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That 500B was what they showed for "current" authorized and I still think that was an error, because their authorized was only 5B (per Nevada), but that was not what they are planning after the R/S.
You need to read on in that 14C and look at the Nevada "Articles of Amendment" application, it shows the authorized would be 500M after the R/S.
Good post. I think we should also be hearing about another production. I think this one is suppose to happen before RIP (which is suppose to start filming in February), which means we should be hearing something very soon.
Thanks ANIA, but I really have to question if that article is accurate. It would be great, because the Los Angeles Film Critics Association just named Gena Rowlands winner of the organization's "2014 Career Achievement Award". There's been a lot of press about it this week and several of the articles mentioned she was in "Yellow". They are presenting her the award in January, they could leverage off that.
Both Gena and Nick are going to be at the Savannah film festival which starts this weekend. Gina is getting an award there too (on the 30th). Maybe one of our shareholders in Savannah can attend and ask her or Nick when people are going to get to see her in "Yellow"! LOL
You forgot to bold the most important part of the statement.
It appears Greg Gullberg, a reporter/anchor for WSAV news 3 in Savannah, is now working for Moon River Studios. I find it interesting, because Greg has done a few negative reports on Medient in the past (like the one below). I wonder what gave him the confidence to leave WSAV for Moon River? See his last two posts on his facebook page.
http://www.wsav.com/story/25998143/judge-orders-medient-studios-to-stop-all-operations?autoStart=true&topVideoCatNo=default&clipId=10357410
https://www.facebook.com/grgullberg?fref=pb&hc_location=friends_tab
I can clear it up for you, because I ran that trap line months ago. That complaint in the UK documents has nothing to do with "Yellow". The movie was "Catwalk" and if indeed, Hoffman sold the rights to "Medient", it was to "Medient India".
I should do what you did and just give you words to google, but I find making posts like that ridiculous. Here's a couple of public links to get you started. The common denominator is Anthony Hickox. Hickox wrote "Catwalk" and was slated to direct it for "Seven Arts". Then when Manu released some press about "Storage 24", he announced "Catwalk" as one of his forthcoming productions (see second quote and link).
First a quote/complaint from a Seven Arts investor regarding "Catwalk". Notice the dates in complaint match the dates in the UK link you posted.
Thanks for sharing ANIA77! I appreciate your follow-ups with both Mr. Henry and the TA!
Military Veteran to Present Flag to Moon River Studios in Appreciation of Support
Posted by mysavannah on October 16, 2014
MEDIA ADVISORY
Military Veteran to Present Flag to Moon River Studios in Appreciation of Support
WHAT: Reserve Major Trenton C. Spencer, USAFR, 26th Aerial Port Squadron, Director of Operations to present an American flag and appreciation certificate to Moon River Studios CEO Jake Shapiro on behalf of his Reserve unit and himself, in appreciation of Moon River Studio’s support of veterans
WHERE: Moon River Studios, Inc., 135 Goshen Road Exd #205, Rincon, GA 31326. 912-298-2000
WHEN: Friday, October 17, 2014 at 3:00PM.
ADDITIONAL DETAILS:
Major Spencer is a 14-year Air Force and Iraq War veteran with five deployments. The flag itself has been carried by Spencer throughout his military career, on every deployment, in every mission. It has flown in combat and been carried on military aircraft and in the backpacks of soldiers on convoys in Afghanistan, Iraq, Qatar, Kuwait, Cypress, Italy, Germany and all over U.S. The flag presentation is being made to symbolize Spencer’s new mission working in the film industry. Moon River Studios has stated it plans to draw greatly from local talent in Effingham County and the Savannah area, as well hire veterans from the military. Spencer moved to the Savannah area in 2009 when he was activated to work with the U.S. Army Corps of Engineers. Upon release from active duty he chose to remain in Savannah and is currently a Reserve officer in the Air Force
https://mysavannah.wordpress.com/2014/10/16/military-veteran-to-present-flag-to-moon-river-studios-in-appreciation-of-support/
Nevada gives them a year before they revoke them. It won't stop trading either (because of the default). I'm in another stock that trades on the pinks, it was in default with Nevada for a year, but never stopped trading. That company just paid the fees last month (one day before the one year anniversary).
I got an e-mail from Jake yesterday. I had sent him a LONG list of questions that needed answers. Most of the questions are the same ones that have been consistently bounced around here. I told him I realized he couldn't break disclosure rules by answering me directly, but he needed to address them in public. He sent me a very nice response (on a Sunday even!). Here was the last part of his response:
I agree, I personally don't think Manu has a leg to stand on. I just hope his attorneys are getting money up front. He seems to have a habit of not paying people.
I recently found another active lawsuit against him in California. It was filed by more of the production crew who didn't get paid for their work on "Yellow". It's against Manu and his "Yellow Productions, LLC", "Medient OK, LLC" and "Medient Entertainment (India)". That lawsuit has been going on since June 2013. Manu's attorney has recently asked the court to relieve him of representing him, primarily because of his continued failure to pay legal fees. His attorney also said he was led to believe that new attorneys for "Yellow Productions" and "Medient" would be stepping in, but when he contacted the attorneys, they said they would not be. The filing was copied to Manu's Nevada attorneys and had them down as representation for Manu, "Yellow Productions" and "Medient OK, LLC". I would be curious to know why his Nevada attorneys said no. Also, the filing was copied to "Medient Entertainment" with just Jake as the contact. IF there is any way, "Medient Entertainment (India)" can be tied legally to "Medient Studios", I still don't think they have a case against the company, because it all happened before Medient Studios was incorporated. However, if they can tie Medient Entertainment India to us, we should have some more movie assets on the books! LOL
Another interesting thing, I've been reading the Georgia shareholder suit on Pacer. Manu is named as one of the defendants, but it didn't show an attorney for him (our guys and the company have already responded). I started reading all of the filings and they haven't been able to find Manu to serve him. I noticed on Twitter, he's changed his location to London. That case has also been a bouncing ball. Our guys got the case moved out of the county court and into U.S. District court, because it has federal questions. Once it was moved, they responded to the complaint. Now the shareholder wants to amend the complaint to the take the things out that would fall under U.S. District rulings (so she can try to get it back to county court). She has until the end of October to amend the complaint.
Manu's not amending the complaint because he found more wrong doing. They're filing an amendment in response to Medient's motion to dismiss pursuant to NRCP 12(b)(5). Manu opposed the motion and ask the court for leave to amend the complaint back on Sept 4th (see docket entries below in quotes). The court is giving him a chance to actually state a claim that can be ruled on, which according to this write up by "Global Business Lawyers" is common.
MOTIONS TO DISMISS - NRCP 12(b)(5) - FAILURE TO STATE A CLAIM UPON WHICH RELIEF CAN BE GRANTED
A Rule 12(b)(5) motion is especially important because the motion asserts that on the facts as pleaded by the plaintiff, no recovery is possible under any legal theory. This motion is generally made prior to answering the complaint. If the complaint is dismissed in response to the defendant’s motion to dismiss, the plaintiff will likely have the opportunity to amend his complaint to state a claim upon which relief can be granted. The pleading rules are very liberal and entitle the plaintiff to amend its complaint without leave of the court any time before a responsive pleading has been filed (the answer). Since a motion to dismiss does not qualify as a responsive pleading, the plaintiff will likely be granted leave to amend.
http://globalbusinesslawyers.blogspot.com/2009/09/motion-to-dismiss-nrcp-12b5-failure-to.html
Another article today regarding what Jake said at Rotary Club.
MAYBE HOPE FOR "YELLOW" RELEASE!
What Jake told the Rotary Club of Effingham County today:
I should have been clear, I haven't seen them put out any PRs with the name "Moon River Studios" attached to the symbol MDNT. They haven't changed the name of the website for investors either. Theoretically, by law, the corporation's name did change when it was changed with the State of Incorporation. They HAD to file the name change with Nevada before going to FINRA. FINRA doesn't approve or disapprove the name change, what they approve/disapprove is the processing of the documentation (announcement into the public trading system so that all brokerages and banks will see the change, record dates, any applicable new CUSIP numbers and other appropriate data necessary for the proper settlement of trades).
The whole process is messed up. There have been white papers by attorneys and legal blogs about the messes caused when a corporation has to file changes with the state first and then FINRA doesn't finish their review in a timely manner or disapproves the processing of the documentation. I read one white paper by an attorney that said it took 2 months for FINRA to approve a name change only (for one of his clients).
As far as PRManiac, he has not been stating facts. Here's just one example from him that was wrong, which is why I posted the steps last night and sent the response to him.
I haven't seen where they claim they've changed the name, only the intent.
You have given a lot of bad information here the last few days. Here's the steps that actually have to be taken before they file the name change with FINRA. All of this documentation has to be attached to the "Issuer Company-Related Action Notification Form" that is submitted to FINRA. BTW, these are the same steps for a Reverse Split too, so the fact they haven't filed the R/S with Nevada, tells me it hasn't gone to FINRA yet.
1. The board documents resolutions authorizing the Company-Related Action.
2. The amendments then must be filed with the state of incorporation and a Certificate (stamped) notification received back from the state.
3. Each name change then must be submitted to the CUSIP Service Bureau along with a copy of a Certificate of Amendment or other appropriate document that has been filed with the state of incorporation that validates the state has a record of the name change. After CUSIP receives supporting documents and application, it will assign the corporation a new alphanumeric CUSIP number that reflects the new name.
4. FINRA must then be contacted directly using the "Issuer Company-Related Action Notification Form" with the attached documents as stated above, along with fee payments for the change. I might note, this is not the only documents that have to accompany the form. They require some historical information too.
5. Once the steps above have been taken, the transfer agent has to send a Transfer Agent Verification Form to FINRA that includes pertinent information.
Here are a couple of good links that back this up. The first link is info from a TA, the second link is an actual form filed to FINRA and if you scroll to page 4 of the form, you will see it lists the documentation that must accompany the form.
http://www.firstamericanstock.com/index.php/issuer-services/corporate-action-processing/
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=105016
Uh.. I don't remember giving you permission to speak for me. Talking about opening yourself up to a lawsuit.
Anyone live in the Syracuse area? Looks like Cassavetes is going to be showing "Yellow" there in October.
http://www.filminsyracuse.com/#!festival/c1zy6
REALLY? Manu had the voting shares and thought he was in control..how did that work out for him? LOL
I read that yesterday. FINRA really put the screws to Curt Kramer and Asher Enterprises (I love it). I found it interesting, because the SEC litigation didn't include Asher, it looks like anything Kramer touches is going to get black balled. One thing about it, we might see a lot less reverse splits in the penny world, because there are a LOT of companies that have notes with Asher. Companies are going to think twice before making deals with them now too. I'm happy to see FINRA taking this approach, it's probably the best way to shut down some of these scum bags (SEC fines don't make a difference).
Since Jake's trying to also do a R/S, I searched last night, to see if there had been any previous SEC litigation with Joshua Sason and/or Magna and I couldn't find any. Problem is, we don't know who else MDNT might have deals with and if they're also on FINRA's "bad actors" list.
I find some of your arguments without merit. You keep making a big deal of the 500B. How many scam companies overstate their A/S by 495B? It was obviously an error, a stupid error, but an error. If you look at the 10Q, they made the error on the balance sheet, but it was stated correctly in other areas of the filing (Note 11 - Stockholders Equity).
As far as making the same mistake in the 14C, I think someone just has an issue with 000s! HA It wasn't done to defraud. No where in that filing, does it say they're doing a 1/1000 R/S on the authorized. It clearly states the R/S is being done on only the Issued and Outstanding shares of both the common and preferred. There is no rule that states the authorized has to be changed when doing a R/S. They could have left it at the current authorized of 5B (that's what a scam company would do), but they didn't do that, they're changing the authorized to 500M.
I would like to see them amend the filing, but it really didn't make a difference in the overall bottom line, so I don't see it as that big of an issue.
2012 DISTRIBUTION DEAL NEVER FINALIZED.
She was invited to talk to the Commodity Futures Trading Commission in 2010. What I found interesting, was when she talked about the model they used for the studio she helped develop. They leased part of it to Fox TV on a 5 year lease. That gave them an anchor while they built up the studio business. Pretty interesting.
http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/publicmeeting051910_neuhauser.pdf
I found something interesting on Moon River Studios.
I found this DRI application which was filed 9/2/14 in Moon River Studios name. What's interesting is the Moon River contact name and number.
http://www.dca.state.ga.us/dri/InitialForm.aspx?driid=2441
I wonder if this is one of the new logos for Moon River Studios. I think it's pretty sharp.
https://twitter.com/GregArnsdorff/status/509388035948290048/photo/1
Transferring all of those shares to the directors (for services) really made Benny a lot of money! Did you not bother to look at the footnote(1)in the price column? LOL
BTW, according to the filings, the four directors still hold those shares (March 1st and March 5th transactions). They each have a filing to show their side of the transaction when they received the shares.
"a control person (SEC definition, owning 10% or more of the then OS). Control persons, as well as insiders, affiliates, officers, directors...can only sell 1% of the OS every 3 months." < Link Please
Thanks
Thanks for the info. That's interesting and great dd!
If Moon River Productions is set up as a separate entity, they could make it a subsidiary under the Studio.. that's the way Atlas was set up under Medient.