Medient Studios Inc. (fka MDNT)

[michaelstl]

Due-Diligence information needed to form opinions about project
I have read though the board postings and have not learned anything new since yesterday. I think that if you want to do due-diligence on this company you have got to learn the following:
1. Is there an actual feasibility study of this project?
Normally A large CPA firm would complete a study showing projections and debt service coverage projections on the bonds to be sold. This way the investor or Financial institution buying the bonds would have an idea of how the loan would be paid back.
2. What did Mellon get done while he was with the company?
3. Has the company changed their plans regarding raising of the funds for this project? Maybe the project needs more equity such as a LTD Partnership or another form of equity infusion in order to get the bonds placed.
You need to see exactly what the minutes of the Economic Development Authority to begin with. IMO