Medient Studios Issues Letter to Shareholders
April 02 2014 - 08:59AM
Marketwired
Medient Studios Issues Letter to Shareholders
EFFINGHAM COUNTY, GA--(Marketwired - Apr 2, 2014) - The
following is a letter issued from Chairman Manu Kumaran:
From,
The Chairman Medient Studios, Inc.
To those who believe and for those who don't..
This will be the first and the last time that I will react to
the performance of our stock in the market. The reaction to the 10k
in the market yesterday has been extremely disappointing. We
articulated our plan in great detail and demonstrated significant
progress in the last year. The fact that there was such an dramatic
turn in price is beyond logic.
In this context I can confirm that no additional shares were
issued by the company today, or in the past few days and
insinuations to that effect are totally baseless.
Personal accusations against me are laughable. I have put my
money where my mouth is by converting $660,000 at a premium of over
800% to the then market price. I have and will not sell shares
unless they hit a base price of $5. The moment I decide to sell a
Form 4 will be filed.
This is a company in a rapid growth phase and does need capital
to be raised. The reason we are public is to facilitate that.
Again, as I specifically mentioned in yesterday's letter ALL money
that is raised from the market is going directly into increasing
the company's strength. Every dollar of debt that is sold to
investors will be replaced by revenues from Yellow staying in the
company, which will be used to fund additional films and Studioplex
construction.
If you believe in the direction we are headed and in the depth
of experience in the management team then the fact that shares are
available at these prices should make you happy.
If you don't then I have nothing to say to you except request
you to find someone else to harass. You don't control our destiny -
God and the believers do.
Along with this letter, I attach the five year financial
forecasts for the company once the Studioplex is functional.
Prepared by Atlanta headquartered boutique financial services
firm HDH Advisors, the projections reflect an IRR of 55.2%. If you
compare these numbers to those of some of our key comparables you
will see that the realignment of the production process creates
higher revenues at considerably lower risk. The model also used the
Monte Carlo methodology to create statistical predictability
models, analyze key risk factors, and a range of prospective
performance outcomes.
They very clearly show that once the Studioplex is operational,
Medient will be one of the largest content creation companies in
the world.
This is the dream that I invite you to be a part of. If it
excites you, then I welcome you to the journey. Else I wish you
well.
With the warmest of regards,
Manu
Investor Relations: David Waldman or Natalya Rudman Crescendo
Communications, LLC Phone: +1 (212) 671-1020
Ext. 304 Email: mdnt@crescendo-ir.com
http://www.crescendo-ir.com/