Medient Studios Inc. (fka MDNT)

[Debbie777]

Never mind, I found it on some of the older financial statements

I started looking last night, but got tired. How far back did you have to go?

I still don't understand the need to pay some of this off before the release. According to the last 10K, payment wasn't due to Indion or Prime Focus until post release. Indion didn't appear on the list in the 10Q, so I'm assuming it was paid 1st qtr. I didn't compare the numbers to verify that though. I'm still can't help but think, this was to help get financing, but if that was the case, I wish he would have stated that.

Since they still have some "Yellow" debt due prior to release, I wonder if they are counting on collecting some of the A/R to pay off the remainder of that debt. Hence, his statement yesterday "no further debt sale in June". I'm speculating based on this statement in the 10K regarding A/R associated with "Storage 24".

It is anticipated that accounts receivable therefrom will be paid to the Company in the third quarter of 2014.