Hi conix, I always enjoy your posts and now the opportunity to clarify any misunderstandings.
I never said that Elite and Medient were identical (apples to apples), but rather similar (both fruit), situations. In September, 2011, the FDA banned over 600 non-prescription drugs, including the only two products Elite sold. So, at that point, Elite had no revenues, no products, and plenty of debt. Elite floundered for two years until they hired a new, highly qualified, CEO who almost immediately turned their fortunes around.
Medient, on the other hand, has revenues from existing films, has new films to release and has others scheduled for production along with debt. So, similar situations, but it might be argued that Medient is in better shape now than Elite was after September, 2011. However, since issuing stock, Medient has more than floundered under Manu. Its been a disaster and as we all know, the dilution has been atrocious!
However, we now have new, hopefully capable, management and the only point I was trying to make is that I've been in a similar situation that was successfully turned around when new, qualified, management took over so there is hope for Medient. It will take time and they may fail, but right now I feel better about the company than at any time since about a week after I first owned the stock and understood what a mess the company was in.
As for the $1.00 price prediction, I never said that (although others may have). My prediction for year-end (see my previous post), using pre-reverse split pricing, was 4- to 6-cents.
I hope this helps to clarify what I was trying to say.
