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Latest on the case from PACER...(always good to have a Pacer account)
"08/27/2018 30 SCHEDULING NOTICE by Judge S. James Otero. The Court continues the hearing on the Show Cause Hearing from 9/4/18 to Monday, 10/22/2018 @ 08:30 AM before Judge S. James Otero. The parties shall file a joint status report by 10/9/18.THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY. (vcr) TEXT ONLY ENTRY (Entered: 08/27/2018)"
"Show cause" (https://en.wikipedia.org/wiki/Order_to_show_cause). If everything was all good between the two parties, there would already be motions to dismiss. Therefore, your argument is flawed.
"When Netflix tanked (.05 low), they had a flurry of bad press and was expected to go BK."
Provide a link...all I can find is a low of $1.07 in may 2002 only to move up .53 in a years time to 1.60 in May 2003, to where it is now 15 years later. But if you think you'll be holding this for 15 years more power to you. I can bet if this starts heading towards .01 you'll panic and sell. (https://www.macrotrends.net/stocks/charts/NFLX/netflix/stock-price-history)
"MP ceo said profitable by end of year and Ted Farnsworth just said on Fox Business that they are at break even."
LOL. If you believe him more power to you.
I'm here for the fun. LOL. Not to mention I'm holding a position. Moreover, I like to be realistic and not live in a dream world.
If some company really wants to slap MoviePass in the mouth, they could purchase Sinemia. That would really destroy HMNY. "We'll buy your competitor before we throw you a lifeline".
Justify $21.25 down to .0216 in 1 months time. No matter how you guys try to slice it, the people at the helm are suspect.
Do you honestly believe that fate would deal someone with morals this big of a blow...lawsuits, crumbling business, sinking stock price...These guys are liars and will say what they think people want to hear.
Good companies with good people at the helm bounce back from adversity; bad companies with bad people at the helm slowly fade away. Everyone must meet their moment of truth.
"Was" is past tense. We're talking about now.
MoviePass competition...
Netflix (makes its own original movies with its own platform)
Amazon (makes its own original movies with its own platform, and potentially its own theater chain)
AMC (dominates the theater chains)
Regal (2nd dominate theater chain)
Cinemark (3rd dominate theater chain)
Sinemia (3 movies a month for 9.99)
MoviePass Was...
Any Movie
Any Theater
Any Day
Now...
3 Movies a Month
Limited Selection
Limited Times
If only we could see MoviePass/HMNY numbers in real-time. We'd see the subs decreasing and the OS increasing. Unfortunately we have to wait until the next Q to see these numbers.
Who is Siri's competition vs. who is Moviepass' competition?
Who has good customer service satisfaction and who doesn't?
Apple dominates its industry, and has revenue streams. MoviePass isn't dominate and is struggling with revenue streams. HMNY will see .01 before it sees $1...unless there's a reverse split.
Siri dominates its industry, and has revenue streams. MoviePass isn't dominate and is struggling with revenue streams. HMNY will see .01 before it sees $1...unless there's a reverse split.
Wall Street is the big money. This company has no catalysts...they need to SHOW they are profitable, not talk about it. If their only hope / catalyst is a "buyout" or "merger", then they are in trouble.
Every company that sucks is always associated with buyout/merger BS. LOL
If they want to be on the big board and stay on the big board then they need to prove it with some good financial numbers. Also, why is the transfer agent gagged? HMNY belongs on the OTC until they can get their chit together.
GL
What "big news"...Everyone screams "big news", yet yesterday they announce news and look where it's at. The beginning of any news will start when their quarterlies show profits.
They can say they are profitable and/or at break even but until it's filed, it's all BS. Wall Street needs proof.
As long as the economy is in good shape casual subs will stay on board, but if the economy starts getting bad, people start cutting costs, and they'll start with the least necessary things.
Yeah, in the interview he corrected her after she said half the monthly's canceled. Then he said 8% of annuals canceled but didn't say how many monthly's canceled but told her it wasn't 50%. I think they are at around 2.5 mil subs.
That's 8% of their annual subscribers, not overall subs. Today is the last day for annual subs to switch to monthly or cancel.
I'm making money on my other stocks (S&P's), So I'm not really worried about what this does. Just here cause I'm holding a position and for entertainment purposes. This board is funny.
I'm a bagholder. A content bagholder.
If it goes back up to where I bought, fine. If not, tax write off. If it hits .01, I'll consider.
I'm thinking maybe it has, but I'm willing to wait for .01, as I truly don't need this stock. I like to ask myself, "Do I need this stock?". And the answer is "No". I'm doing pretty good.
I've said this all along. The concept itself is $1 billion. Add other stuff into the mix, and it's multi billion.
.01 is a 50% drop. And you know how hard it is to recoup a 50% lose.
This is still a gamble at .02
I'll consider adding more at .01
Let's not forget it's Friday with a long 3 day weekend. Company needs to sell shares today to cover the long weekend. Maybe why Ted is on Fox. Part of the share selling scheme.
"Tough questions" are asking about share structure and reverse splits. Would he answer those types of questions?
Next Q due in November, so everyday is crucial.
They have until December 4th (ten business days prior to December 18th) to get in compliance.
That's a 4900% gain in one whop; but 6 100% gains at a time. If only Teddy boy could make a PROMISE that no more splits will occur you'll see every negative voice jumping on board.
4000 x 100 = 400,000
L2 is in 100 blocks with big board stocks. OTC is "what you see is what you get"
They get people to buy so they can sell and/or try to convince people to hold, so they can sell. P&D 101
Nasdaq was "breathing down their neck" with a deficiency notice. RS has nothing to do with SEC, it's all about being listed with the big boys, which they surely aren't worthy of.
This board member resigning is huge...
Once this info really hits circulation, I see sub penny.
https://www.marketwatch.com/story/economist-quits-moviepass-parent-company-board-says-execs-made-moves-without-board-nod-2018-08-30
Market Watch and Bloomberg have articles about it. Wait until it hits WSJ newswire. HMNY toast.
Good to know. Maxim was always cheerleading this POS with "Buy" and "Hold" ratings. They all need to be prosecuted.
Thanks for reminding us of the long 3 day weekend. MoviePass will dilute extra hard tomorrow to pay for everyone's extra day at the movies.
You HAVE to be new to investing if you keeping spewing that $9700 etc, pps crap. Divide that by 250 for the RS adjustment. SMH
How ironic, a fluff pr to ease the 8K
Market Makers didn't see this coming, look for huge dump after they make their money...plenty of 5 and 6 digit trades coming.
Who Ted? LOL. Yeah, blame the whistleblower.
EXACTLY!
LOL. Board member quit cause company is not being transparent.
Based on the history of the past 4 Thursdays, I'll say tomorrow will be RED.
Thurs, 8/2 open .2, close .1
Thurs, 8/9 open .07, close .06
Thurs, 8/16 open .05, close .03
Thurs, 8/23 open .03, close .02
LOL
I'm not the one you have to try to convince...tell that to the million or so subscribers that's about to say goodbye to MoviePass. LOL
https://www.marketwatch.com/story/many-moviepass-subscribers-no-longer-find-it-trustworthy-or-reliable-survey-finds-2018-08-28?siteid=yhoof2&yptr=yahoo
The "disruptor" is being disrupted...
https://www.cinemablend.com/news/2456571/new-sinemia-plan-continues-to-challenge-moviepass
What would be a major slap in the face is if a major player bought out private company Sinemia.
LMFAO!
Sinemia is going to put MoviePass out of business...here's the latest.
Sinemia is now offering 3 movies per month for $9.99...upset MoviePass customers will now be jumping ship...
https://www.cnet.com/news/take-that-moviepass-sinemia-offers-3-movies-per-month-for-9-99/
Off to work.
Current price .0236, up 26.88%
I'll see what it looks like when the market closes.
But I can bet it won't be this high. Can even predict a "tree shake" coming.
Premarket traps as usual. However, those who bought prior to Friday's close can sell right now in PM and make a nice profit.
That's good, you're smart.