MoviePass owner Helios & Matheson shares plummet after company prices $105 million public equity offering Source: https://www.marketwatch.com/story/m...105-million-public-equity-offering-2018-02-13 Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, -32.08% were down more than 30% in premarket trade on Tuesday after the data company announced a $105 million public equity offering.
Billionaire Israel Englander Pulls the Trigger on Alibaba Group Holding Ltd (BABA) and Helios and Matheson Analytics Inc (HMNY) - https://www.smarteranalyst.com/2018...-ltd-baba-helios-matheson-analytics-inc-hmny/
MoviePass™ Brings On Former Spotify and Viacom Exec as Chief Product Officer - https://finance.yahoo.com/news/moviepass-brings-former-spotify-viacom-154656231.html
MoviePass™ and Landmark Theatres Sign Exhibitor Agreement - https://finance.yahoo.com/news/moviepass-landmark-theatres-sign-exhibitor-130336209.html
MoviePass™ and Flix Brewhouse™ Announce Official Partnership - https://finance.yahoo.com/news/moviepass-flix-brewhouse-announce-official-154805056.html
surprised no one posted this today - made me laugh when i saw headline >> MoviePass Ventures to World Premiere John Travolta’s ‘Gotti’ at Cannes Film Festival - https://finance.yahoo.com/news/moviepass-ventures-world-premiere-john-163000891.html
nice little spike today & then a new Sec filing hits lol >>> https://www.sec.gov/Archives/edgar/data/1040792/000121390018007896/pre14a0618_heliosandmatheson.htm
they finally pulled the trigger >> Helios and Matheson Analytics Inc. Announces 1-for-250 Reverse Stock Split - https://seekingalpha.com/pr/1722454...-inc-announces-1minus-250-reverse-stock-split
Market Morning: Uber Grounded in NYC, MoviePass Sees The Light, Lira Crash Continues – Now that the stock has already dropped asymptotically closer and closer to zero with a market cap of only $113,737, MoviePass parent company Helios and Matheson (NASDAQ:HMNY) has finally come to the conclusion that letting people watch as many movies as they want for $10 a month might not be the greatest of business plans. Better late than never, as they say. In something of a “duh” moment, MoviePass CEO Mitch Lowe said, “It is really tough to launch a business that shoots up like a rocket ship, but hasn’t completely got the business model right.” In other words, it’s pretty easy to give away a service in demand for way below market price and lose money. To remedy this mathematical conundrum, MoviePass has changed it model to 3 movies a month for $10. Time to buy the picocap?
