Read PR and check last filings? I will break it down 4 u buddy, because the hate in ur heart has blinded u lol. I will link last filing, which shows the most current financials us public can have... I see over 100k? left of notes from what we know? They could have paid or gained more..
MVES'S dedication to its shareholders continues to be paramount and the Company is pleased to report that it has extinguished the final $906,990 USD owed on its debt to KGH II LLC. This debt was originally taken on by the Company on August 7th 2015 in addition to the acquisition of a sixty percent (60%) membership of the acquired SAFELA film library including the represented feature films; A Broken Life with Tom Sizemore and Ving Rhames, Deal with Burt Reynolds, Night of the Demons with Shannon Elizabeth and Edward Furlong, Noise with Tim Robbins, Nine Miles Down with Adrian Paul, Pool Boys with Tom Arnold, Cemetery Gates, Knifes Edge, Fractured, Autopsy and Drunkboat starring John Malkovich and John Goodman.
The Movie Studio and its shareholders now benefit from having this long-term debt permanently retired from the Company’s balance sheet, as will be reported in the Company’s next Quarterly filings. This places MVES in an ideal position in which there will be no convertible dilution of its share price due to this former debt as it aggressively moves forward with its business model of development, production, acquisition and distribution of independently produced feature films.
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