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TRITON PREPARING TO APPROACH MOVIEPASS SHAREHOLDERS
MarketWatch - this morning
La Jolla, Calif.–based Triton Funds LLC is preparing to approach shareholders of MoviePass parent Helios and Matheson Analytics Inc. in an attempt to assume control of the troubled company, according to the venture fund’s co-founders
https://www.marketwatch.com/story/student-run-fund-is-seeking-to-take-over-moviepass-parent-helios-and-matheson-2018-08-03
The O/S is much better here
Low float + increased revs =$$$$
Outstanding!
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See some benefits:
Employees can request rides with one corporate account (online & mobile app)
Ability to set classes of service, budget, time of day and geographic limit by employee
Set up compliance for reimbursement and expense tracking
All employee costs go through centralized reporting system (no individual receipts to process)
Executive assistants can get real time updates
Dramatically less time spent processing invoices
Access to our 24/7 enterprise and multi-bilingual support staff”
Corporate transportation as well with centralized reporting system- no individual receipts!!!
From website:
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Event transportation as well?
From website:
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Medical market also?
First follow
Will do.
Outstanding DD!
Not from day traders looking for a quick flip either
I think they get a peek at news slightly before released.
Why would they have their sales team at work if they had questions about production going forward?
BioAmber is open today in Montreal and Sarnia, business as usual, employees in all departments, sales and production - IMO, BioAmber doesn't sound like they are getting ready to liquidate. I called both locations.
All weekend the talk was how shorts were going to pay the price, and then —- they didn’t ——-we did
And conveniently MM’s dropped pps 85% at opening bell? All shorts are now covered?
It definitely felt like a physical kick to the gut
Never thought of it like that- received a bid that didn’t follow bid guidelines or timetable- and its the better outcome for BioAmber
The liabilities were off in the equation
I don't think they increased their position by 7%, their position is 7% as of 7/31/18.
IMO they wouldn't let it get scrapped. In June, BioAmber requested until the end of August to try to restructure and the judge denied them and gave them to the end of July. Enos and the BOD may not have a say if the bids received are acceptable. BioAmber may be sold at days end.
Great DD.
Yes, but at least we are getting a play by play by other Ihubers
Pre market sale of 7 shares at .0138?
We were short squeezed by MM's
For someone to buy?
It's hard to believe that one of the multiple bidders didn't offer at least 80 million.
Makes no sense for the PR to come out before bell and open at .0117 or whatever it opened at. Buying opportunity for someone. Someone wanted cheap shares and got them. A low ball offer would have gotten us .07 a share.
Much going on behind the scenes.
If KERP just for a couple of months was over 6 million, bids were over 50. A low ball estimate for 80 million would have been .07 a share.
What we do know:
*BioAmber was approached before filing BK by two large companies for plant - stated in PWC monitors report (surely they were willing to pay above liquidation)
*Large and strategic companies were bidding (again, surely they were willing to pay above liquidation)
*Multiple companies were bidding (and the last surely, they were willing to pay above liquidation)
Enos didn't have to let us know today that the world has come to an end. We had the court day of tomorrow and then maybe several days after that to find this out. PPS would have climbed until the news. This will be very interesting to see outcome.
I was thinking all last week, "it can't be this easy to make this kind of money" I was right. You have to have nerves of steel and an iron stomach.
If it was over, you would be gone.
Another ticker did this years ago, end of the world one day, everyone sold, next day bed of roses and went through the roof. I'll try to finder ticker name.
PR makes no sense. Enos is looking for counter offers.
Exactly! I'm sure they received offers that would have covered assets.
Definitely shook shares from the tightest of grips
We may see an update from PWC anytime now.
Execution of sale- July 31. At this point, it’s 100% excitement in anticipation.
Hmmmmmm