Medient Studios Inc. (fka MDNT)

[Debbie777]

Yes, we all agreed he says he converted personal loans... I just want to know where they are listed in the 10K... Thanks for your efforts..

From the 10K:

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


Other than the acquisition of Kumaran Holding, LLC, We have not entered into any transaction nor are there any proposed transactions in which any of Our founders, directors, executive officers, shareholders or any members of the immediate family of any of the foregoing had or is to have a direct or indirect material interest.

Mr. Manu Kumaran, the Company’s Chief Executive Officer and a member of the Board of Directors, has loaned the Company as of December 31, 2013, a total of $698,623 on an interest free basis.

NOTE 14 – DUE TO RELATED PARTY

The Company is obligated to a shareholder for funds advanced to the Company for operating expenses. The advances are unsecured and are to be paid back upon demand. The amounts due at December 31, 2013 and 2012 are $698,623 and $486,905, respectively.