Medient Studios Inc. (fka MDNT)

[michaelstl]

Land still belongs to the Authority. The Authority gave control of the land to Medient with the lease. Medient won't own it until it pays the 200.00 at the end of the lease. The lease allows Medient to take advantage of incentives. Since the lender can't use the land as collateral it would probably want the lease payments subordinated to the Construction loan. The Authority would have to approve that subordination. IMO :)









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.