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I was hoping to be able to sit my shares aside and forget about them for many months but these drops are extreme so might have to play it more like a typical garbage OTC stock and take profit early and often and then buy back in when it craters. Sad, because was hoping this one wouldn't behave like that. Going to shake a lot of people's confidence here with the way it is behaving.
You really believe no value for 4 or 5 years? That's ridiculous. They could dilute all the way to 5B and still have plenty of value based on what they got lined up. They won't need to dilute much by 3rd quarter this year. Share buyback certainly possible once the revenue starts rolling in.
They can survive on very little because these guys already have a very long resume of successful ventures that paid them very well and now can afford to reach for the stars and truly leave behind a legacy.
It should get that easy and that is just 1 avenue of revenue this company has coming. They have other movies in the pipeline, studio related revenue (renting it out to others and huge cost savings when producing their own movies there), and who knows where they will go with the gaming aspect of the studioplex. Exciting being in on this one in the early stages. Kind of feel like the guy that invested in Dell Computers back in 1988.
That's the fun part of this ride.
In this case, trust your instincts. You have a long term winner here but you need to be patient and control your emotions through the roller coaster ride. It has severe dips like the one the last 2 days.
Could see it gross $100 million + once you add up all the revenue streams: domestic and international box office and DVD sales and pay per view and TV... I used to work for MGM studios so pretty familiar with the ways movies can keep on giving back for years and years.
It basically shows "Yellow" has a very high probability of being extremely profitable. Can't imagine the need for very much dilution once revenue from this movie starts pouring in so figure just one more quarter of pain at most and then they can start operating like a big board stock.
revenue from Nick Cassavetes films:
My Sister's Keeper
Worldwide Box Office $96,673,002
Domestic DVD Sales: $23,614,261
Alpha Dog
Worldwide Box Office $32,514,319
Total Domestic Video Sales $12,651,053
The Notebook
Worldwide Box Office $102,276,787
Think "Yellow" will be right in the middle somewhere. Won't that pad the financials quite nicely later this year and for years to come. Will blow the doors off. Think before you sell out and miss the opportunity of a lifetime.
They want to fully utilize Atlas in the sale and distribution of this film. Manu is all about maximizing return and a well planned role out makes sense. Build the buzz and anticipation first, then release the film. Not that uncommon to sit on a movie for a while before releasing.
If they were seriously strapped for cash then they would probably be forced to throw "Yellow" out there right away instead of strategically repackaging it for maximum return this summer. They also have lines of credit lined up and do have some ongoing revenue so infinitely better position than your average "Development Stage" company that has to dilute to pay every bill.
Personally, I feel Manu cares too much. Based on his tweets and letters to shareholders, it is obvious that it bothers him a lot what the shareholders are experiencing right now. The executives here are not dishing out extravagant salaries and bonuses to themselves like so many garbage OTC leaders. In fact they are not hardly compensated at all. They all bought into the dream and believe it and willing to patiently wait for the big payout. The leadership here is highly successful business people trying to build a world class Movie Studio. It is ridiculous the amount of verbal abuse that gets dished out in here and the social media towards Manu. Don't think I could handle it as gracefully and calmly as he does.
New update today on Medient Official Blog SeeThruEquity still predicting .10 target price factoring in the increase in number of shares. Still a extremely healthy profit for us all if we are patient.
Seems like a perfect storm for shorts to clean up the last few days. Take a stock that has had a recent good run, but has a history of tanking. Add the always effective dilution card, mix it up and tank the stock in 2 trading sessions and go laughing all the way to the bank. Based on the TA report of outstanding shares, the above is a more likely representation of reality than the company recklessly diluting. Think there was some third party unloading of shares but much more panic selling, stop loss firing, short selling. This will bounce back nicely next week.
People certainly know about MDNT now. The 78,255,186 traded is easily the highest volume day this stock has ever had. Take that volume and direct it in the right direction and this thing will fly. There is no bad publicity, right.
just Form T trades posted after hours. Medient has worldwide appeal and it might be our European friends getting a piece of the pie.
With a little patience, that should be easily obtainable.
I don't buy and sell by the charts but do extensive DD on a company and this company is the real deal. They have a plan and are executing it. Very pleased with their approach so far. I have doubled my position in last 2 days.
For those weak hands shaken today, go back and read this report attached with Manu's letter to shareholders:
"Along with this letter, I attach the five year financial forecasts for the company once the Studioplex is functional. Prepared by Atlanta headquartered boutique financial services firm HDH Advisors, the projections reflect an IRR of 55.2%. If you compare these numbers to those of some of our key comparables you will see that the realignment of the production process creates higher revenues at considerably lower risk. The model also used the Monte Carlo methodology to create statistical predictability models, analyze key risk factors, and a range of prospective performance outcomes."
This is NOT your average OTC stock here. The savings that can be realized by realigning the movie making process is staggering. Hollywood WILL notice and the studio will be booked solid for many years to come. This company will be trading nicely on the big boards and longs will make a small fortune. But, there will be many bumps along the way like today. It comes with the territory. So, hang in there and don't lose sight of the big picture.
That's what I have to keep telling myself. its a buying opportunity but really did not expect this so suddenly. Quite shocking and sickening to look at. hate these out of the blue drops that can't be linked to a specific event. It is the same company as it was yesterday but suddenly it is worth 40% less???
I am building up to a million shares or more and thinking in terms of years not days on this one.
Don't think they realized what they had here. Figured it was just another typical garbage OTC stock.
Me too. Went bargain shopping!
If you want one that can make you some serious money, check out Medient. They are the real deal through and through and still priced very cheap. That is where I transferred a lot of my AXLX funds.
They claimed last Fall that their next quarterly report would be filed with SEC. That didn't happen. Vincent has been outspoken in the past against reverse splits and now they announce a huge one quietly behind the scenes in their filings. Not even man enough to explain the reason for the change in position in a PR or conference call. Not exactly an honest group in charge here. The RS really pissed me off and I am venting. :) I took Vince at his word about no RS and feel betrayed.
It is like offering a guy that just filed bankruptcy a new credit card. It is actually less risky despite their history. Same here buying in post RS. They do have some revenue so company is more credible then some dilution masters out here.
They are slick, smooth talking liars. I am sure they can get the RS approved. I will possibly buy back in post RS after it has lost 90% of post split PPS.
The company posted a quarterly report yesterday on the OTCMarkets
AXLX Quarterly report
Scroll to Page 30 and read what the company wrote. I sold out based on that last paragraph. I had been a big supporter.
It is amazing that people throw money into these stocks and don't do any basic DD. The company is spelling out exactly what they intend to do as far as RS but we have doubters still. This is not a board rumor. It is straight from the asses mouth.
I cut and run yesterday also and made most of my losses back in other places today. Plenty of companies to invest in that are honestly concerned about their shareholders. Even if AXLX manages to fall into a profit somehow, I don't trust their leaders any more to do the right thing for shareholders.
The problem down here in the OTC markets is a R/S is used to continue the never ending dilution cycle. Irresponsible leaders burn through shares, reverse split, bump the authorized shares back up, dilute some more and the cycle continues. Very bad cycle to get into and the shareholders all lose all their investment eventually.
Like an idiot, I actually took him at his word on that.
It is crucial to note how companies handle small amounts of funds because it is a good indicator how they will handle large amounts of funds. The best thing that could happen here is a buyout and clear out all these clowns that are in charge. The business model is compelling but the leaders are idiots and will just keep the company down.
Lots of investors including myself, hate reverse splits.
The absolute positively WORST way to increase your PPS. If they had any regard for the shareholders then they would have done a share buy back but I guess they have no extra cash because they are just as good at spending money as they are making it based on the financials.
Totally agree. My goal is a million shares and love these buying opportunities.
If the early phases are creating local jobs and helping the local economy then the local government can always issue new bonds. Power of a municipality. Also, this figure could still be open to negotiation. Contractor starts high, you start low and eventually meet in the middle.
It is not through the SEC as company had promised to do but it is out in OTCMarkets Disclosure and News Service (Quarterly Report)
It is in the filing the company just submitted today:
"1-for-2,000 Reverse Stock Split
On March 21, 2014, the Company’s Board of Directors voted in favor of a 1-for-2,000 reverse stock split. Also on March 21, 2014, through the written consent of the holders of a majority of our issued and outstanding voting securities, the Company’s shareholders voted in favor of the reverse stock split.
The proposed reverse stock split transaction consists of a 1-for-2,000 reverse stock split of the Company's outstanding common stock. Shareholders holding less than 2,000 shares of common stock immediately prior to the reverse split will not receive fractional shares in the reverse stock split, but will instead have their shares converted into the right to receive one whole common share in exchange for the fractional share interests resulting from the reverse stock split.
The Company intends to execute the shareholder approved reverse stock split during the second or third week of April, subject to receiving approval from FINRA."
It really pissed me off how they did it. No hint, no advanced warning, just boom 2000/1 RS effective nearly immediately if they get approval and very aggressive and reckless dilution also in last few months. If the company was decent they would have not been so sneaky and deceitful. I am out of this one. Dirty through and through!