Medient Studios Inc. (fka MDNT)

[michaelstl]

I agree with you!
I feel that if someone like Koppelman took over handling the financial aspects of this project this company it would "ROCK", IMO. Originally I think that Medient thought they would be able to finance the project by using the business plan plus the lease and a feasibility study plus the State incentives without putting up much cash. Then they found out that the local banks wouldn't finance this "Specialty" type project without substantial equity. Who would the Banks look to if there were problems? So the banks were very careful about lending money to a small nano company who wants to finance a 700 MIL dollar project!!! (or even a 90 MIL Phase 1) In addition, there was a new large Studio project in Atlanta going on at the same time. (competition) The other project had good equity provided by a partnership. That project got its financing and Medient didn't.
The painful resolve of this entire situation caused massive liquidation of stock to get funds for the project. I have been involved in many real estate projects and these large projects usually have delays and problems. This project seems to have a wonderful concept that many people would like to be involved in. The attraction of partners from all over the World really excites me. In addition, we have the Bollywood attraction. At this juncture it looks like this project needs to satisfy the financial requirements for a commitment for the construction financing of Phase 1. Without knowing really what Medient has "up their sleeve" we really don't have a true idea of where we are going.
I think that Management needs to be truthful and level with it's stockholders.
Everyone keeps guessing about what is going on. Maybe we will learn more from the upcoming Conference. I sure hope so. The Big plus here is that the Effingham Industrial Authority is backing Medient and coming thru with some great incentives. However, they are not providing any guarantees other then the promised incentives. Good luck all longs. We will need it!



This is my personal opinion and not to be construed as a recommendation to buy or sell a security. You should rely on your own due-diligence when deciding to invest.