Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The movie subscription service MoviePass recently emerged from a 2020 bankruptcy. Walmart's Backing May Be The Boost the New MoviePass Needs.
neat. i wish Stacey success.
LOL. What does have to do with this stock? Nothing they sold MP long ago. Also new MP will fail just like before.
MEDIA
MoviePass has landed a deal with Walmart to sell subscriptions in stores across the country
Good luck getting it there.
This will eventually be halted because of CHP 7 and no operations. LOL $2.00.
It would really be nice to get price close to 2.00 in the future.
Why is this still trading since company is no more. CHP 7 finished yet?
That's almost $2.00 traded dollar volume. Miniscule.
.
no kidding the show is over and the train left for the airport-to see the rich people
The company is dead. Chp 7. Lucky still trading.
About time traded a few million.
Only hundred thousand, come on get with the program.
I expact that asset was auctioned by the rankruptcy court.
.
I tried to click on the red zone app it’s nowhere to be found does Hmny red zone map even exist just curios
LOL. really do not understand what chp 7 huh? There is no company it over.
Its still alive. I bet when over a penny someday and on pink , they will let me buy. Crooks
LOL. What part of chp7 and done is not clear? There is no company.
I would BUY if they let me like right now. lol Just watch when over a penny will let u buy. Such is life.
Amazing people still do not get that.
MoviePass, the asset of the bankrupt Helios and Matheson (HMNY), was sold. The current come back MoviePass has no connection to HMNY which will soon be cancelled and cease to exist.
.
This is chp 7. There is no company anymore.
Chapter 8 -----------------reads like ''ALICE IN WONDERLAND''
CH. 9 is ''Mickey Mouse''
LOL. This is chp 7. There is no company or operations.
Nope, can't and won't happen. The company is in Chapter 7 bankruptcy. Automatic liquidation and dissolution. Once all the assets are sold and distributed to creditors, the company will cease to exist.
The stock will be cancelled and disappear forever. Common shareholders will get nothing.
I look for HMNY to follow suit on a comeback dividend of shares something similar to /AMC/ Ape stock preferred dividend they paid off billions of dollars there balance is now positive and it didn’t take long to accomplish/moviepass intertainment holdings just a guess /the true value is people wanting something new and there’s no limit to the people that want it we are out here waiting /you just get it started we will take over from there.You own it we just here to make sure you succeed.
One small step for man, one giant leap for HMNY. Someday!
This is just mean
…
HMNY
NaN 8,333,900.00% $165,413.99739
Worth 50 cents each. Sound about right.
Coming back lol. Chp 7 says opposite.
Your 500,000 hmny shares worth 50 cents. Good luck!
.
This stock has been done for long time. MP was sold.
Company Number
M19000004595
Status
Inactive
Incorporation Date
29 April 2019 (over 3 years ago)
Company Type
Foreign Limited Liability
Jurisdiction
Florida (US)
Branch
Branch of MOVIEPASS AIR LLC (Delaware (US))
Inactive Directors / Officers
THEODORE FARNSWORTH
THEODORE FARNSWORTH, agent
Registry Page
https://search.sunbiz.org/Inquiry/Cor...
Source Florida Department of State Division of Corporations, http://www.sunbiz.org, 1 Oct
Company Number
M19000004595
Status
Inactive
Incorporation Date
29 April 2019 (over 3 years ago)
Company Type
Foreign Limited Liability
Jurisdiction
Florida (US)
Branch
Branch of MOVIEPASS AIR LLC (Delaware (US))
Inactive Directors / Officers
THEODORE FARNSWORTH
THEODORE FARNSWORTH, agent
Registry Page
https://search.sunbiz.org/Inquiry/Cor...
Source Florida Department of State Division of Corporations, http://www.sunbiz.org, 1 Oct
What is moviepass air lllc - fansworth creation
Oh, that made me laugh!
.
By all y’all still posting tells me this gonna soar one day. Why I still have 500,000 shares. Never selling. It’s coming back.
HMNY = 0.0000001
Negligible to zero daily volume.
Nope just saw another stupid post. Its chp 7 it is done.
Yet you are here interested? OK, sure Jan
LOL. This is chp 7. Show ended long ago.
I still can not buy but small vol and now .0004 Baby steps!
Thanks for the news
Just found this article that was posted today. Most of which we already know.
The former CEOs of MoviePass and its parent company were indicted on securities fraud charges for misleading investors and making false statements about how successful the movie subscription service was, the Department of Justice announced on Friday.
Theodore Farnsworth, 60, former CEO of parent company Helios & Matheson, and Mitchell Lowe, 70, former CEO of MoviePass, allegedly schemed to inflate their stock price and attract investors by making false and misleading statements about how well the business was doing, federal prosecutors said. They have each been charged with one count of securities fraud and three counts of wire fraud and face a maximum penalty of 20 years in prison on each count if convicted.
Founded in 2011, MoviePass allowed users to attend a set number of movies in exchange for paying a monthly subscription fee. In 2017, they dropped their subscription fee to just $9.95 a month to see unlimited movies and saw millions of people sign up.
For movie lovers, it was a deal that seemed too good to be true. In April 2018, the company disclosed to regulators that it had been losing around $20 million a month for several months. Later that year, the company borrowed $5 million after claiming it could not pay its bills. The company eventually shut down in 2019, claiming that the efforts to recapitalize the business were unsuccessful.
Farnsworth and Lowe knew MoviePass's $9.95 unlimited plan was a "temporary marketing gimmick to grow new subscribers," a DOJ press release said. Yet prosecutors allege that in 2017, they both falsely claimed that it had been market tested and would be sustainable and profitable.
The two men also claimed other revenue streams would help make the company profitable and self-sufficient, yet they knew these did not exist, authorities said. And they also knew that MoviePass's parent company didn't have the technology or capability to monetize subscriber data as they claimed to be able to do, the DOJ said.
"The Department of Justice is committed to protecting the public from being exploited by criminals for their personal profit," assistant attorney general Kenneth A. Polite, Jr. said in a statement.
Chris Bond, a spokesperson for Farnsworth, said the former executive's legal team plans "to contest the allegations in the indictment until his vindication is achieved" in a statement to CBS News.
Last year, MoviePass agreed to settle Federal Trade Commission accusatgions that it knowingly deceived customers and exposed their personal data, among other things.
After shutting down in 2019, MoviePass plans to relaunch next week in Chicago as MoviePass 2.0 beta, per its website. It is being run by its original co-founder, Stacy Spikes, who had sold a majority stake in the company before repurchasing it in 2021.
The new service will have three pricing tiers, $10, $20, and $30.
https://www.yahoo.com/news/former-moviepass-executives-knew-unlimited-201021633.html
Still would not let me BUY! Tears!
the thot of eating Baloney sandwiches ---makes me ill, and ill tempered
Followers
|
354
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
52209
|
Created
|
06/14/11
|
Type
|
Free
|
Moderators StockItOut |
Helios and Matheson Analytics Inc. (OTC:HMNY) (“Helios”) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. Helios currently owns approximately 92% of the outstanding shares (excluding options and warrants) of MoviePass Inc., the nation's premier movie-theater subscription service. Helios' holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. Helios is headquartered in New York, NY and listed on the Nasdaq Capital Market under
the symbol HMNY. For more information, visit us at www.hmny.com.
****
About Moviepass Inc.
MoviePass Inc. (“MoviePass”) is a marketing technology platform enhancing the exploration of film and the moviegoing experience. As the nation's premier movie-theater subscription service, MoviePass provides film enthusiasts the ability to attend select new movies in theaters. The service, now accepted at more than 91% of theaters across the United States, is the nation's largest theater network. Visit us at moviepass.com
Moviepass CEO Mitch Lowe: "I am convinced that one day we will see
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |