Medient Studios Inc. (fka MDNT)

[bansheeninja]

Okay so I looked at this part:
NOTE 9 – RESTRICTED NOTES




During the three months ended March 31, 2014, the Company issued $1,087,000 of Restricted Notes. Of the Restricted Notes $247,661 were converted to common stock during the period. The balance of Restricted Notes as at March 31, 2014 was $1,805,339.




Annual interest rates on Restricted Notes range from 0% to 12%. Accrued Interest as of March 31, 2014 on the Restricted Notes was $23,644




NOTE 10 -AGED DEBT




During the three months to March 31, 2014, the Company retired debt with the use of Aged Debt in the amount of $911,480. Of the total Aged Debt, $1,252,403 was converted to common stock during the period, with a balance outstanding of $276,459 as a March 31, 2014.


So When I looked at that I figured these were The shares that brought the O/S up to 660 mil. Granted this is all of March 16th so my opinion was alot of the other notes payable have been converted to shares since. See below

Lender
Date of Loan
Due Date
Original Principal Amount
Principal Balance Only
Balance with Accrued Interest
Film

Prime Focus
10/1/2013
10/1/2016
3,764,000
3,764,000
3,764,000
Yellow & New Projects

Tommee May
5/18/2011
Post Release
180,000
180,000
180,000
Yellow

AMAG
9/13/2011
8/13/2012
1,000,000
687,764
1,033,827
Yellow

Derreck Lee
5/1/2011
Post Release
500,000
600,000
600,000
Yellow

DDA
3/19/2014
3/18/16
120,000
120,00
120,000
N/A





$5,351,764
$5,697,827


Anyway it's all just a theory from me becuase I really can't see a better explanation. I would love other opinions on this.