Focus does not require payment until 2016. Hopefully, they give Medient a similar type of loan for the equipment where we do not need to pay for a couple of years.
I thought what they did with the logo was especially cool. I wonder if they will put that on all their films.
I doubt they are thrilled but from all indications they are moving along.
The Effingham County Industrial Development Authority holds open board meetings on
the third Thursday of each month. Meetings take place in the Industrial Development Authority Board Room
located at 520 West Third Street, Springfield, Georgia.
I highly doubt Manu would be pitching the Studio today if this was not going to happen. He would look like a total fool.
Is anyone going to the IDA meeting tonight? It looks like Medient is on the agenda. A supplemental project agreement.
I know they talked about how they had to change some deadlines etc. I am assuming this may be the final step to starting construction.
The thing I find strange is if Yellow is coming out in July, there is no buzz right now. I would thing they would have announced it already and been generating press.
Are you joking lol. Wow
I think that is the point of the video. To get investors. He should stress the ticker symbol.
Keep in mind that atlas is distributing it internationally. That should cut down on some of the time to receive AR. Also, if I am not mistaken, I think distributers will often cut a check upfront.
Love the new website. Also, that is great that they are discussing the studioplex with important film media. Maybe this will drive some buzz toward the stock. Good news on construction of the studioplex. Sounds like everything is on track. This should be an exciting next couple of weeks.
I think there is some value in Medient showing that they can create a variety of content and producing a number of projects each year. I do think there is some value in it beyond the financials. I just hope it is not too costly. How much do you think something like that would cost?
I do not think it was a sound financial decision. Diluting shareholders at .004 when the book value of the company is .04 or .05. You would need a 10000% ROI to break even.
At this point in time, capital is scarce. Battle of Banaras was unnecessary to the bigger goal of the studioplex. IMO they should have passed on it. Now that we own it, I will be glad to see the revenues but I do not understand it.
An aspect of the bump was Manu keeping his voting rights. He has 10M preferred. Initially his voting rights were 25 to 1. So with 250M shares he would no longer control the company. They are now 250 to 1. So issuing more than 2.5B shares would risk his controlling the company.
Of course he could increase the authorized and increase his voting rights again.
Point taken but down 90% in a little over month seems excessive for a CEO who said one of his top priorities was to address share price.
I think a lot of longs me included knew there would be dilution just not as aggressive as it has been. I thought they would try to control the PPS while diluting. Not slam it down to new lows. Especially after Manu's shareholder letter.
However, I still believe this company can be worth quite a bit. Manu just needs to show us substantial progress in regards to financing and the release of Yellow. They have raised a lot of cash these last five months, now we need to see what their plan is.
That logic makes no sense. That would mean that since clippers owner Donald Sterling is a racist that the CEO hired after him to clean things up is a racist.
A lot of times after someone does something wrong they hire someone with a lot of credibility to clean things up.
Whats your point? That Koppelman is being paid and served as a CEO?