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Shhhhh... I'm hunting wabbit! :)
That or a Q... I've been following this saga for months and months and I do not see a catalyst to significantly increase the PPS, nor to sustain it! Peeps think I'm bashing, but the reality is in the carnage left in HMNY's wake
I'm still digesting your post and all other variables. I just don't see this "running" with such a huge overhang of 10's of millions of shares being in the hands of Penny Flippers. The only way it would "run" to a favorable PPS for HMNY /MP is IF at least 70% of current shareholders actually held. The possibility of that happening is nill from my almost 20 years of trading.
I can't seem to find that date... Where are you getting that from? Thanks
If they release the 10Q during the week and it's bad it's gonna be sub penny!!
I've got a feeling the 10Q is going to be released this evening or over the weekend......jmo
MP should offer an $80 one time yearly sub for all new subs that sign up within the next 30 days. If that could generate even a million subs that would equal $80 Million which would/should put a stop to the dilution of shareholders, and would fund operations for several months while they try to right the ship. That along with the new model of a 60% less burn rate would be a buy in my opinion. Yes, they would have to make up for the -$40 per sub later in the year, but it would buy them a lot more time for a favorable partner or buyer. They could even do the offer twice a year. I think that would entice more people to sign up, and therefore increase the sub pool considerably. Jmo
From a customers point of view, they would basically be seeing movies for free for 4 months out of the year.
MP could also use some of the funds to negotiate concession discounts for their subs.
Customers want savings and value for their hard earned money!
This would likely appease the negative light that has been cast upon them as of late.
IF they were to do this, it would allow the stock to jump and then level out. Once it's leveled out (few months) they could announce that they will only sell X amount of shares per month to continue to fund operations until the sub pool reached a threshold of producing enough revenue to absorb the expenditures and grow their capital base for future operations. Basically taking the wheels off the tricycle.
Winny...Var.. Or Tren?
Im sure this has been posted previously, but somehow I missed it.....
https://www.businessinsider.com/moviepass-owner-emerged-from-indian-company-accused-of-massive-fraud-2018-7
I'm can't stop thinking about what the accumulative shareholder losses are for just the past year.... BOB?
It's gotta be well above half a Billion in losses.
OS 25O - 300 after this week.
The margin for flippers is quickly evaporating.....
There's a part of this equation most just aren't condsidering fully, and that's that the shorts will not cover until absolutely forced to do so. And, it's glaringly apparent that they are not currently concerned. Only reason the PPS is holding is because HMNY needs to keep generating cash to cover several months of their burn rate. They know if they dump too hard it will tank, and thus the current scenario.
Nothing like looking at real numbers as opposed to expected numbers.
Exactly. SO many people are trying to buy this on hopes of a pop and all they've done is lose their capital! 10Q is not gonna be pretty, therefore what do you think is going to happen to the PPS?
I predict after hours is gonna be a blood bath. Jmo
When the 10Q is released is when it's gonna get real around here!!! And not in a good way
The HMNY boat is sinking and the only ones that were/are around to help are Pirates that wouldn't help unless they make out like bandits. The merger/takeover boats are miles and miles away, and the authority can't do much of anything at the moment because they are in a helicopter watching from above. Meanwhile, Ted and the Pirate crew are bailing water as fast as they can, but the Pirate crew have their bounty and are tired of bailing water. And, even the merger/takeover boats are gonna want a very lucrative deal to save them from going under. Teds taking breaks trying to plug the whole with your money, and looking out with his binoculars for the savior boats even though he's gonna try to make a deal with them while he's going down with the boat because he's stubborn.
Mr. Devanur bought 330,000 @.11. That sucks!
They didn't increase the AS to 5 Billion for no reason. This is called a Hail Mary before the Q is added.
Yup... I've been watching this for months, and 98% of people have have lost their money!
They won't turn off the faucet until they have funded themselves for a few months worth of the burn rate.
They are trapping your money by keeping the trading tight while they dump. Last thing they want is competition from flippers.
Fully aware
Lol...you're correct.
I'm falling asleep, so maybe it's just me, but are there new mods to this board over the last couple days?
Validation to your claim?
I should have clarified for you...He is not the CEO of HMNY, which is currently pulling MP down the sewer.
As for dramatic... Hmmm
Nite boys and girls
Mitch isn't the CEO!
Any you actually expect him to say otherwise.. Wow
The sub isn't bad for consumers, it's just that the consumer base will/needs to grow rapidly to turn this around for HMNY/MP. Will that happen in time before they dilute the shareholder into oblivion? That's what they are banking on besides the takeover. Tic toc
I'm still laughing!!!
10 X 2.2 Million = $22 Million - $20+ Million a month = $2 million a month. Not to mention legal fees that are mounting, along with charge backs and competition closing in.
A few hundred thousand owned when the Company currently burns roughly $20 Million a MONTH!? Unbelievable.
If the truth is dramatic, then your correct
It's astonishing the amount of money HMNY is sucking out of Penny Land Players!
As I've stated many times before, the lenders that are short KNOW when they have to cover....which will be sub-penny once their done selling into YOU! HMNY will likely survive via your money and /or a buyout/merger, but sadly, those buying here will become dust!
Wow... And I was watching for an entry. Bye!
Morgan Stanley USE to own 9.4% of the OS.... NOT anymore!
It's a standard required filing formality.
Those shaking their Pom poms have full opportunity to slap the ask!
HMNY
Lol. Ok, were on the same wave length.
I guess I misinterpreted your statement below when you said prior....as in IF the AS wasn't put into effect, which it would have to be in order to have new shares available.
Quote:
If a RS occurs prior to AS increase the adjusted PPS allows lenders and market makers to once again decimate shareholders by selling newly converted shares into retail.
The reason I was asking is because your statement about newly converted shares being sold wouldn't happen after just a RS, the AS would also have to be increased as well.... Otherwise what shares are being converted.