Medient Studios Inc. (fka MDNT)

[PRmaniac]

Might get interesting to see how Jake tries to keep Moon River's (aka Medient) bills paid with little opportunity for equity financing on the grey market and another missed release date for yellow. Maybe they are just trying to sell the rights again to get even a tiny bit of cash to offset the losses on this 2012 film.

With a net loss of $14.5 million or so last quarter and no revenue, it might get tough to pay all those new employees they have to hire or sustain their cash burn rate.

No wonder the IDA doesn't want to audit Moon River to see if they are likely to have resources to stay in operation and pay back bondholders. That decision might come back to bite them. With so much uncertainty in the financial outlook, the SEC issues, litigation, and limited access to the equity market on the greys; I'd think they would look into Moon River a little closer.