Replies to post #38800 on Medient Studios Inc. (fka MDNT)

[Rodger90]

I disagree, the board would not have acted unless they were 100% sure in the legality of what they were doing. From the corporate bylaws Debbie posted, it looked completely legal what the BOD did. Manu is kidding himself if he still believes he can regain control.

People were not working for free. Potentially, the management team was working for below market pay and the founders for free. However, I think they were hiring because of the way overhead grew over the last few months. I always thought the number of people working for the company was excessive given the small number of projects they were working on.

[TESLA777]

From what I recall of those MANU tweets, he never said there would not be a R/S, he said something like "the board has never discussed a R/S", which is CEO speak for, let me see if I can get out of answering this question as vaguely as possible without answering yes or no, he never actually addressed the question with a real answer IMHO.

As far as the Preferred Shares, how can the company take away MANU's ownership in those shares?? And do they owe him money for taking away those shares?? what is the dollar value if any that must be paid to MANU for them??

I would like to know if MANU is completely out, or if he still has ownership in the company. If so, what class of share and how many...