Medient Studios Inc. (fka MDNT)

[Helter Skelter]

Manu (personally) already had, prior to the acquisition of Kumaran Holding, LLC, 1,083,000 common shares of mdnt. How and when did he dispose of these shares? Thanks...

It is all in there:

The Company purchased all the membership interests of Kumaran Holding, LLC for a purchase price of thirteen million seventy eight thousand dollars ($13,078,000). This will be paid in the form of ten million (10,000,000) preferred shares and twenty six million (26,000,000) common shares of Medient Studios, Inc. This deal closed on November 26, 2012.

Manu got all the preferred shares and the officers and directors got the common shares. This was all done after the board created the preferred share class and disclosed that also.

Not following the money-share-trail, here...who exactly has the 26 million shares?

The FORM 3 states that Manu (himself) received the 1,083,000 shares...not Kumaran Holding, LLC...and that the transaction took place on 08/28/2012...the 10K for 2012, filed in 2013 doesn't show this mysterious, missing 1,083,000 shares, either...

Link > Manu FORM 3

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth, as of April 16, 2013, the number and percentage of our outstanding shares of common stock owned by (i) each person known to us to beneficially own more than 5% of its outstanding common stock, (ii) each director, (iii) each named executive officer and significant employee, and (iv) all officers and directors as a group.

61

Name and Address

Number and Class of Shares

Percentage of Outstanding Common Shares
Manu Kumaran

0 common

0%
1800 North Vine St.

10,000,000 preferred

Hollywood, CA 90028

Link > MDNT 10K for 2012 - Manu - 0 common

Manu files his Schedule 13D for the 1,083,000 shares. 77% of mdnt's OS. October 2, 2012:

Link > Manu Schedule 13D