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skyrocketinsight

05/13/14 7:14 PM

#24471 RE: Rodger90 #24468

The preferred shares that Manu (the CEO) has are probably for voting priviledges only. They are not IMO diluting one iota of the company. In fact Often times those very same shares are returned to the treasury. What we need to be concerned with is the actual OS. With the size of the company that MDNT will become by building this studio and the amount of movies they will put out per year, This studio in essence will eventually pay MDNT back. Can you imagine a studio shooting 24 x 7 in several different languages and what the end result revenue wise for the movies they put out. These movies IMO aren't going to be cheap movies but top notch and MDNT will get top notch actors and actresses filming there. MDNT is not going to stay some rinky dink penny stock, I anticipate this becoming a Nasdaq/Amex or whatever (higher end stock) that gets the attention eventually of larger investors. We are getting in on the ground floor. When people start to realize what MDNT has here there will be no holding this ticker back. All my opinion of course.

Go MDNT!
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michaelstl

05/13/14 7:20 PM

#24473 RE: Rodger90 #24468

They do have an additional 40 MIL Preferred Shs authorized.
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12yearplan

06/04/14 1:10 PM

#32928 RE: Rodger90 #24468

Is 2.5B still current/at what ratio of O/S would the CEO be at risk of losing a majority voting control (incl. preferred). Seems this limit would be important with the control he seems to want to maintain with movie distribution and financing dealings – (going to tuff it out going it alone so to speak)?.

An aspect of the bump was Manu keeping his voting rights. He has 10M preferred. Initially his voting rights were 25 to 1. So with 250M shares he would no longer control the company. They are now 250 to 1. So issuing more than 2.5B shares would risk his controlling the company.

Of course he could increase the authorized and increase his voting rights again.


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