Medient Studios Inc. (fka MDNT)

[Debbie777]

I cant yet find where it states that the preferred were valued at 1.00 per share, I'll continue to look. I do believe I read that somewhere in the filings, I just have to find it..

Tesla, you probably read it in the "Amendment to the Articles" filed with the def14c. They were attached with the attorney's letter and copies of the "Certification of Amendment" from Nevada (dated 2/7). I'm posting the link below.. Opinion 009 is the page that starts talking about the "$1 per share", it is mentioned on subsequent pages too.

Also interesting, are pages 012 and 015. Those pages talk about voting rights of the preferred shares. If I read it right, it states the Series (Preferred)shares have no voting rights except for things that are voted on by shareholders (common shares). It does mention another instance of voting as specified in 3.5, but that doesn't make any sense, because 3.5 is about Liquidation. This filed amendment states 25 votes per preferred, but they probably corrected that when they filed the amendment to correct the authorized common shares (on 4/7).

In my mind, this just backs up what Jake said about dismissing Manu in accordance with the by-laws (that I have posted previously). I'm not convinced that Manu would have his preferred shares taken away though. I didn't read anything here that would lead me to believe that. Maybe someone smarter than me, can read through this and see if they see it differently! LOL

http://www.sec.gov/Archives/edgar/data/1476278/000101489714000064/0001014897-14-000064-index.htm