Replies to post #30108 on Medient Studios Inc. (fka MDNT)

[vaporman]

Nope you are right its about $5M in convertible notes which Manu said its related to Yellow financing.

[michaelstl]

Makes a lot of sense that this is where it is all coming from IMO

[ANIA77]

Prime Focus debt is $3.7 though that includes not only Yellow but two other projects; there is 'only' $2.5M for Yellow in this amount so total debt for Yellow would be $4.3;
however I still do not understand why Manu is trying to pay off whole amount now since majority of debt doesn't have to be paid until 2016...
unless banks really need to see clean sheets to give him construction loan...

from Q1:
Prime Focus is a multi-national visual effects and post-production company. The Dubai division of Prime Focus provided $3,764,000 of services, of which $2,500,000 was in relation to special effects costs of Yellow and $1,264,000 was in relation to pre visualization costs for two current projects. No interest is payable.