Medient Studios Inc. (fka MDNT)

[Helter Skelter]

Yep, "securities fraud"...

Time to release "Yellow" which will generate millions in profits especially since all the debt has been paid off by Manu from his securities fraud of diluting shareholders to oblivion.

Nope, not even close, "especially since all the debt has been paid off by Manu..."

Please utilize the 8K and discuss what debt has been eliminated.

Here's mdnt's balance sheet (everyone should try and determine which debt has been eliminated and how much is left...to deal with):



I come up with $10,086,884 in current liabilities (debt) alone.

Add another $5,316,725 to that total if this long term debt is the resposibility of mdnt, still.

---o---

Now, tell me how much debt these 1.7 billion, or so, shares..."eliminated"...knocked back...see below...from the extremely tardy...devastatingly late...8K...recently filed...

Waiting.

Thanks...

Item 3.02 Unregistered Sales of Equity Securities.

As of July 9, 2014, Medient Studios, Inc. (the “Company”) had 2,329,050,866 shares issued and outstanding. The increase in the Company’s issued and outstanding shares since the filing of the Company’s quarterly report on Form 10-Q on May 16, 2014 was the result of issuances of shares of common stock upon conversion of aged debt as follows:

·
An aggregate of 209,274,718 shares were issued upon conversion of $352,101.37 of the principal balance of a loan at an average conversion price of $0.003394. The loan was owed to AMAG, Inc., a media investment company, which was advanced towards the production cost of the Company’s film Yellow, and assumed by the Company upon the acquisition of the film rights to Yellow on October 18, 2012. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 476,568,638 shares were issued upon conversion of $799,758.89 of the principal amount of an outstanding obligation owed by the Company for services rendered to the Company by Prime Focus, a multi-national visual effects and post-production company. The outstanding obligation was partially converted into shares of common stock of the Company at an average conversion price of $0.002566. The services were rendered in connection with the Company’s film Yellow. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 20,681,546 shares were issued upon conversion of $145,000 of principal amount of an outstanding obligation, which the Company assumed upon acquisition of Kumaran Holding, LLC in November 2012. The outstanding obligation was partially converted into shares of common stock of the Company at an average conversion price of $0.007785. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 180,048,385 shares were issued upon conversion of $278,000 of the principal balance of a loan in the aggregate amount of $3,956,130, at an average conversion price of $0.002796. The loan was owed to Indion Group, a media and tax credit investor, which loan was assumed by the Company upon the acquisition of the film rights to Yellow on October 18, 2012. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 277,580,672 shares were issued upon conversion of Notes in the aggregate amount of $291,505.56 at an average conversion price of $0.001074. The Notes were originally issued by the Company to TCA Global Credit Master Fund, LP pursuant to the Senior Secured Credit Facility dated August 16, 2013. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 262,413,196 shares were issued upon conversion of $308,909.69 of principal amount of an outstanding obligation, which the Company assumed upon acquisition of Kumaran Holding, LLC in November 2012. The outstanding obligation was partially converted into shares of common stock of the Company at an average conversion price of $0.001303. The debt was subsequently purchased by non-affiliated third parties who effected the foregoing conversions.
·
An aggregate of 316,226,595 shares were issued upon conversion of Notes in the aggregate amount of $528,028.66 at an average conversion price of $0.046551. The Notes were originally issued by the Company at various times between approximately September 2013 and December 2013.


The issuance of the foregoing shares of common stock by the Company was made upon exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 8.01 Other Events.

On July 7, 2014, the Company was advised that its wholly owned subsidiary, Atlas International Film GmbH, has filed for insolvency with the Munich District court. The acquisition of Atlas by the Company was completed by the Company in January 2014.