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The original post is at that link , scroll down about 12-15 posts . I just combined then here .
((validate this from another site ))
Greetings all. Been here a long time, but never made an account or posted before. I started trading late Aug 2018 chasing the pot stock hype, and on Oct 4th 2018 I noticed a stock jump over 150% in one day and was wowed. That of course was hmny…seems there was some miss information where 60 mil came from. Nonetheless, the next day I bought 18k shares and I've been averaging down ever since. Currently I have 35 mil shares at .0001
For the last 2+ years, I’ve done nothing but read, track and accumulate everything I could find. So, why am I posting now? Well, I've noticed lately there’s a great fog over this stock and I’d like to try a clear things up and add my personal thoughts.
*Late 2018: New deal, presented their last earnings, and says they plan to spinoff moviepass.
*Jan 2019: next step in dilution, new deals made, a $100 yearly membership money grab, and a small statement about a confidential S1 filed that received 22 responses.
*Feb thru may 2019: Delisted, Ms moviefone pump, more deals (Sabby and Ameritice appear) and final dilution to 3B share outstanding, and of course the vote for a potential 1k RS that indeed passed.
*Jun thru Aug 2019: Back door deals, moviepass app taken down, and a completion of testing for both iPhone and Android. Then NOTHING. They got everything ready and nothing, no PR.
*Sep 2019: hmny says they will sale moviepass and Ted quits, but says he’s going to bid on it.
*Oct thru dec 2019: Nothing while they prepared the CH 7. Court filings show they paid millions on accounting, lawyers and payoffs during this time. Oh, and Stacy Spikes was paid for his bashing early that year.
*Jan 28th 2020, Chapter 7 filed and doors shut. We wait…
*Feb thru March 2020: Moviefone and tact .com sale. Tact for 50k and moviephone a little over 1 mil. Just so happens hmny recouped their money for its purchase. The rest was in stock options which were sold long a go for a huge loss. Redzone was auctioned, but I knew no one wanted it.
*April thru June 2020: Moviepass assets are up for auction. Unfortunately, during covid19 when all the movie theatres are closing. That was their main buyers. No one was going to buy it when the future was so uncertain. Nonetheless, they had it anyways. 7 to 8 bidders paid 25k just to look at the data that they had, and they had to all sign confidentiality agreements. So we no zip about what the data truly is.
*July thru Nov 2020: Moviepass didn’t sell, so they have time to go after all management. A deal is made and a payment of 12 mil goes to hmny and moviepass (4 mil to the lawyers of course)
*Dec 2020: Meeting with the FTC where an agreement is made outlining the exact business model moviepass (note not hmny) will follow, and its for 20 years. Odd that a company going out of business, that no one wants to buy would sign an agreement with the FTC. Not a private company, but a company traded on the open market, and only moviepass.
*Late Dec 2018: first the lawyers file for a raise in prices starting Jan 2021 and then the trustee files for an extension (which I know was coming) from Jan thru Jun 2021. He states that he will not be marketing,
selling and he is unaware of any value in moviepass. Now that sounds really bad, but if you think about it the trustee never gave a value in the first place, plus the value and information is confidential and maybe just maybe he’s not going to sale it because there’s already a plan for it to reboot and go on the open market. He also states that the former interim CFO is still be utilized and being paid. The same guy that was paid 500k and that has IPO experience.
So, what now? Well, we wait.. I know I hate it too. The SEC and other court cases are the last hurdle and then all matters should be settled, and any investors would be worry free to invest in moviepass. I believe very much so that a spinoff is at work and earlier attempts failed due to the damaged business and abundant court and legal troubles. No investor is going to take that risk
Okay great, what’s Moviepass worth? Well, I can only use the knowledge I have, so, 19.95 a month (they know 9.95 won’t work) and 3 mil minimum subscribers (that’s the number they hit previously) = 59,850,000 a month, and over 718,000,000 a year, so without growth...just that, that's .2394 cents a share at 3b outstanding. If Cinemark (Regal already tested and used a sub system) buys it then that means this isn’t a US movie subscription, but a global one.
I hope this gives you all some relief and others possibly a new perspective. I won't be answering questions the info is out there and of course I'll be waiting a reading all the articles, comments, and court docs I can find. I’ll check in time to time.
Goodluck all and be well
(((end of original message)))
Amazon or Netflix interest in it then would be to buy it to kill it behind the shed. Buy it for less and remove the potenu for competition
Price wasnt too low - they never leveraged the marketing potential of the service , there' was plenty of money to be made promoting films and driving people to see films they otherwise wouldn't have. Studios could have entered into bidding wars for the hot movie each weekend . this tool is a device to control the audience levels in theaters , this is why amazon or Netflix ought to buy it . they could wither have people in seats to talk the movie up, for more viewership online. theres lots of money to be made here with this company with enough vision. the card was supposed to eventually include events around the movie too , so to say discounts at area restaurants etc . we know that theaters always have the same groups of restaurants around them. Moviepass was cut short - it didn't fail because of a bad plan , it failed because the pan was not implemented
finally light at the end of the tunnel- big announcements on the horizon
MOVIEPASS PARENT CO INVESTORS ANNOUNCE 8.25M SETTLEMENT
https://www.law360.com/articles/1337246/moviepass-parent-co-investors-announce-8-25m-settlement
44 MILLION SHARES ON BID
Lets put it this way - per the filing - no one could afford the assets because of the pandemic -signaling they are going to fetch a lot of money when they do get sold.
Of course they can, and easily . Simply Google withdraw chapter 7.
I bet they cancel (withdraw) the Chapter 7 - Ted already resigned - The have nothing to lose
$hmny MOVIEPASS Bids are being accepted today for their liquidation sale - Shareholders will see a 30x bag increase as Sale funds are distributed to shareholders . Disney and Amazon amongst 75 bidders - Let the bidding war begin
$hmny MOVIEPASS Bids are being accepted today for their liquidation sale - Shareholders will see a 30x bag increase as Sale funds are distributed to shareholders. Disney and Amazon amongst 75 bidders - Let the bidding war begin
$HMNY MOVIEPASS - - CONFIRMED!! Asset sale WILL result in payment to creditors
See Page 12
www.kccllc.net/helios/document/2010242200608000000000001
.03 - .05 range coming soon
HMNY MOVIEPASS - CONFIRMED!! Asset sale WILL result in payment to creditors
See Page 12
www.kccllc.net/helios/document/2010242200608000000000001
Amazon listed as one of the buyers of Moviefone
http://www.kccllc.net/helios/document/2010242200518000000000002
NEWS OUT - $HMNY INSURANCE TO PAY OUT
http://www.kccllc.net/helios/document/2010242200520000000000001
.005 today lets go
it's not just the auction - but the award from the MOviepass Vs SInemia copyright infringement lawsuit for infringement and LOST REVENUE DAMAGES
add to that HMNY operating insurance and cancelled debts This is a whale
Here's why HMNY / MOVIEPASS skyrocketed today - with links
MOVIEPASS AINT DEAD YET -= Lots of money to be made here - especially at these levels - Upcoming news $HMNY
Liquidation Asset sale coming up WITH **75 BIDDERS**
( page 9 for details )
http://www.kccllc.net/helios/document/list/5137
Ongoing massive $$ lawsuit for copyright infringement if Moviepass Intellectual Property and lost revenue
https://www.pacermonitor.com/public/case/23787170/MoviePass_Inc_v_Sinemia_Inc
AMAZON making an active and long speculated jump into the Brick and MOrtar MOvie industry - Vested interest in buying Moviepass software and patents to preserve3 their profit line and control movie theater industry https://variety.com/2020/film/news/amc-entertainment-amazon-acquisition-stock-1234603290/
Here's why HMNY / MOVIEPASS skyrocketed today - with links
MOVIEPASS AINT DEAD YET -= Lots of money to be made here - especially at these levels - Upcoming news $HMNY
Liquidation Asset sale coming up WITH **75 BIDDERS**
( page 9 for details )
http://www.kccllc.net/helios/document/list/5137
Ongoing massive $$ lawsuit for copyright infringement if Moviepass Intellectual Property and lost revenue
https://www.pacermonitor.com/public/case/23787170/MoviePass_Inc_v_Sinemia_Inc
AMAZON making an active and long speculated jump into the Brick and MOrtar MOvie industry - Vested interest in buying Moviepass software and patents to preserve3 their profit line and control movie theater industry https://variety.com/2020/film/news/amc-entertainment-amazon-acquisition-stock-1234603290/
MODS - Please STICKY the post I just shared
Here's why HMNY / MOVIEPASS skyrocketed today - with links
MOVIEPASS AINT DEAD YET -= Lots of money to be made here - especially at these levels - Upcoming news $HMNY
Liquidation Asset sale coming up WITH **75 BIDDERS**
( page 9 for details )
http://www.kccllc.net/helios/document/list/5137
Ongoing massive $$ lawsuit for copyright infringement if Moviepass Intellectual Property and lost revenue
https://www.pacermonitor.com/public/case/23787170/MoviePass_Inc_v_Sinemia_Inc
AMAZON making an active and long speculated jump into the Brick and MOrtar MOvie industry - Vested interest in buying Moviepass software and patents to preserve3 their profit line and control movie theater industry https://variety.com/2020/film/news/amc-entertainment-amazon-acquisition-stock-1234603290/
.03-.05 incoming - We haven't even started to move yet- this should have never been oversold so far- panic set in and this is the opportunity of 2020
IF YOU HAVE INFORMAITON TO SHARE WITH THE NYS ATTORNEY GENERAL TO SAVE US THAT 30 MILLION DOLLARD FROM HUDSON BAY - MAKE IT KNOW NOW OR LOSE IT FOREVER - THIS IS YOUR MONEY - i HAVE ALREADY BROUGHT IT UP TO MITCH LOWE https://formsnym.ag.ny.gov/OAGOnlineSubmissionForm/faces/OAGCFCHome;jsessionid=6j4raaEwdUh7VBOl5cDAy_E4AlmFxfsX-D_2BVvDKBYDZUOUWK2L!-1100083158
.03-.05 in the next month
Monday will see new highs - lots of attention on this right now
75 bidders For Moviepass - listed on the filing here
http://www.kccllc.net/helios/document/2010242200505000000000001
You never know - but I see .03 - .05
You never know - but I see .03 - .05
7's are up - blowing through the ask today - Lets go !
we've broken through 6 - 2.5m 6 on ask - take em out
6's are up ! Lets go !
The word is already out, here we go
UPDATES ON THE LIQUIDATION POSTED - http://www.kccllc.net/helios/document/2010242200509000000000001
BIG NEWS IS COMING
Yep - I think the estimates on the other site of .05 are kind of high - but .02-.03 are more realistic