Medient Studios Inc. (fka MDNT)

[michaelstl]

Take a look at this recent comment on the construction contract.
Taken from recent article from News Source. I believe that this allows other contractors and/or developers to get involved which is good for the future of the project.

"The contract is unclear about how Medient will compensate Shore Development. An SEC filing of the contract between the two firms indicates that financing could be involved. The contract says the form of payment will be negotiated. Has Shore Development agreed to finance or participate in financing Medient’s StudioPlex project?

One noteworthy item in the contract agreed to by Medient is that Shore Development is explicitly authorized to buy materials for the project from Titan Atlas Global. The contract states that all structures, plumbing, electrical or other material secured from other sources can be purchased through Titan and that Titan has the authority to add their markup. This provision appears to have the potential to make Titan a sole purchasing middleman between Shore Development and all other suppliers and subcontractors."





These are my own views 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 make an investment