Yeah, not his first rodeo, but using toxic notes to raise enough to keep the company running for another month will ensure it's his last rodeo. By then the market cap will be $2 million for a company burning $20 million a month and then what's the plan?

They will not be able to raise enough money through dilution. Even if they were able to raise the equivalent of their current MC through dilution, it would be gone in a month. They are either going to go bankrupt in a month and get bought, or go two months with dilution, and then get bought when that fails too.

Time for management to face the music, they can't run this business.

My main line has been they are going sell themselves ASAP while they still have 5,000,000 subscribers+ and the leverage to do so.

Under current management Moviepass is eventually going BK, if they're greedy, they will sell while their brand still has renown.

You can't raise $40-50 million of capital for a $10 million stock. That's not how financial markets work.

The previous dilution worked because the market capitalization was in the billions. Now we're at $10 million MC, you can't raise $100 million or whatever crazy amount of dilution people think is going to happen here.

3.5 billion dumped to whom? At 0.01 a share, that's $35,000,000 - 4x current market capitalization - there's no market for this stock absorb anything like that amount. What you're saying is investors are going to pay 4x what the company is worth to keep it going. No way.

I reiterate: this PR is bogus. Fake news. A falsehood. They can't raise any more capital. They may stay listed on NASDAQ after the RS, but they might get thrown out for another reason. Based on the bid-sizes I've been seeing it looks like HMNY is in cahoots with short-sellers and this absolutely BOGUS PR is just to bail out their positions.

This RS PR is bogus. They can't actually expect to be able to raise any money from dilution when the market cap is less than $10 million.

The solar plant was privately owned by the town's previous owner, Jerry Freeman. It would not have been part of the transaction for ownership of the town.

Sounds like ERBB waited for a good deal on it and it's a sign that management is ready to get some balls rolling.

Nipton Rd (to Nipton, CA) got destroyed a few weeks ago.. link inside

https://news3lv.com/news/local/3m-in-repairs-planned-for-nipton-road-after-flooding-washes-out-some-road-near-border

Looks like our town is getting $3 million for a nice new road.

There are none, least of all any belonging to a previously NASDAQ listed company.

The guys in charge filed the 20-F this year because they intend to remain productive players in the industry.

Locked and loaded here boys what's happening

Medican website says Shares Outstanding: 42,585,852

http://medican.enterprises/stock-information/index.html

5s gone, 6s up. Should go too.

5s up and 4s are gone, 0.0006 to 0.0008 close imo

Looks like they did the RS, nobody noticed though: Yahoo, StockCharts, etc.

its ok there will be a new high for you to buy.

Yes we be de po folks in dis heayuh IHub..

$1 billion valuation ~ $26 per share

just a number to think about.

Doesn't feel unlikely.

I predict the 2018 farm bill will be an adaptation of the bill Illinois passed recently (https://chicago.suntimes.com/cannabis/rauner-hemp-bill-legalize-signs-bruce-governor-cannabis-farming-agriculture/) which legalizes the extraction of CBD by hemp processors and when announced will send HEMP's PPS into dollars. $20-40 of CBD can be extracted per lb of hemp. Do the math.

We'll be sittin pretty with a finger in the pie of the biggest CBD manufacturing operation in the US.

Moviepass is worth $1 billion+

Huge value play here. Management is taking FREEF upward and off the OTC Market.

http://www.dispatch.com/entertainmentlife/20180902/movie-box-office-logs-best-summer-in-20-years

thx to moviepass...
"One concern that might also may fade is the disruption caused by MoviePass, which shook the industry by offering unlimited moviegoing for les than $10 a month. "

I'm calling a +100% gap up for HMNY on Tuesday open.

"With the summer bouncing sharply higher, analysts are raising their forecasts for the full year, crediting the Disney blockbusters and surprise hits such as “Crazy Rich Asians” and “The Meg,” an action film about a giant shark."

Two movies Moviepass marketed heavily on its service. Notice the line:
analysts are raising their forecasts for the full year

This is momentous.

That convertible debt is worthless, seems more like a poison pill. Anyway, those creditors will accept a much discounted prepayment when FREEF gets new financing after NBG debt is settled. I don't think they would have filed their 20-F this year if they weren't going to make some moves.

4 shares traded.

Musk is lying. Today is the day of reckoning.

Zero.

My guess is TSLA can't raise any more cash, Elon realized this when he found out the Saudis got billions in equity without him from the open market. Someone was selling their exposure on that transaction BTW. This charade is a hail mary pass. Look out below.

New 6-K filed ($2.4 million sale of M/V Neptune): https://www.sec.gov/Archives/edgar/data/1325159/000161577418007569/s111884_ex99-1.htm

Looks like they are about to settle their debt with NBG!

From filing:
"...Discussions continue with the standalone lender NBG regarding releasing the Company’s corporate guarantee and final settlement. The Company will now focus on income from dry-bulk chartering activities, pending the settlement of outstanding debt with NBG."

More refinancing agreements for Greek shipping:

https://finance.yahoo.com/news/seanergy-maritime-holdings-corp-announces-120000334.html

BDIY charging higher @ 1612

BDIY just broke out HUGE!!!

https://www.bloomberg.com/quote/BDIY:IND

Containership stocks are starting to fly!!!

The microcap shipping stocks are popping today.

Yuan devaluation continues... bullish for shipping.

Interestingly, Yahoo!Finance's Friday data is showing a 300,000+ more shares traded with a final price of 0.0070.

https://finance.yahoo.com/quote/FREEF?p=FREEF

Note the difference between ADVFN's reported volume and Yahoo's.

Not sure how anyone can be worried about dilution when I saw a 300,000 share bid sitting all day without being hit. Makes recent moves look more like some overactive small time shorties were following the pullback in dryships.

Ah yes. 200 shares of volume, a hallmark of dilution. ;P

Not today, but I got more than today's traded volume in my account from accumulating this past week.

I've been loading the proverbial boat.

Another shipping company has had debt refinanced!!!

https://www.hellenicshippingnews.com/diana-shipping-inc-has-reached-an-agreement-with-bnp-paribas-that-sets-17-vessels-of-the-fleet-unencumbered/

HUGE NEWS!!!: https://www.hellenicshippingnews.com/diana-shipping-inc-has-reached-an-agreement-with-bnp-paribas-that-sets-17-vessels-of-the-fleet-unencumbered/

I'm just reporting the facts, Max, not bashing. I'm bullish all shipping stocks. Ask someone else.

What market is there? None. You can't sell $1 million of stock if the market cap is only $30k. You can't sell stock if there are no buyers. The death spiral is over.

No RS is coming, they have no market cap to dilute, and it would achieve nothing. Is there any serious concern about diluting when your market capitalization is sub-$40k? Not even the scummiest firm would take that deal. It would probably cost more than the amount they could raise. There would need to be an extreme pump first to at least $1M market cap.

Additionally, they are not even allowed to take on additional debt per their covenant with NBG, which is what an RS + dilution would imply. Any additional fundraising will have to be directly through NBG. NBG owns their a**, read the 20-F. They can pull the plug on FREEF at any time. But the shipping sector is the only thing growing in Europe right now, so I don't think they will kill their chicken while its making eggs.