Thanks to SeeThruEquity, a leading NYC based independent equity research firm focused on smallcap and microcap public companies, the penny stock of Medient Studios, Inc. (MDNT) is on everyone’s radars now. Having been one of the more enjoyable and predictable short-term swing trades to be involved in during the course of 2014, MDNT stock was given a 0.13 price target from the firm earlier today which unleashed the bulls onto the parade. With this due to be the entertainment content creation company’s breakout year, anticipation for the .03’s to begin showing up on the ask is just a day or two away.
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MDNT Stock Quote
Market Cap: 3.23M
Last: 0.023 ▲ +0.0064 (+38.55%)
Volume: 27,322,454
Dollar Volume: $581,882
Open: 0.0188
High: 0.0242
Low: 0.0176
Trades: 497
Authorized: 5,000,000,000
Issued and Outstanding: 140,418,483
14-Day Rel Strength: 70.95%
1st Resistance Point: 0.0249
1st Support Level: 0.0183
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If in 2013 you caught wind of Medient Studios and their efforts to build a fully integrated movie and electronic game production facility as part of their Studioplex on a 1,550-acre property in Effingham County, Georgia, there’s a 99.9% chance you lost money on MDNT stock. It wasn’t until October when the U.S. Army Corps of Engineers Savannah District approved and issued the Nationwide Permit to construct the two road crossings that were essential to begin the development of the Studioplex.
The Studioplex is due to become the largest film studio in North America. The lease on the 1,550 acres runs through July 1, 2033 and has no interest payable and no payments due for the first two years. Commencing February 28, 2016, the total rent of $10 Million is scheduled to be paid in 18 equal annual installments but has a catch to it – if Medient Studios does not achieve the specified goals of $90,000,000 in investment and 1,000 jobs on or before the end of year five, they are obligated to pay additional rent on the lease.
It’s still in the early stages, but 1,000 jobs and $90 million in investment into the project is very much why Medient Studios just applied to update their share structure by increasing their authorized shares from 500,000,000 to 5,000,000,000. It will make for financing deals like the one the Company entered into in August, 2013 with TCA Global Credit Master Fund, LP for $5,000,000 to finance development of motion pictures and also Print and Advertising costs for US domestic release of films that much easier and accessible.
However great it all sounds and looks on paper, MDNT stock had a Titanic-like performance during 2013. From June to July, everything was easy sailing for MDNT as the share price rose from the low 80’s to as high as 2.33. As soon as the news came out about the Studioplex deal in mid-July, it was lights out for momentum and shares slid to 0.35 within a month, had a bounce back to 0.74 for a brief moment, and then started taking on water, bottoming out at 0.012 just prior to Christmas.
It’s a new year now and nearly 3 months into it, MDNT stock, after bottoming out at 0.007 on February 6, is a traders dream scenario. Not only did SeeThruEquity come out with their bullish 0.13 target on the penny stock, but Manu Kumaran, Chairman of the Board and CEO of Medient Studios, converted $660,000 that was owed to him into 10,312,250 shares of MDNT stock, $0.064 per share, just 3 days after the shares set their 52 week low.
If that isn’t a bullish believer that Medient Studios is going to aggressively be looking to get their share price up to take advantage of acquisitions like their recent one, Atlas international Film GmbH, then sit back with a bucket of popcorn and watch the message board pots about how much fun it is to trade MDNT stock.
About MDNT Stock
Medient Studios, Inc., headquartered in Effingham County, Georgia, is a development stage, global film production and distribution company with a strong presence in the key markets of North America, Europe and India.
Click here to view the SEC filings for MDNT.
Click here to view the website for Medient Studios.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 03/18/14 | 0.0188 | 0.0242 | 0.0176 | 0.0230 | +0.0064 | +38.55% | 27,322,461 |
| 03/17/14 | 0.0127 | 0.0171 | 0.0125 | 0.0166 | +0.0036 | +27.69% | 21,722,199 |
| 03/14/14 | 0.0119 | 0.0130 | 0.0110 | 0.0130 | +0.0020 | +18.18% | 3,455,700 |
| 03/13/14 | 0.0126 | 0.0126 | 0.0110 | 0.0110 | unch | unch | 5,968,500 |
| 03/12/14 | 0.0127 | 0.0142 | 0.0105 | 0.0110 | -0.0007 | -5.98% | 8,807,300 |
Bottom Line:
Just like they want to do with their movies, MDNT stock has hit screens all across penny stock land after SeeThruEquity came out today with a 0.13 price target on the shares. Even if MDNT only makes it to where Manu Kumaran converted his debt at, better than 100% gains are attainable for those willing to wait patiently.
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