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The investor websites are so ultra jaded. Just did a Google search and no results for the good news article. That's fine by me for now. Will give me a chance to trade out of my more passive investments and load up before the price reflects the recent news release. I will have to sneak out of work to handle my trades. What a mood roller coaster. I had just posted how unsatisfied I was with today's chart. Now I'm back to positive. I'm betting this news is only the beginning.
I was really hoping for something positive to come out. Thank you for the update.
Today's chart really pissed me off. I should have seen the drop coming. To flat all day, no range for shorts to profit MMs had to drop it's pps to make room for themselves to earn a buck. I have had buy orders set up last week into this week down to .0135 and I grew impatient and screwed myself. Didn't even get anything for the loss, just under 10%. Won't even get short circuit breaker protection. Totally worried about tomorrow. This share price won't even result in $7.00 after a 1/500 R/S. I'm so confused by the "run it into the ground" strategy that HMNY seems to be running. I still attribute Ted as being the Dr. Kavorkian of the business world.
Many people think that the unlimited subscription test reactivation is because MP is so far down on subs. But I tend to think not so much. With the known cost of unlimited subscriptions I am favoring a thought that the sub count is closer to a decent # than the public believes. I imagine that the cost of the unlimited subscriptions would only be worth while if a nominal # we're needed to satisfy a increment of subs to tip the results for incremental notability (ie. just under 3milli to just over 3milli).
Today's price chart was an expectation, but it really throws a wrench in my post R/S forcasts. The current price is just to low for any post R/S pps stability. What would we be sitting at after 1/500? $6.50? It's just to darn low. I don't see any big buyers stepping in at such a low share price. There would have to be gold star news across the board to provide even a glimmer of hope after the R/S. I agree with contributing our opinion and voting, but I do feel that another R/S is an inevitability. We would have to win 2 votes to be safe from the R/S threat and if a "no" vote wins then we are threatened by not having sufficient shares in reserves. What would the results of said situation be? Today's afternoon drop was again anticipated but I had really formed some faith in the seemingly iron .014s being the floor. I continue to be perplexed with this security (insecurity is more like it).
Does anyone find the "opt out" date for the unlimited service interestingly placed. The e-mail was released over the weekend and the deadline is the evening of this Thursday. I keep thinking that there is some kind of reasoning for it being a full business day before the weekend.
We put a bunch of pressure on Ted. But I was curious about the Board suggesting folks vote "yes". If that's their true opinion then they are just as much to blame.
So in the past I have read that HelioMatheson can short it's own stock. How does that work and how would it be different from a buyback? How would the process work?
With the range of R/S stated in def14a filing, is it possible for larger than 1/500 R/S to be announced at the special meeting? With today's pps even a 1/500 will result in less than $7.50 There has to be some positive fundamental data held back by HMNY in hopes of providing a potential pps increase before the R/S to boost the resulting pps to higher than $7.50 Or do we think that if there are supportive fundimentals they would be released after the R/S to support the price from immediate decrease.
Appreciate the response it's important regarding earlier posts questioning the premise for the action of the test of service activation for some. Can I ask if you had received the e-mail, would you have been happy for the service reactivation or would you have chosen to opt out? Thanks again.
Perhaps, you would be an important individual to understanding the potential intentions behind the test group action. Have you received an e-mail indicating that you are one of those included in the test? Have you been told that your account will be reinstated to active?
That's my point, maybe you didn't read the current email for the unlimited service reinstatement. Under the circumstances the earlier service change required no subscriber action for account suspension. There was action needed for 3 movie/mo activation. At this point those who signed up for an annual subscription are now active again because the service is once again active/unsusspended. There was no official cancellation action made by subscriber. Admittedly a fancy wording trick by MP. I should have seen it coming because they had earlier stated that they do not know if or when unlimited service would again be available. Hardly illegal for a annual subscriber to be informed their service is now available. With the terms and conditions agreed to by the subscriber I'm guessing me they are acting within those stated provisions.
Glad you posted. Your thoughts made me consider an added thought. What if subs/usage values were stable and dilution/shares selling corresponded to MP/investments data was defined/published publicly. Wouldnt that organization of facts shift sentiment towards this holding. I don't want to fund movies go'ers on my investment dime. But if information was to suddenly reflect subs pay for themselves and investors are truly supporting business expansion. How far are we from that reality.
Also we finally have seen a reality to boundries and limits to dilution.
I would like to make clear. I take no specific opinion regarding potential success or failure of the HMNY/MP. I am not a subscriber (but I would have been when I was younger). I post or respond to invoke intelligent brain storming of this security in hopes of community collaboration. I hope we all receive what we seek regarding our strategy of HMNY. I appreciate all comments and wish to promote everyone to submit their findings and thoughts. I believe we have just ridden through the greed wave part of the cycle. Looks as though we are beginning the fear wave. There are clear exit entry points and they occur with compounded metrics by the minute, hour, day, week and month. This security is certainly DOUBLE risk. The reward can not be specified. To everyone I have said it many times. I appreciate you for your contributions. I use no other MB than IHub. It's console and community provides a premium platform to stay informed and current to the minute of any pertinent information regarding trade of securities. Thank you again to all, let us prepare for the start of another exciting week.
Your making an assumption. And you know what they say about assuming. I could just counter your thought by stating an assumption that the 0-1 per month movie go'ers didn't cancel. Again we do not know the specifics of who was selected. If it was a test perhaps a random selection was made. Even if more people come forward we are more likely to hear from those who chose to opt out speak out than those who simply we're happy to have the service restored and quietly continue.
Again, the spin on the published articles is inducing an attitude regarding opinion for this change. I could see a different attitude towards this news if simply "MP resores unlimited service again!" was the only reported info. If you read the e-mail the wording is very precise and lays out the circumstances of the restoration to service which was "susspended". I remember when the service was originally changed to 3 movies a month and people a were negative about the downgrade, now we have restoration of service and people are negative again. I'm not supportive of the consumers being jerked around, but again I do believe that someone whom had signed up for unlimited movies being given the chance to again see unlimited movies would be pleased at the opportunity. I would see subscribers not given the chance to view unlimited movies again as being the ones to be upset. I think the unpredictability and non typical actions taken are questionable. But depending on the number of people selected for the test and the action taken by those subscribers, those writting opinions are doing just that. Sideline observers making criticle remarks. I see no reason for over reaction. In fact I am pleased to see this company continue to make the attempt to find a working senerio. I see this change generation far more jealous members wishing for the same opportunity than disgruntled previous subscribers.
One thought regarding the email for maditory re-enrollment in the new test unlimited service. Perhaps they will take an official sub count as of when these accounts we reactivated in order to show higher #s. Then not care about opt outs because their vote was taken from the moment of roll out of e-mail. I wonder if the service becomes immediately active upon receipt of e-mail. I also think most whom thought their service lapsed had thrown their cards away. Many probably can't take advantage of the service they have been re enrolled in right away because they no longer have their cards. Weird, mess of things.
Again the spin on these articles is only one angle to be observed (the negative one). I won't allow myself to fall under the implied trance of those whom write the articles.
I would like to observe a potential positive view to the information presented. If I were a subscriber to receive this correspondence I would be thrilled to see that I can now resume my originally accepted level of service. And if I didn't want to continue my service, go to the specified site to cancel if that's the choice decided. I would love to find out where all of the "hate" emotion is generated from regarding those who report on MP and HMNY. Opinion is to be decided by the reader and every article has a jaded stank smear all over it. I'm not the most positive on HMNY myself. But please to the authors of these articles, let me decide my own opinion rather than attempting to inject me with "hate". I hope those that have the chance to again have unlimited MP movie service take the opportunity.
Premarket volume 0 creepy...
Bob Visse has removed his latest article. The article most recently published on his website regarding MoviePass PR going dark has been taken down. Shame, positive or negative result of this company should have a narrative timeline for historical reference. And I have said it before. The emotional context of his articles is important to investors living this moment. Perhaps he did it because of his earlier promise to discontinue writing of MP. but I'm not sure if I support his decision to remove the article.
Extremely strange trades occuring from 1:30 - 3:00. Drastic price exchanges made appearing to be blow for blow attempts to influence price. Chart set to report price by the minute. Price spike immediately followed by corresponding low. Minute over minute spike trade followed by inverse low trade the next minute. The volume the remaining part of the day seemed to indicate a struggle again to maintain value of share price. I had buy orders incrementally staged from .0153 on down to .0145 non of them executed. I watched ask price sit at .0155 untill last moment of today's session when price dropped to .0154 I also found it interesting that it's drop today equalled 10.98%. My assumptions were that it perhaps be with the hopes of landing as close to a price that would initiate a short circuit breaker protection rule for tomorrow's session.
Looks like a bit of a battle going on around the 10% decrease line. I'm betting the goal is to land it right at 10% loss to initiate a short circuit breaker for tomorrow. Perhaps an insurance policy to protect potential positive PR after hours or tomorrow.
So with today's price and share # from filing. The market cap has decreased since release of same filing. What time do we think the filing became publicly available? Would it have had any chance of impact on today's price? If not any speculation on it effects for tomorrow? Obviously the maximum R/S will have to utilized in order to achieve any value to withstand negative sentiment of R/S action. Hoping to perhaps see all unpublicised and unannounced PR to assist with increase share value potential. Any intelligent forcasts for tomorrow share price based on this release of current share count?
I am unimpressed. A little bit of news gets reported (not even a PR from HMNY/MP). Out come the junkies for a quick spike. Not even breaking through the price where it took the most recent dive. Then the usual downward slope chart, with a bunch of last minute buys to bring the tail up end of day. It wasn't enough. Still a month to go for the infringement ruling/agreement news. Without any fundimental reports being released. It is still just a bucket with a hole in the bottom. I'm not bashing, I just expect some real numbers to be released. I'm tired of witnessing what they get to spend money on. Tired of reading reports with blank fields where important information should be. I am still unimpressed.
Also, to much can happen here. I get no understanding of what their plan for the future really is. I have HMNY proxying MP with an affiliate company and a sister company. All the while buying into revenue sources of someone else's work. It has become a 5 headed dragon. Why couldn't they just focus on at least succeeding with the core business plan before spending off any accumulated money. All I hear about publicly is "were broke" "we grew to fast" "we have to get a loan" "we can't afford to pay for all the movies" but Son of a Gun! Look at all the exciting things we get to spend the money on! It just doesn't feel right. I'm sorry for being negative but was today's news really news, or was it just "eh"?
Don't you just love his blogs? I think there great! I love the way he captures my exact emotions. I am so glad he is continuing to cover HMNY/MP he made it this far it would be a shame for him to not follow it through. Thank you Bob Visse, I wish you would write everyday. Genuinely.
And I agree. If you can't handle volitility don't trade HMNY. If your afraid of risk don't trade stocks. Don't take anyone advice. Do your own DD.
I guess I was more interested in analysing his most recent post not the one from Mon/Tue.
And I appreciate Visse. He does does recognise both poles of the conversation. And is bold enough to share his own position. And I am glad that he continues to provide pertinent facts and observations.
Back to the observation that I to was questioning. Why the minimization of potentially good PR?
Well someone is buying. When I sold my whole sell order 400k shares executed in a split second . Didn't even have time to cancel the sell. I tried immediately after pressing process button. When I went to buy back in it took a half hour to complete my order. And that was even a day later and only 50k shares.
I have read that many stocks do experience a bit of a bounce in the days before an R/S. I can't see any reason why. But it's just something that I have read in the past. Not trying to invoke an argument just giving what little knowledge I have picked up. Can't argue with your point about this particular stock being a tough Bia'ch. Not sure if it will experience a typical reaction or not.
I prefer it here on IHub. Simple with lots of information.
The last R/S took place in under negative cash and cost peramiters well known. Company had no cash and subs unlimited service was costing lots of $. With even a 1/500 R/S we won't be getting anywhere near share price as with previous R/S. $6.50 at best with current share price. In order for this R/S to be effective there has to be another positive news ingredient to go along with it or no stability and we will see the same result. Also doesn't the market cap have to clear 35M to stay listed? Lots of motivating factors on shoulders of executives at this point. We could have an opportunity to finally see them do a little work for themselves for a change. I for one am very interested in learning the ruling and agreement with Sinemia. I have seen posts referring to Sinemia bringing back the debit card. If anyone has a link this would be helpful. Thanks guys I know your checking in.
We're all friends here. What's the "certain" thing?
Are they required to file the pre14a or was it their own choice?
The real reason for the dilution is because of the internal proxy conflict and HMNY wrenching the last hand hold of MP for total control.
I think you meant down to 0.012
It is so obvious these guys are playing games. A statement meant to disclose shares and information, but the value within the statement is omitted. Unbelievable.
The last filings state that they are allowed to short their own stock. It has been discussed on here weeks back. Yes you are correct.
SOHM Inc.
Ticker SHMN
Currently trading @ $0.00040 on OTC.
I think you proved our point.
I'll take one ticket please. At least I get something for my money.