Replies to post #42177 on Medient Studios Inc. (fka MDNT)

[Snakebit95]

Probably already spent on the world tour with the rich and famous. Would love to see the trip expense report.

[3454]

Four words-- pierce the corporate vial. Enough bs has gone on here where manu and the directors breach the shareholders fiduciary duties.

[APFarmer]

Let me first make the disclaimer that this is a micro cap, penny stock so who really knows- it's the wild west! Also, I am long on this name and not trying to manipulate anything, these are just my speculations and I have lost a ton.

With that being said, typically, a company is put into receivership and a court appointed trustee aggregates all of the assets and liabilities for liquidation. In the rare event that accounts receivable (from unaffiliated entities) actually get paid, that money is thrown in the pot. First the bills are paid and any holders of debt (at the corporate level) are satisfied. Everyone will come out of the wood work here. All of those "consultants", any accounts payable and the rest of them... In most cases, the settlements/lawyers are paid out some time in this period.

If there is any money left over, then it is distributed to the preferred shareholders and then the common shareholders.

Given that there is no cash flow associated with Yellow yet, I would speculate that Manu will be gunning for that asset in lieu of what he is "owed" as a preferred shareholder. If it is signed off on by the debt holders, at the corporate level then he will get it.

My huge beef with that, if it happens, is that he used a dillutive strategy to pay the debt off associated with Yellow and will have the asset, free of claim and we will get screwed.

[APFarmer]

Let me first make the disclaimer that this is a micro cap, penny stock so who really knows- it's the wild west! Also, I am long on this name and not trying to manipulate anything, these are just my speculations and I have lost a ton.

With that being said, typically, a company is put into receivership and a court appointed trustee aggregates all of the assets and liabilities for liquidation. In the rare event that accounts receivable (from unaffiliated entities) actually get paid, that money is thrown in the pot. First the bills are paid and any holders of debt (at the corporate level) are satisfied. Everyone will come out of the wood work here. All of those "consultants", any accounts payable and the rest of them... In most cases, the settlements/lawyers are paid out some time in this period.

If there is any money left over, then it is distributed to the preferred shareholders and then the common shareholders.

Given that there is no cash flow associated with Yellow yet, I would speculate that Manu will be gunning for that asset in lieu of what he is "owed" as a preferred shareholder. If it is signed off on by the debt holders, at the corporate level then he will get it. REFERENCE: Page 4, line 23 of the legal complaint. The value they placed on the preferred stock that Manu had was roughly $15mm.... Ironically the value of Yellow?

My huge beef with that, if it happens, is that he used a dillutive strategy to pay the debt off associated with Yellow and will have the asset, free of claim and we will get screwed.