Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Crooks will be crooks.
All they are doing is changing ticker symbols but keeping the same BS operation and management.
They know the HMNY symbol is dead and need a fresh approach. Hopefully the SEC and Nasdaq sees through the BS and denies them on all fronts.
It's funny how they want to spin-off Moviepass now that they are in trouble.
HMNY will be delisted then they'll spin off MoviePass and won't give HMNY shareholders anything.
"The conditions to the completion of the creation of MoviePass Entertainment Holdings Inc. , or “MoviePass Entertainment,” and the distribution of shares of MoviePass Entertainment to our security holders may not be satisfied, and we may not have the required surplus or cash flow solvency under Delaware law to effect a distribution of shares of MoviePass Entertainment to our security holders."
PAGE S12
Even IF (not even a guarantee) they are successful with the MP spin-off, it will be the same share selling operation...as the business model is garbage and unsustainable; moreover, regardless of ticker symbol, same people at the helm...crooks.
"The conditions to the completion of the creation of MoviePass Entertainment Holdings Inc. , or “MoviePass Entertainment,” and the distribution of shares of MoviePass Entertainment to our security holders may not be satisfied, and we may not have the required surplus or cash flow solvency under Delaware law to effect a distribution of shares of MoviePass Entertainment to our security holders."
PAGE S12
Duped again. No spin-off, and if there is, shareholders won't be getting anything.
On the bright side, the Nasdaq hearing is on January 31st...hope Ted and Co. get what they deserve.
Essentially, there are unlimited shares...as long as they can reverse split, authorize more and repeat the cycle.
Last post. Have a nice day. Enjoy this debacle. LOL
Per last filing, 1.67 billion.
Since this info is just a PR, an 8K should be filed by the end of the day or at the latest the end of the week with all the numbers and details.
.0136 x .014 premarket real time
How is this company still in business? They offer a service in which they discourage you from using...or at least makes it as difficult as possible to use.
They know they're about to be delisted and have nothing else to gain. Can make lots more on the OTC...full of muddy water filled with sharks. LOL
Look at the company's history...this is a recurring theme. HMNY insiders are the real shorts...that's how they are planning to recoup their money via phony "accredited investors".
Don't worry guys, these "accredited investors" will make their money back by shorting this POS after the reverse split.
"Accredit investors" (aka HMNY insiders) gives shady Ted $5.4 million, and will make at least $20 million by shorting this POS from $8 down to $1 after the split.
If you believe, hold on...change is coming. JMO
Where is the New York Attorney General? This is the chit Ted has been doing for the past year and a half. Promise news, promise dividends, sucker people in, then do an offering.
Big news came 3 weeks late...in the form of an offering.
Not when they keep selling shares.
You got that right....the worse is yet to come.
Probably need the money to pay processors. When is Nasdaq going to shut this POS share selling operation down?
LOL. All this supposedly money they are making/having. Who said that?
I wonder where all the producers are going to be buying their supplies from?
Canopy granted hemp license in New York. Will this help SGMD or any other hemp related stocks?
Company is toast.
They will be delisted and/or implement a reverse split.
The New York Attorney General is currently investigating HMNY for defrauding investors
3 separate personal lawsuits are filed and pending by shareholders ripped off by shady Ted and Co.
Shady Ted promised a dividend of Zone Technologies a long time ago which never happened...only spewed such garbage to sell shares.
Lastly, HMNY is nothing more than a share selling operation. Any money they make from subs pays the theaters with nothing left as profits (2 movies a month instantly puts them in the red). Empire State Building rent is "sky high" (no pun intended), employees need to be paid, attorneys need to be paid to defend the company's shady practices...so with no profits from this unsustainable business...they sell shares to make up the difference...any they will continue to regardless of what exchange they are listed on...Ted will be damned to let anyone stop his good life.
GL
Good post.
IMO, Kentucky is still king...because they have KY Senator (Senate Majority Leader) and Farm Bill champion Mitch McConnell going to bat hard for his state.
Didn't take the Kentucky Agriculture Commissioner long to file with the USDA once Trump signed the Farm Bill. They are following the process to a tee...and I'm betting they are getting a lot insight from Mitch.
"The federal farm bill that passed last week requires each state to get approval from the USDA."
Trump signed on the 18th, Commissioner immediately filed with the USDA on the 19th.
https://www.tristatehomepage.com/news/local-news/kentucky-becomes-first-state-to-apply-for-usda-approval-for-hemp-program/1669853665
It's a moment that most annual subs have been waiting for...as they were deceptively locked into a long term agreement with a shady company...so in essence they are quitting when their year is up..."cancelling" is just more deceptive word play and games coming from shady Ted.
I'm thinking they are referring to a company in North or South Carolina. Although Kentucky is still the biggest as far as ACTIVE acres.
https://mjbizdaily.com/wp-content/uploads/2018/04/Hemp-Report_Top-10-US-States.pdf
Red's cousin (LOL) is associated with either a market maker hired by HMNY or he's associated with someone within the company.
Shady Ted probably still won't disclose the numbers on the upcoming 10K...He and Mitch will probably dispute that 58% canceled.
The report says the bulk of the cancellations happened in June and July, pretty much 6 months ago...so I bet they are well under 1 million subs today, with a mass exodus of cancellations coming in the next month or so when annual subs quit this garbage service.
Only thing I found was this, and no mention of a company...which states is on the east coast...Hempistry is in Kentucky which is considered the Midwest.
https://globenewswire.com/news-release/2019/01/10/1686094/0/en/HempAmericana-Signs-Letter-of-Intent-to-Purchase-Entire-Hemp-Crop-from-Key-Supplier.html
I hope a lot of companies turn to Hempistry as their supplier. Always good to be a producer/grower. Reverse merger needs to happen soon, Sugarmade could easily be a top supplier of not only hemp but the supplies needed to harvest it.
Almost hit it as a low point.
I like the no comment approach in a sense, as even the big companies take this approach, however, give us an update on something.
I don't know if it's a good thing or a bad thing, but Jimmy is both the CEO and CFO.
HMNY is a share selling operation. If the company were private, they'd be bankrupt by now. Share selling is their only sustenance.
All at the expense of unsuspecting investors. This is a share selling operation, nothing more. You take away being listed, and what do you have? Nothing.
"perilous work environment"
Perilous: Full of danger or risk. Exposed to imminent risk of disaster or ruin.
Exactly!
Company can do no wrong.
LOL. Another executive quit. This poor company (literally poor) is so dysfunctional!
https://techstockobserver.com/helios-and-matheson-analytics-inc-nasdaqhmny-troubles-thicken-as-a-moviepass-executive-quits/
https://seekingalpha.com/news/3420759-moviepass-exec-flames-company-exit-email
Rat, SGMD, .12's next week!
We'll see what happens.
I bet they can and will do a reverse split without shareholder approval...all legally.
Thanks for a good debate.
EOM
Exactly. Got kicked off the stage...so much for being an important person. A real executive with clout would have never been kicked off stage during an interview.
It appears that the company is looking to ripoff the foreign retail investor as the American retail investors are already tapped out.
That might be a trick they use to implement an RS prior to the hearing.
Hey look, we got our price back above $1. But it can backfire by dropping back down below $1 prior to the hearing...it's a catch 22.
Wait for the hearing and see what happens or take steps prior to the hearing.
There's a paper trail, and the last filing always trumps an earlier filing...hence why they have amendments. This has been resolved.
On November 13th, filing - not enough votes
On December 19th, HMNY got their letter from Nasdaq.
On December 27th special meeting was held to elect board member.
HMNY had until December 4th to implement a reverse split (10 business days prior to the 18th). Shareholders weren't on board. They also lacked a full compliment of board members.
However many are required for them to be in compliance with Nasdaq. They were also non compliant on number of board members until the 27th meeting. They are now compliant on that issue.