Replies to post #13346 on Medient Studios Inc. (fka MDNT)

[TradeDoctor10]

This allows the CEO to convert debt to equity. We all knew this was coming. OS has been the same for months. I'm sure we will see a PR about it.

[GOLDMAN007]

that's news was already absorbed a long time ago,, extra shares needed for a major deal that will pr'd soon imo. pps headed much higher from here

[Debbie777]

It doesn't become effective until they file their amendment with Nevada... they don't anticipate doing that until April 7th. Here's the most important statement in that 14C.

The purpose of the increase in common stock is to increase the number of shares of our common stock available for issuance to investors who agree to provide the Company with the funding it requires to continue its operations, and/or to persons in connection with potential acquisition transactions, warrant or option exercises and other transactions under which our Board may determine is in the best interest of the Company and our stockholders to issue shares of common stock. As of the date of this Information Statement, we have not identified any potential investors and have not entered into any agreements relating to any potential investment in the Company or otherwise pursuant to which we will issue shares of common stock. There are no current plans to issue the additional shares, and the Company can issue the additional shares without shareholder approval.