Replies to post #1441 on Medient Studios Inc. (fka MDNT)

[SILVERISTHENEWGOLD]

lmao then tell that to the Effingham IDA who approved the whole thing as well "universal accounting practices" too.

The asset/liabilities is a zero sum situation on the balance sheet ANYWAY, take away the land as a $22M asset and you also take away $22M liabilities on the balance sheet as well lol
Pretend that is the case, you are still left with an incredible balance sheet and stock price is at a deep discount to it too.


Also...

"No rent payments are due for the first two years, and the total rent of $10,000,000 will be paid in 18 annual installments, commencing February 28, 2016."

The land has been independently appraised at $22M, the rent is $10,000,000 before the lease is up where they can acquire it for $100. That's a good deal.