Replies to post #35769 on Medient Studios Inc. (fka MDNT)

[Debbie777]

You should take another look at the balance sheet then, way more then the debt they claim to have paid off in that press release. They only paid off a portion of the credit line. $11 Million in debt as of filing, the PR only mentions paying off around $1M for Yellow and the credit line is a portion of the debt. I think it is still at least $5 million and probably close to $8 million.

What am I missing with the Credit line?

NOTE 8 - CREDIT LINE

As of March 31, 2014, the Company has a credit line of which $600,000 has been drawn down and with interest and other costs the amount outstanding of $788,289. The Company has no other outstanding liabilities on any credit facilities. The annual interest rate on the credit line is 12%. The current credit line was repaid on May 13, 2014 in the amount of $806,506.

[coupleofsnipes]

Koppleman has 300 million dollars in the bank. He obviously believed in Manu's vision or else he wouldn't be on the board here. Maybe he will build this empire. He can put the other 300m a/s in his pocket for 4.5M and turn that into another 300m.