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The Spain article has Mitch stating 2.1M subs, that was a month or so ago.
They just fired 3 people, 2 from the HR department (the whole HR Dept.)
Ted Farnsworth makes $240k annually
Stewart Benson makes $200k annually
There will be no delist in Dec., the 180 day extension will be granted.
Don't miss out on the Annual Shareholder Meeting scheduled for December 27th. Announcement found in the most recent 10q.
I hold this stock so don't think I'm being a basher. I am just curious of other people's take on today's chart. What I find most interesting is that we just got a 10q explicitly stating, practically in bold letters that the ATM has stopped. Yet today's chart and after hours action looks exactly like a huge share dumping day.
LOL, funniest post of the day. Almost made me smile, if today's market as a whole had not tanked as hard as it did.
We haven't seen anything that low since Sept.
As StockIO mentions in an earlier post. Ted has backed himself into a corner. The ATM is halted and with no way to get further funding. This is why I believe the potential for subscription plan changes are coming. A three tier plan structure has been spoken about by media articles, one mirroring AMCs offering. The new plans and a potential for a better share price are up and coming before the annual shareholder meeting on Dec 27th. Along with the potential uptick in pps expect increased volitility. It's going to be extreamly turbulant for the next 6 weeks. Expect drastic ups and downs.
I use a different market cap/share price calculation that I prefer to keep proprietary. So it would really depend on the day.
For all practical purposes use their par value from the filings and use your own risk tollerance from there.
It has experienced extreme lows like that at times of bad press releases. I guess I won't make statements regarding such calculations it's up to each individual to determine. I wish I was averaged in at that price but I am not quite that low. Nor do I want it to drop that low again to give me the chance.
Motion to dismiss was vacated on Friday. Expect a slightly different action on it this week.
"There is no validity to a Reverse split."
Reverse spits do have one valid purpose, aquisitions.
"You actually write with apparent assumption that the “blank check” of an approved Reverse would upon approval be expected to be utilized for further dilution and selling by Helios as a means to raise capital.
That is the very issue which shareholders disapprove: the devaluation of their shares, in particular for a losing outcome."
I don't have to assume, the filings spelled it out ahead of time.
I'm not worried. I'm happier to see a lower pps with no debt than to have a high pps with loads of debt. Everyone knows Mitch's other brain child is debt burdened and NF just went through a huge share price reduction (over 30% ) and all I hear about is huge companies dragging tons of debt. Some folks walked into this security feeling like Rockafellers buying 100s of thousands of dollars of shares. Even lately I see people posting about buying millions of shares. Oh how amazing it must feel to be a 1% shareholder in a company on the NASDAQ but they are rewarding themselves with an attitude of grandure. HMNY spells it out ahead of time. I buy in small lots at the weeks low and keep my average balanced. I lost a bunch in the beginning when I simply took on a dump truck load all at one time. Today I'm balanced and breakeven, some days I'm up 5% and it takes work to do that. Sometimes people have to understand the stock market is an ocean. It isn't something that can be anticipated or assumed. One has to be constantly study and assessing and never assume. Take natural gas for instance. The US is producing more than ever but look at prices highest of the last 5 years. Why someone might ask. Because we are exporting more than ever and storage is catching up. Seems backwards, and it is on a micro scale but if someone looks at the big picture we have plenty and soon the market will balance. I can say one thing, reading through the 10q. The mass of capital loss went to aquisitions which fits their earlier stated plans. I am happy to see them doing what they say they will do. And I am also happy to see the motion to dismiss was vacated. I guess those that thought that it would be validated were wrong.
I trade one "fun" stock. Other than that I only trade s&p,metals & energy commodities. This way I can pay attention to whats going on. So when I put down HMNY then you will see me post on something else. It's dumb to hold more than 5 securities at any given time. But thx for the suggestion.
A wise man once said "stick with your convictions"
I also have a weird theory...
I believe that they DID have adequite votes for the R/S, but they choose to wait.
Before you respond, I have had multiple TBIs in life and a very abstract mind as a result. Please be considerate with your responses.
The retiring of the 2 board of directors members came at the public announcement of HMNY 10q not the voice of the members whom left. Because of this I see less concern that they have left the board. Also for two to leave at the same time leaves me with questions of their true grievances if any. I can see certain changes taking place and proposed actions that lead to a potential positive that many of us are hoping for. No guarantees because these changes don't necessarily point in the direction of this one possibility but still I am hopeful.
Keeping with the insurance/liability business model topic. I am at the point of belief that the subs are cost neutral or that it is HMNY/MP intent to manage the cost of subs through their own monthly fees. Perhaps the excitement of sub growth and the lack of true sub costs did catch them off guard. Mitch obviously jumped to the $9.95/mo plan, then definitely moved to $6.95/mo too soon. Obviously novice CEO mistakes, seeking the wrong aknowledgment of success over sustainability. But I have read that MP plans to create different sub package levels (obviously to late). With the previous 10q it seems straight forward that the overwhelming expense was due to aquisitions. At this point if sub load can simply be proven break even, then the purpose of R/S could be validated and genuinely voted on by the shareholders with more certain confidence. To balance the aquisition against the R/S ratio would give current shareholders more assurance that their shares would retain value and the new shares would purpose towards the new aquisition. Giving them an opportunity to buy more or hold what they have. The method of handing Helios yet another blank check and trust just hasn't been rewarded enough to be earned. Like I said I think they are cost neutral on subs. I just would like to know their aquisition plans. I can understand the benefit to aquisitions with the liability business plan because the goal is to reduce overall liability. But this plan must be shared with their only source of funding, the shareholder.
ObviousFake
From Pacer
Updated Fri:
SCHEDULING NOTICE by Judge S. James Otero. The Court finds the following motion suitable for disposition without oral argument and vacates the hearing on MOTION to Dismiss Case pursuant to Fed. R. Civ. P. 12(b)(6) filed by defendant Sinemia Inc. [ECF #34], set for November 26, 2018. See Fed. R. Civ. P. 78(b). No appearance is required. The briefing schedule remains as set by Local Rule. THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY. (vcr)
From the 10q:
"Our Board of Directors has determined that it intends to hold the Company’s Annual Meeting of Stockholders (the “2018 Annual Meeting”) on December 27, 2018, at a time and location to be specified in the Company’s proxy statement for the 2018 Annual Meeting."
Do you know how exactly correct your statement is?
https://www.insurancejournal.com/news/national/2018/09/28/502603.htm
High frequency, low amplitude chart pattern today is what I expect.
The filing states that much of the losses came from division creation and aquisitions. If they keep Q4 low key they could float through the holiday season relatively cheap maybe profit (give the gift of MP). Once they get through Nov (infringement case progress), Dec (de-list extension) could push out a better looking 10q.
imo
Should have went for that last night AH like I did. Today it's probably going to creep around .017 and stay flat all day. IMO
So you are expecting a pps drop today?
So if people are paid to pump, which line of the 10q are they listed?...
Or, that the equity distributor cancelled their contract with HMNY. It's all a perspective thing. "We quit diluting" or we cant dilute because we got shut out. They are kinda the same except one is intentional and the other is not.
I can appreciate positivity. But the blatant exaggerations and untrue promotions has to subside. The sub count was last at 2.1M stated by Mitch in the Spanish interview. And that was back when suspended accounts were reactivated to the unlimited plan, which has since been suspended indefinitely so the sub count is not increasing. Personally I don't know how they can still promote "over 2million subscribers" on their website. And, yes MP has a future possible. Why else would any of us be here. No, the current management is NOT great and we are a very long way from a value of billions of dollars. So your talking about a possible future so far away, the only people that will benefit from the stocks value is my grandkids when they inherit mine. If, if, if it even stays solvent long enough. Can I get a recant from the audience "Longgggg shot"
Price already recovering. I bought AH at .0164 Bid is up to .169 and ask was at .0172 I'm not saying is going to get anywhere above average, but it IMO will get back to .0174-5 by a.m. open
Besides the minimum pps requirement, there is a minimum MC value to be satisfied as well correct? Isn't it $35M or something less?
Ok, no one knows for sure. But they are the two options on the table at this point...
His job was to provide funding, right? And his bonus was based upon him achieving financial capacities. And it would be a quick solution to the legal issues.
Like I have said before Apple reached 1T MC, HMNY will try to reach 1T O/S...
One thing I find interesting though is that the last two filings are from Stuart Benson, not Ted. I can only imagine that they figure if nobody likes Ted then seeing SEC filings signed by him probably isn't what people want to see.
I can understand dreams, right. But some dreams are just "pipe" dreams. My one simple destruct to the $1 pps/$1.5B MC dream is very simple. What gain would MP have to achieve a $1 pps. They have no shares left to distribute. They wouldn't even want a $1 pps right now because the general public would be the benefactor not HMNY. They want their share selling opportunity. Which is why the meeting was canceled and why a new set of shareholders will be selected based upon a new date of record. Hate to ruin the dreams but this is reality folks not the movies. StockIO I don't know if it's possible for us to convince people of what reality is.
It does that little "tail wag" pretty often. I wouldn't let it get your hopes up. I have seen it at the end of normal hours then slump the rest of AH then do it again right at the end of AH trade. I'm hoping everyday that it means something. But as of yet it hasn't resulted in anything. And why would it be right at the close of trade? Also if anyone knew anything about earnings numbers it would be insider trading. It's interesting, but like I have said Seen it before but never seen it go anywhere.
Cancelled so they can get a new set of shareholders with a new date of record.
Flatline, rest of the day. Tomorrow, bump-drop-roll.
All these Bell & Whistle software tools are worthless with this stock. Common sense is all anyone with a brain needs to trade this holding. It has such particular special holders that are waiting on one thing. Solid results. I don't really even look at it. I just read the MB and today I'm focused on crude prices and WTID and some JNUG.
Stop with the lvl2 talk. Tomorrow is earnings. What would trade activity have to do with it's potential. We have less than 40mins left in normal trade. Flatline the rest of the day.