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See ya - OEM
I'm not your enemy. Ted Farnsworth is. I'm only presenting real facts, real math and real analysis. Some of you pumpers have been nasty to me as you just proved, which is the only reason I defend myself. Otherwise, I'd just post facts and leave it at that.
You hit it on the nail. The R/S itself is sort of a non-issue in it of itself. Where it becomes a problem is the reason why the stock has tanked this much. That's from massive dilution. The wording in the last SEC filing suggests HMNY thinks they have the legal right to keep selling more shares without shareholder approval, despite the oddly high number of reserved shares, even before the 5 billion authorized shares. Like I said, we won't know until another SEC filing (BEFORE the special meeting) confirms outstanding shares has increased or not.
The PPS projection is with the reverse split adjusted. That's why when you look at charts from Amazon and other companies who do very well, it looks like they started as penny stocks.
The under 1 penny is reverse split adjusted, meaning that let's say it gets to 0.008, and HMNY does a 1 for 250 reverse split, the PPS Then jumps to $2.
It doesn't matter what the "current" PPS is. It just matters how much value shareholders have lost. That's why DCTH victims saw $100K with 500K shares drop to a few dollars with 3 shares left. Zero is still Zero no matter how many times you cut it up into fractions.
You had better start reading my posts. You don't have a lot of time left.
Anyone regret not listening when I warned that the HMNY SEC filings suggests they are unloading ATM shares again? I predict under 10 cents this month and under 1 penny before Thanksgiving. I'm rarely wrong... The pumpers here have been dead wrong for like 8+ months.
Enjoy the ride :)
I was going to say. I just didn't care to respond to that clown anymore. He's been pretty much dead wrong, but still somehow has the face to keep posting. Not worth my time to even reply and waste my response.
The only speculation are the hyping and pumping without reading SEC filings that clearly state management believes they will be -$45 million in deficit in June and this will only increase.
Bad news not done yet. Any person who understands reverse splits and why HMNY needs to do one is either sold out or trying to sell out. Only those who are misguided are holding till the reverse split to "see what happens".
I'm not sure.... I noticed another SEC filing states the reserved shares increased from 277 million to 400+ million, so maybe they are already in default and they don't care and as you said, they expect (almost guarantee) they'll be able to pull off the 5 billion share authorization?
I thought I read somewhere about they have 30 or 60 days before getting notified about being in default. I'd have to go re-read the note holders agreements. This is very confusing, just the way Ted likes it. Confuse the hell out of shareholders so he can use and abuse them.
That brings me to my point of my chart analysis before where I believe HMNY, through Canaccord, manipulated the stock and bought in to be a record holder as of June 25th, in order to ensure the vote goes their way, and then sold off the next day and oversold. That's just a hunch. The price action seems to prove it. They needed to sell out of bagholding BEFORE Monday's bad news.
When I was calculating how much money HMNY had left, I found something disturbing. June's note offering was the first time that I can tell this year where HMNY sold 20,500 Series A Preferred shares. Each share is worth $1,000. In the event of bankruptcy, etc., these shares get paid out before common shares.
$1,000 x 20,500 = $20.5 million, which is how HMNY received the $20.5 million cash from the June note holder/buyer. This tells me HMNY was desperate. None of the prior note holders received such a generous deal...
Also, my calculations show HMNY was low on cash by mid June. At the end of May, they only had $18.5 million left in the bank per their SEC filing.
Also, what's more disturbing is this the part (which I previously warned about yesterday) where it said "Our authorized but unissued shares of common stock are available for issuance without further action by our stockholders", which implies they can immediately start ATM dilution again (up to the previously announced $150 million limit). I'm unsure if this is what caused the selling yesterday and today?
I guess we'll only know once more SEC filings confirm the outstanding share. The current outstanding share is the 227 million + the 23 million the note holders wanted to exercise (in order to possibly dump on R/S day), or 15 days later, or to "lock in" their short profit.
Here's what the SEC filing noted:
"As of June 29, 2018 we had 249,870,588 shares of common stock outstanding and 20,500 shares of Series A Preferred Stock outstanding. Our authorized but unissued shares of common stock are available for issuance without further action by our stockholders, unless such action is required by applicable law or the rules of any stock exchange or automated quotation system on which our securities may be listed or traded."
I have proven mathematically, as long as MoviePass keeps herding MP subscribers to their own movies, they will be losing a lot of money. The higher the box office in combination with the higher the MP subscriber going to view these movies, the more they lose. Horrible business plan.
If they were smart or cared about shareholders, they would NOT be encouraging MP subscribers from going to their own movies so only non-MP members go, so they don't have to lose money.
The math doesn't lie.
https://photos.app.goo.gl/tXt7GdQwvSfuMgVy5
If 35% of viewers are MoviePass subscribers, HMNY basically guarantees they lose the money they used to acquire or make the film. Period.
If more than 35% of viewers are MoviePass subscribers, HMNY loses more money as the box office goes up.
https://photos.app.goo.gl/n1napzGWyM43CQGb9
Horrible.
There is no profitability. They lose money on tickets and now they'll lose money making movies and herding MP subscribers to movies and pay for them. HORRIBLE! Just wait until they do a movie that costs like $50 million to make.
You remember this post? 'Nuff said. Good night.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141528325
I originally said sub 10 cents in August, but we may see that before July is over.
Comparing TSLA to HMNY is like comparing a rare, precious meteorite to a poop nugget.
TSLA has an appeal that hits at the heart of big money investors. Potentially less pollution, less global warming etc.
MoviePass deals with entertainment in the movie business, which only some people do. HMNY effectively owns MoviePass. When you buy shares of what you think is MoviePass, you're buying HMNY. HMNY has costs with RedZone and all the "crooks" in HMNY and other expenses that you are paying for.
If MoviePass had publicly traded stock, then maybe you can start to even begin to make a comparison. That's like you marrying someone and finding out that person has child support you now have to pay for because this person you married isn't working.
Initially Ted had a chance. He intentionally blew it because he said himself he DOES NOT CARE ABOUT PROFITABILITY, EVEN LESS ABOUT REVENUE AND WILL SELL SHARES IF HE HAS TO. What part do not understand about that? He just said right there he intends on wiping out shareholders. If someone made a threat against you, do you not take it seriously???
Ted got greedy and the money loaned to MoviePass, instead of having them pay back as a loan, he decided to swap it for ownership of MoviePass. He got greedy. There's no other way to put it.
HMNY runs MoviePass. HMNY decided not to raise the prices of MoviePass subscriptions in order to grow subs, at the expense of shareholders. Many generations of shareholders have already been wiped out. You are not special. YOU WILL BE WIPED OUT and you will not be the last. You are not special.
Again, my point: THERE IS NO RUSH TO BUY HMNY STOCK. WAIT UNTIL IT'S PROFITABLE, which is probably never.
Ted made many empty promises and many outright lies. He promised MP would be self-sustaining by March. That never happened and in fact the expenses grew more. He promised no more dilution. He promised deals with movie theaters, multiple revenue streams
I have proven MATHEMATICALLY that his 51% acquisition of Emmett/Oasis is a money-losing business model. The math does not lie.
Do you realize why he doesn't take a loan??? He doesn't want to go bankrupt and wants to keep raping shareholders for money. THAT is his plan. This is why they silently increased the shares to authorize from 2 billion to 5 billion.
Exactly. Unfortunately, I guarantee you like 99% of the pumpers here did not research Ted Farnsworth.
Please see my chart analysis from before and read the comments. For your convenience here it is. Interestingly, why did my yellow arrow match up pretty much in the same area where the stock price ended today? ;)
https://photos.app.goo.gl/E6rM4LEmbpuUyLjA7
sublime740 is correct. Historical analysis has confirmed that a forward split typically means the stock traders higher afterwards.
On the contrary, a reverse split is typically performed by companies who are facing delisting, and as such must effect a reverse split in order to stay listed on the larger exchanges. The very reason why the stock is in this predicament in the first place is usually due to some reason. Most likely the reason is massive dilution, or a failed product, or diminishing sales.
As sublime740 points out, the reason is critical. In some cases, after a reverse split, the stock may tank some more. However, if an FDA approval comes along, or they happen to launch a really good product (HEAR is a stock I followed that did that), then the stock price goes up.
However, the majority of stocks needing to do a reverse split do not have anything magical to pull out of their hats, and typically after a reverse split, the stock sells off again, until they either delist or continue raping shareholders like DRYS and the other Greek shipping stocks. The reason the Greek shipping stocks can do it is because they are incorporated in the Marshall Islands, which has limited laws to protect shareholders. DCTH is an example where shareholders voted NO to a reverse split, which it then delisted (intentionally before the actual delist date as an "in your face" to the shareholders from management). It has since effected two punishing reverse splits of 1 for 350 and 1 for 500, which resulted in $100K at 500K shares to turn into a few dollars at only 3 shares. Some people ended up with ZERO shares.
Think about that for a moment. 500K shares, wake up after 2 reverse splits and you have 3 shares. Someone who started with less shares, say 75K, wakes up after two punishing reverse splits to find ZERO shares left. At a fraction of .4285, that usually gets rounded down to ZERO.
This is why a reverse split is not usually a good, especially multiple reverse splits.
So the reason matters. The reason HMNY is in this boat is because of massive losses, more and more each month. After a reverse split, this will only get worse. This is why they increased authorized shares from initially 100 million to 500 million to an expected 2 billion and then silently put in an amended to do 5 billion shares. That's massive shareholder raping.
So, for HMNY, it's not a good thing. But if you vote no, you're screwed either way. There is no reason to buy HMNY right now. There is no rush.
What did you get from this? There is no rush to buy HMNY right now. Wait for this mess to settle and wait until they are profitable.
I have already proven mathematically that their 51% acquisition of Emmett/Oasis films is a money-losing business model. Do you look at your bank statement and disagree with the math and sue your bank? Do you look at an equation that says 1 + 1 = 2 and you disagree with it? You wouldn't. So why would you disagree with my proven math abilities, which has resulted in spot on, dead accurate estimates of MoviePass subs (not once, but twice in October and in May) and dead accurate estimates of HMNY outstanding shares in the middle of June?
If she got it for you during Christmas, you'd be down like -98% :(
Yes, to da moon soon. The only problem? The booster rockets are almost out of fuel and will explode mid-air.
ALL-IN888 put on ignore for spamming pointless posts. A lot of you dum dum pumpers hate me, but at least I present facts, and analysis that are spot on. Did I not warn you would see bloodbath today?
This is on ALL-IN888's profile:
Investment Philosophy
Disclaimer: I push a stock higher based on Technicals and Breakout Bullish patterns; be aware that I will get out of a trade soon as the chart turns Bearish!; $$$$$
Favorite Quote
Pigs Always gets Slaughtered; Dont be Greedy $$$$$
However, this clown is doing everything exactly the opposite of his philosophies.
Comparing Apple, Amazon and Netflix to HMNY is like comparing diamond and gold nuggets to poop nuggets. They are not the same.
The only crook is Ted Farnsworth, who has lied repeatedly to shareholders. Honestly I'm surprised the SEC has not invested him yet. He's shareholder public enemy #1.
Don't worry, there will be 5 billion shares available to buy soon.
Umm, let me get this straight
MASSIVE dilution, a mathematically proven money-losing business model (not just for MoviePass but for the 51% stake in MoviePass Films) and this is an over reaction?
It's called Denial.
What part of under 10 million shares outstanding (100 million authorized) in August, 2017 to 250 million shares now outstanding (soon to be 5 BILLION authorized) in July do you not get?
What part of they are losing a ton of money more than they're willing to admit (Ted lied each time), and what part of the money-losing scheme called Emmet/Oasis 51% stake and herding MoviePass subs to watch it to lose money do you not get?
What part of Ted saying himself he doesn't care about profitability or revenue and will sell shares do you not get?
There's a reason even though scientists can make fusion, because the net energy going in to sustain it is MORE than the energy coming out, they don't do it because a negative net energy is not worth it.
I don't know, maybe only because I'm right like 99% of the time? :p
Wish you'd listened now when I warned long ago? I'm just trying to help...
It doesn't matter. People will have to learn for themselves.
I hope you read my other post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141916405
In August of 2017, there were less than 10 million shares outstanding.
In April of 2018, there were 53 million shares outstanding. That alone devalues a stock price. 10/53 = 18.87% of its original value
In middle June, there were about 227 million shares outstanding. Again, even 53/227 = worth just 23.35% of what it was worth in April.
The only reason they stopped diluting is because they are out of shares to dilute with. That's why they are voting for the 5 billion shares to be authorized.
53 million / 1,000 (1 billion = 1,000 million) = 5.3% of what it was worth in April.
If April was worth about $3, then when (not if) they dilute the eyeballs out of shareholders and are at 1 billion shares outstanding, the stock would be worth only 15.9 cents. The problem is that the market is forward-looking, so you will be seeing like 1-5 pennies by then, or worse.
So, how high will it go? That's the wrong question to ask. The real question you should be asking is: How low can this thing go?
The answer, check out what's happened to DCTH.
I have just saved you all from making a horrible mistake (well those who listen anyways). You're welcome!
100% proof Ted Farnsworth is going to destroy shareholders with his money-losing schemes.
Only made possible from your's truly, the guy who calculated MoviePass subscriber count and HMNY outstanding shares closer than any human being alive or any advanced AI, who calculated AMD Q2 earnings from 2017 closer than 18+ professional analysts, who called we'd be seeing under 30 cents before June was over, etc... too many things to list.
If HMNY hired me as the CEO, they would be able to make some money. But, sorry, you guys have Ted Farnsworth as CEO.
https://photos.google.com/search/_tra_/photo/AF1QipM1cuhshpGIA60V2GZUO1mBkkkDfnqksz-gAttq
I warned you guys after I did the math, I realized how utterly disturbing it is.
More like wiped out. You will lose, at minimum, -99% from here. Mark this post.
5 Billion Shares to Authorize means only one thing: HMNY plans to dilute the hell out of all the bagholders. As I've said before, multiple generations of longs were wiped out. You are not special. You will be the 4th or 5th iteration, and that's not even counting his other wiped out sharesholders from his other companies. Ted Farnsworth is getting exceedingly efficient at destroying shareholders each time. Current generation longs will be wiped out.
https://www.yahoo.com/amphtml/finance/video/moviepass-tops-1-5m-subscribers-222654906.html
At 7:50, Ted Farnsworth promised that "MoviePass, within the next 60 days, should be self-sufficient on it's own", that it "they're not going through cash burn", from "multiple revenue streams", with Ted chuckling even.
In SEC terms, the word is technically called "defrauding investors" if management knowingly make promises when they KNOW what they're promising won't happen. Ted has lied so many times that even I can't keep track of his lies anymore. Why Ted isn't in jail yet is a mystery.
So the other expected revenue stream was supposed to be from Gotti and AA.
Well, AA so far has been a disappointment. Notice the total number of theaters playing it has actually decreased, not increased. I previously calculated using 600 theaters at peak time to calculate possibly about $4 million revenue, and even at that, would result in a net loss. It looks like they are quietly lowering the theater count after just 339 theaters played it.
This is what I previously calculated AA to do, assuming 600 peak theaters:
-$3 million (to buy rights to the movie)
+$4 million (if lucky, from movie ticket purchases)
-$2.5 million (about 65% revenue split goes to pay theater chains)
-$1 to -$3 million (depending on how many MP subscribers went to see the movie - I know some pumpers claim that there were a lot of MP cards used)
=====================
-$2.5 million loss to -$4.5 million loss
This is now a rough calculation of what AA might do, assuming 339 peak theaters:
-$3 million (to buy rights to the movie)
+$3 million (if lucky, from movie ticket purchases)
-$1.9 million (about 65% revenue split goes to pay theater chains)
-$0.75 to -$2.25 million (depending on how many MP subscribers went to see the movie - I know some pumpers claim that there were a lot of MP cards used)
=====================
-$2.65 million loss to -$4.15 million loss
In fact, IN FACT, the numbers are EXTREMELY disturbing. I will share later with you, with mathematical proof how lame the Oasis acquisition is and how much it'll destroy HMNY shareholders. Wait until you see this. You will be shocked and awed.
Gotti is a huge flop. Yeah, it did more than I expected, only because Travolta is in it. Wow, yeah one of the few times I'm wrong. But it cost $10 million to make. Unfortunately with subsidiaries, you can hide the financials so we'll never know how much Ted Farnsworth paid for it. Some comments from people who saw it are "they obviously aren't going to win any Oscars", or "I'd rather wake up next to a severed horse's head", or "I still have nightmares about the movie". LOL I'm not sure anyone would want to stream it repeatedly or waste money on DVD/BLU-Ray sales.
In their April announcement, HMNY stated "Gotti is precisely the type of film we established MoviePass Ventures to support". I'm not sure why you would want a sucky film like this in your portfolio. They'd have made shareholders rich if they bought the rights to do Marvel movies. $300 million will net you over a billion dollars.
“It’s going to be substantial,” said Farnsworth. “People are going to go, ‘Hmm how did they pull it off?’”
What a waste of shareholders' money. Ted pulled it off by stealing from shareholders LOL. 5 BILLION SHARES AUTHORIZED. Well, duh! I've been warning that all along.
1. Can you (or any long here) tell us how much money HMNY is losing per month? How about for June? (hint: It's in their SEC filing)
2. Can you tell us how many shares they must dilute per trading day in order to survive?
3. Can you calculate how much money they have right now, given the only funding they've had since they ran out of ATM shares to sell was the $20.5 million from the June Financing (other than from MP subs)?
4. Can you suggest what will happen if they are not able to effect a share authorization increase from 500 million to 5 billion shares in just about 2-3 weeks in July? Would they even have enough cash to last that long?
5. Can you suggest what will happen if they ARE able to effect a share authorization increase from 500 million to 5 billion shares in July? Would immediate dilution start or no?
Answer those questions, and you answer your own question.
More like after it tanked 99.5%
I was confused at first why HMNY would allow note holders to convert their warrants into shares, outside of the originally agreed upon note agreements. It's clear now. The provisions set forth in the 8-K released on 6/29/18 references that the Holders cannot sell these shares from now until a period ending on the earlier of (x) July 23, 2018 and (y) the Stock Split Stockholder Approval Date, and again not after 15 calendar days after the stock split or the July 23rd date. In other words, they are allowed to sell these shares right after the reverse split.
The provisions in the SEC filing also notes if the share price goes above 50 cents (adjusted for the reverse split), the Holders can sell.
Additionally, the SEC filing notes the Holders can use these shares to cover for short sales. This is beneficial if the Holders shorted HMNY and wants to "lock in" their profit by using these shares to do so, thereby shorting in a box, until market conditions confirm which way the PPS is headed. In other words, after the reverse split, if the PPS starts dropping, the Holders can immediately sell their 22,617,879 shares, and keep their short positions and make money and never have to worry about their warrants again. If the PPS starts going up, they could keep their short in a box and not lose money, and then once the price hits 50 cents, they can start selling these 22,617,879 shares, thereby making money without an exercise price required. At that point, they could cover their shares, and in theory still be ahead.
This is a win-win for the note holders. In fact, this would be bad for shareholders because if the PPS tanks after the reverse split (typically it does as people panic sell), the Holders can dump 22,617,879 shares and add to the selling pressure.
There's no good news from this.
That's how Ted gets you misguided longs docile so he can milk the eyeballs out of you. You seriously think he cares about his shares? He said before in his prior "adventures" that it wasn't like he sold his stock. That's not his intent. His intent is to use shareholders to do his bidding. That means destroying shareholders if he has to.
The company can authorize him more shares easily. Do you seriously think that measly 5 million shares matters??? Wake up and smell the coffee man. You're not the first. You won't be the last. Plenty of people have argued with logic before and lost. Watch, you will lose 99% of your investment from this point onward. Mark my post.
I was responding to someone else. Just ignore facts like you've been ignoring, alright? That way you can just believe in unicorns and whatever else you want. Ignore reality.
Crystal ball says: Bloodbath next week