Medient Studios Inc. (fka MDNT)

[PRmaniac]

IDA doesn't want to audit Medient Studios (a.k.a. Moon River)? Oh my.

They obviously understand that an audit may reveal things that would make the IDA want to kick Medient to the curb or not risk association.

Doesn't sound too responsible for the IDA to do, but they need to protect their bonuses. At least there is one IDA member that is a bit skeptical of not vetting Medient.....can you blame him?

Medient got suspended by the SEC, has $0 revenue and missed its announced release date for Yellow(again). After dumped to the grey market, it has lost its access to the toxic financing that has kept Medient solvent.


I like how they justify the risk that Medient is going belly-up. They can claim.....at least we built a road.....everybody needs a road. LOL