Replies to post #33257 on Medient Studios Inc. (fka MDNT)

[ANIA77]

that's true; lets hope it is a total;
and I agree that they are dumping as it goes but we are behind a day or two with float

[Helter Skelter]

OS always includes both the restricted and non-restricted...TA has only one OS, has to report it as one.

Some T/A's when they give you the O/S #, they dont specify if its the TOTAL O/S or the NON-RESTRICTED # they are giving you, that might be another good question to ask them so we know if that number includes the RESTRICTED O/S shares also...

This (below) wouldn't likely be legal as they are a fully reporting company and cannot use Rule 504 Regulation D to issue shares that are exempt from registration. They would, most likely, have to use Rule 506 and/or Rule 144, which both come with a 6 month restrictive period for said unregistered shares (Rule 504, for non-reporting companies does not have a restrictive period and is limited to $1,000,000 (in securities) per year. Neither of these 3 exemptions, provided by their respective rules, allow securities to be sold/bought with a "view to distribute")...

but the float is right there maxing out with the O/S IMHO

They also need to file a FORM 8K when they issue (sell) unregistered securities. They have 4 business days to report (file the 8K). The only sale of unregistered securities that they report for the last Q is this funky transaction, which, again, doesn't make sense for anyone to do...

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On February 10, 2014, Mr. Kumaran, chairman of the board and chief executive officer, converted $660,000 of personal loans to the Company into common stock at $0.064 per share, the book value of the Company on February 7, 2014. The 10,312,500 shares issued represent an 822% premium to the closing market price on February 7, 2014.

He did file his FORM 4 for this transaction which revealed that these are the only shares that he has. Hmmm...

Looking for 8Ks disclosing this information (Section 3 - Securities and Trading Markets, Item 3.02 - Unregistered Sales of Equity Securities)...4 business days to file...



I don't see any, yet.

Link > http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001476278&type=&dateb=&owner=include&count=40