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Actually Armistice decreased their position.
Why?
Armistice had 166,666,667 shares, now they only have 105,122,522 shares.
Page 14
https://www.sec.gov/Archives/edgar/data/1040792/000121390019000971/pre14a0119_heliosandmath.htm
HMNY will be delisted/halted on January 31st; and begin trading on the OTC on February 1st.
Thanks for posting. Good to see more exposure via MarketWatch.
Why is Armistice dumping its shares if things are so bright?
Thanks for pointing that out.
Question now is why is Armistice selling (dumping) if this company is on to bigger and better things?
Exactly!!!
...And friends with off shore accounts. Why is Armistice located in the Cayman Islands...so that don't have to pay taxes or report anything to the IRS.
I too like your enthusiasm. If only you can do some convincing on some of the other MJ boards. BTW it's "Cramer".
Everyone has a plan until it fails. Itum is now the scapegoat. So when this plan fails AGAIN, they'll fire him to make it look good. Then they'll repeat the cycle. Wash, rinse, repeat.
Corporate criminals. The lifestyle they are used to is why they continue to defraud...they can't and won't imagine life without such lifestyles.
We've been here since the beginning. We know all the lingo and tricks; hopefully so does the Nasdaq staff.
Good question!
Cause the sc 13g has them at 105,122,522 million shares with 4.99% ownership, but the pre 14a has them with 166,666,667 million shares with an 8% ownership.
So either they need to amend the sc 13g to show a difference of 61,544,145 shares or Armistice dumped 61,544,145 shares for a profit of at least $500,000.
We'll find out for sure how many shares Armistice has when they file the Def 14a...which they probably won't file until after the Nasdaq hearing.
Something doesn't add up. Def 14a will clear the air. And I hope the NY AG is paying close attention to every filing.
Nah, that's bad news...why are they dumping?
And if they are not dumping, they are adding to their shares to vote "FOR" RS.
Based on after hours 13G filing (and compared to the Pre 14), either Armistice dumped 61,500,000 shares or increased their voting power by 105,000,000 shares. If it's the latter, RS going through. If it's the former, why are they selling?
2,000,000,000 OS
Nasdaq delisting hearing schedule for January 31st
Reverse split is officially on the table (see filing Pre 14a)
Flip don't hold
I see someone dump 4.5 million shares around 3pm causing the stock to drop to .008.
If all it takes is a 4.5 million share dump to drop the price 13% in a matter of seconds next week looks bad.
Still sub penny. Only Nasdaq/NYSE listed stock to be sub penny. Hopefully it stays sub penny until the hearing, which is just 6 days away. That would be interesting...trying to convince the Nasdaq staff that you're going to reach $1 when your stock is less than 1 cent.
RS coming regardless of "Against" votes.
That's because no one knows what "Sugarmade" is.
They need a name change. "Sugarmade" has nothing to do with anything but "sugar". LOL
But they seriously need to change the company name to reflect the business/industry they are in.
Sorry, but Moviepass stole the idea from Sinemia.
https://www.marketwatch.com/story/sinemia-to-launch-service-to-help-theaters-set-up-their-own-movie-subscription-programs-2018-10-11
It's a detriment to the investing community.
Then the Market Makers will realize they have no more takers and will commence to sell at any asking price...causing a sell off...aka... a dump.
I guess Nasdaq figures they'll tolerate this POS company until the January 31st hearing.
If it hits .005 I bet Nasdaq halts it. This company is a disgrace. Trading sub penny on the "Big Board".
Out of over 7500 companies listed on the NYSE and Nasdaq, HMNY is the only one trading under 1 cent.
If Nasdaq could symbolize a ticker like the OTC does, HMNY would have "cross bones".
Not to mention that blog was posted 2 to 3 weeks ago. So several "Tuesdays" have went by already.
Exactly.
"Poor dreamers" are being suckered in right now as I type by buying premarket. Feel sorry for (not) the dreamers who buy in at the high of the day today; or should I say high of the morning. Will go up maybe 7% to 10% this morning to get new buyers, then go RED by close.
Nasdaq should shut them down until the hearing.
And that's too much. No one is going to the movies that many times to warrant an unlimited plan. 12 movies a month plus perks for $20 compared to $40-$50 a month without knowing for sure if your selection will be available.
They'd probably get less than 500 subs at that price. But in all honesty, their reputation is shot.
Same management = same story.
AMC has officially disrupted Moviepass. Moviepass thought they were going to disrupt the film industry and all they did was get disrupted.
The situation is on life support. They are about to be delisted/halted on January 31st.
Notice the desperation by the company.
Moviepass new unlimted offer is about to help AMC gain more subscribers.
AMC $20 per month plus perks.
AMC is dominating Sinemia. AMC is taking over.
People will compare Moviepass new offer with the others and make his/her choice. Moviepass offer will make the other offers attractive. Moviepass is about to hurt themselves ever more.
Can't beat $20 plus perks.
The unlimited plan will suck...it will have the same restrictions and problems as the 3 per month plan. They will still make it harder for people to see a movie, probably restrict new movies until a Sunday or Monday.
Also, AMC has 12 movies a month for $20 plus perks, there is no way Moviepass beats that price. No one is watching more than 12 movies a month anyway.
This is nothing more than a publicity stunt cause they know they are in deep chit.
Next week, January 31st, Nasdaq will finally have their final say...delist/halt HMNY from trading on the Nasdaq.
All this hype about the unlimited plan coming back...what's the saying..."Fool me once shame on you, fool me twice shame on me". That model was unsustainable. Now they want to sucker more people into singing up, then pull the rug from under them later on. I can't believe they would try that again knowing eventually they will go right back to changing the plan. This is nothing more than a scheme to sell shares and I wish the New York Attorney General will step in soon because Ted and Co. are out of control.
This company honestly needs to give it up, as they have mentally hurt investors, and subscribers. They are taking "wash, rinse, repeat" to a new level...they are now trying to "wash, rinse, repeat" their failed business model.
Face the facts, the "disruptor" has been disrupted. Game over.
Desperate times call for desperate measures.
Company is D-O-N-E
"Any Movie. Any Theater. Any Day" is what got them where they are now. The business model was unsustainable then and still unsustainable now.
No one is believing that rumor. Just noise to stop the bleeding. EOM
Rumors just set the company up for further destruction when the truth is revealed. Company will confirm that they are not revisiting the old plan and the price will drop even further.
Today will close at .008 then tomorrow the close will be .006.
Got my buy order in at .0001 for 1 share.
Website name speaks for itself. They must be losing huge on this decline...now trying to recoup on rumors. LMAO!
POS company is going to file for bankruptcy protection. Bruce Willis needs to find a way to get out of his contract.
Even if they reverse split, at these prices, they won't see $1 post split.
Wow, volume today will hit 1 billion.
Real-time premarket
.0097 x .0098
What's up with Hempistry? Update us on that and the price will really blossom.
So I guess Ted's greed had nothing to do with it?
Greedy Ted was so hell bent on buying all of Moviepass, he didn't care how he got the money, just as long as he can try to own as much of Moviepass as possible.
Every time HMNY's stock went up, Ted would immediately do an offering...thus buying more MoviePass stake. Ted got greedy and he's now paying for it. If I were that 8% owner, I'd sell the rest of my stake to Ted, as the business model and company name are now ruined. I bet Ted would be stupid enough to purchase the last 8% stake of Moviepass...at any asking price.
This POS is going to .009 today...at least.
Nasdaq can't wait to kick them off their exchange.
1:500 at .005 is $2.5 then right back down to sub penny. This company won't ever see a $35 million marketcap...4,996,000,000 shares still to dilute after the RS. Ted's personal accountant is making sure Ted stays set for life at the expense of HMNY investors. Ted knows the end is near and he's stacking as much cash as he can for himself.