![]() The Motley Fool has no position in any of the stocks mentioned. Rich Smith has no position in any of the stocks mentioned. MoviePass might be making a comeback after co-founder Stacy Spikes bought the company back out of bankruptcy with hopes to relaunch the service in some form in 2022. The Must-Read Trump Quote on Social Securityġ0 Reasons Why I'm Selling All of My Apple Stock New Delhi, Feb 27 Markets regulator Sebi on Thursday levied a total fine of Rs 65 lakh on Helios and Matheson Information Technology Ltd for disclosure lapses and violation of listing agreement. Helios and Matheson Analytics Inc HMNY stock dropped 7.3 percent Friday after shareholders voted to authorize the company to increase its total number of shares outstanding from 100 million to 500. The $16,728 Social Security Bonus You Cannot Afford to Miss MoviePass shareholders may have finally twigged to the fact that it's not going to work out for MoviePass, either.ģ Stocks That Are Absurdly Cheap Right Nowĥ Warren Buffett Principles to Remember in a Volatile Stock Market In total, Helios and Matheson is creating the potential for up to 26.5 million new shares of its stock to flood onto the market - and as early as the February 15 closing date for the sales. With MoviePass still selling monthly memberships for a mere $9.95, movie theaters still selling tickets for an average of $9.16 per flick, and MoviePass still paying full freight on as many as 30 tickets per month for each of its subscribers, it's hard to see how adding more subscribers will do anything other than lose more money for MoviePass, faster.īusinesses have been promising to sell things at a loss then "make it up on volume" for about as long as there have been businesses - but the economics rarely work. Five days have passed, but management hasn't revealed any details regarding how many shares it plans to sell, how much money it might get per share, or when (or if) the share offering will even happen.Ībout the only "news" there's been in the intervening time is that Helios' CEO Ted Farnsworth did an interview with in which he apparently promised to make his company profitable within the next six months, and grow his subscriber base to five million customers. Helios and Matheson Analytics ( ) stock took a huge ride on deal news, but the ride was nothing compared to the alternating skyrocket and anvil rides it took on other news in October. It's been nearly a week since Helios issued its ultra-vague announcement about an upcoming issuance of new shares, plus warrants to buy even more shares. MoviePass is quickly turning from a thriller into a horror show for its shareholders. Helios and Matheson Analytics Inc Follow Share 0.00 Sep 1, 8:10:00 PM GMT-4 USD OTCMKTS Disclaimer search Compare to Fiore Cannabis Ord Shs 0.00 FIORF0.00 HPIL Holding Common Stock. People watching a movie in a theater eating popcorn and drinking soda.
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