{"id":4353,"date":"2014-04-10T15:15:12","date_gmt":"2014-04-10T15:15:12","guid":{"rendered":"\/?p=4353"},"modified":"2014-04-10T15:15:14","modified_gmt":"2014-04-10T15:15:14","slug":"medient-studios-inc-otcmktsmdnt-becomes-more-and-more-turbulent","status":"publish","type":"post","link":"\/articles\/medient-studios-inc-otcmktsmdnt-becomes-more-and-more-turbulent\/","title":{"rendered":"Medient Studios Inc (OTCMKTS:MDNT) Becomes More and More Turbulent"},"content":{"rendered":"

\"8MDNT.png\"Back in October, Medient Studios Inc (OTCMKTS:MDNT<\/a>) was sitting comfortably above the $0.10 per share mark. By contrast, at the beginning of December, it was struggling to stay above $0.015. With that in mind, SeeThruEquity’s decision to put a price target of $0.13 per share on MDNT<\/a> three weeks ago seemed a bit strange. <\/p>\n

Nevertheless, the optimism managed to boost the stock’s value. Several sessions of heavy buying dug the ticker out of the sub-penny levels and pushed it as high as $0.03 on March 28. A correction seemed inevitable, but what we have seen over the last ten days can’t really be classified as a correction.<\/p>\n

A “nosedive” would probably be a better description. Out of the seven sessions since the beginning of April, only two ended in the green. Yesterday’s closing bell rang when MDNT<\/a> was sitting at $0.014 which, as you might have calculated already, means that it has lost around 53% of its value in less than two weeks. That’s a scary drop, but what is the reason for it? <\/p>\n

It would appear that investors aren’t really happy about MDNT<\/a>‘s 10-K which was published on March 31. Neither are, as a matter of fact, SeeThruEquity who, half an hour before today’s opening bell issued an updated version of their report which now sports a lower price target – $0.10 per share. Once again, it’s up to you to decide whether their predictions will be more accurate this time, but while you’re making up your mind, we might as well check out the 10-K and see what’s bothering investors so much. Here’s a summary of the most important figures as of December 31:<\/p>\n