Replies to post #46329 on Medient Studios Inc. (fka MDNT)

[Stock987]

Clarification:

The bonds are a pass-through, and no funds will come from the IDA, said IDA attorney Ted Carellas.

http://www.effinghamherald.net/archives/21874/

Lease is for 20 years and then Medient will pay $100 for the purchase of the board.

Building and land will belong to Medient, at least in 20 years the land will be theirs.

[lennylovespenny]

From what uninformed source did you hear that? That is just not true! MDNT has A 20 year lease, after that they pretty much own the land for what was it 100 dollar? And they have to find money themself they own the building. Period.

Also i am still waiting for an answer what "clearly fraudulent activity" the SEC has found according to you

[Realityhurts]

Yes, but, without MDNT having funding to fulfill their obligations, it seems doubtful that it will occur. Unless Effingham County really screwed up in their haste to get a deal done. I just reread the agreement, they might have, even if, it is obvious that MDNT will never be able to fulfill their end of the deal in the end.