Here's the original 8-K from the merger, I'll have to say IMHO here because I cant yet find where it states that the preferreds were valued at 1.00 per share, I'll continue to look. I do believe I read that somewhere in the filings, I just have to find it...
ITEM 1.01 ENTRY INTO A MATERIALLY DEFINITIVE AGREEMENT
On November 26, 2012, Medient Studios, Inc. (the Company), a Nevada corporation, entered into a purchase and sale agreement with the owners of all the membership interests of Kumaran Holding, LLC., an Oklahoma limited liability company, to purchase all of the membership interests of Kumaran Holdings, LLC.
The Company purchased all the membership interests of Kumaran Holding, LLC for a purchase price of thirteen million seventy eight thousand dollars ($13,078,000). This will be paid in the form of ten million (10,000,000) preferred shares and twenty six million (26,000,000) common shares of Medient Studios, Inc. This deal closed on November 26, 2012.
Market Data 
Markets 
AI
