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I am glad you used the terms bear and bull. There are 4 base opinions available by which to be identified. Pumpers, bashers, bulls and bears. Thank you for being clear in you question. Anyone pumping or bashing should be ignored due to being purposed in tact to manipulate the value of the security. I am sure I have been identified as a basher by most. My opinion is a evolution of stance going from blind bull to informed bear. I was at one time in HMNY over my neck deep. Learned my lesson and withdrew. If one was to look back and reference my posts (Aug, Sept, Oct) this is clear. I at that time was of the belief that an extension was a guarantee and functionally a part of the HMNY plan. Up untill the de-list filing I still believed it possible. But with the particular vernacular in the de-list notice I have lost that faith. It is a particular point made by SEC for the extension to be denied based upon the continued issuance of shares. HMNY references only R/S as a published solution. This will most certainly lead to continued equity distribution which is the very action SEC is openly opposed. Unless HMNY develops an alternative strategy I strongly believe they will be denied at their appeal.
As to weather or not I would shift to a bullish stance if extension was granted. I hope my stance of extreame interest in the success of HMNY/MP is obvious. I have read every single post made to this board since Aug. Not to flagrantly oppose bulls and pumps. I have an obsession to the potential of the dream that the concept that MP is. My opinion though is purely against the decisions and attitudes of those managing HMNY and MP. Their self serving pompous personalities are the same that destroyed, abused and tarnished the incredible potential that this concept once had. The movie subscription model had a clear path that within today's environment would have flourished. Ted and Mitch took advantage of that potential and striped it out only to advantage themselves. I hope (the board) finds an alternative strategy other than R/S and decides to remove Ted from his position and utilize their current organization of notes to continue to build rather than sell their equity value and protect the value of equity already distributed.
I am bullish on MP.
I am bearish on HMNY.
And I do hope that all of us who hold shares gain value on our investment. I am gratious for your contributions of DD and opinions.
Monday half day of trading isn't going to be enough to save this from shelfing off.
Its going to be like people running for the emergency exits in a movie theater fire.
Smells like burnt popcorn
"and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."
Is there really a time when a R/S is "in the best interest of it's stockholders?"
I didn't see this till now. I was off making 138.5% elsewhere.
To funny, but anyone with an IQ higher than carpet lint knew it was going to happen.
"The Company expects that Nasdaq will hold the Hearing with the Panel within 45 days of the Company’s request for the Hearing, pursuant to the Nasdaq Listing Rules. At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."
Where in the filing do they state their strategy to "buy back" shares? I don't see that indicated. What I see is that they intend to R/S.
I don't see them receiving the extension now either. The SEC clearly states the "continued issuance of shares" as one of the main reasons as to the denial of an extension. If HMNYs proposal to rectify the deficiency $1 pps is to R/S that would surely mean continued share distribution, which is why the extension was denied. OTC will be where HMNY is destined. And in my opinion where they want to go.
Actually being that it is below 2 cents, it would be defined as "sub pennies"... Just sayin'
So did you sign up then?
It's right on the main page. Have to sign up for the 2 subscriptions option to get the 6.95 price.
I saw it on a Reddit thread. I check it daily to hear from the subs who are cheesed off.
I didn't mean to get you bovedo. No need to get stroppy.
I kinda figured as a septic it's my job to accomplish both.
I thought it more of the subscriber has KOMR
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Yes, I think the only reason they would have a fire sale on the "select" plan is so they can have emergency funding. Why else would they discount the service price within days of implimenting the revised plans?
So you must have missed the line in one of the most recent articles that read:
The employees were all worried that they wouldn't get paid that Friday"
I know you want a link as reference. I will provide it tomorrow. You should be able to DD for yourself and find it. But if you need me to do the work for you just remind tomorrow.
That's what I said right?
HMNY/MP
they're sounding desperate.
What's with the echo?
I have read that company will have 4 days to publicly announce receiving continued deficiency letter. The deadline was the 18th. When do we suspect they receive said notice from SEC? And when do we expect to see the notice of continued deficiency? I am astonished at the level of absolute mismanagment of this company. Ted and Mitch deserve a public shaming hearing.
They just explained that they would be raising the cost of their plans to make cost neutral, now a $6.95 special. Fire sale on plans in an emergency attempt to keep the lights on. Probably don't even have enough funds to get through the weekend. Another service interruption will be a death sentence. Somebody call a Priest. It's time to issue MP it last rights.
Its like watching the management team systematicly positioning explosive charges at all the support stuctures of their business. How can they return to a price point that placed such a burden on their service in the past? They tried this, it failed. Must need subscribers bad. Puts extreame doubt on their current sub count. I have serious concerns for my measly 9k remaining shares.
Great accumulation... Accumulating suckers!
Pacer update:
Wednesday December 19, 2018
JOINT REPORT Rule 26(f) Discovery Plan (Amended) ; estimated length of trial 5 days, filed by Defendant Sinemia Inc... (Dilger, Nathaniel)
I guess I'm just wondering if they have a valid business function. Seems as though lots of anticipation on the farm bill. Do they do anything besides water and their health cafe? Has the franchise been at all successful. Thanks for your time.
So, do they have a basic game plan? Im not trying to bother you with to many questions and I know I could read all about it. I'm just more of a cliff notes kind of person.
Maybe they should persue a movie deal with Chuck Norris. I'm sure he is available.
I'm new to this one. Is there a basic simple story/timeline to get me up to speed. Thx
A number of his last movies have gone straight to DVD.
The main point in that article is how Bruce Willis has kinda become a direct to DVD actor.
It was about the only missing headline to the full list of "all the things that can go wrong with a company".
I think it's maybe why Mitch sidestepped. It's a longer article, did you read it already? Maybe has something to do with why AR Dept was fired.
UBS Securities, Chinese owned...
My concern is this MP originally private company, sell equity stake to HMNY public company for support and publicity. Leans on HMNY tapping it out with a 9.95 or lower at times business model (Mitch's idea). Turns around last minute before HMNY runs out of air and passes out and rectifies the loosing business model with new plans comparable to when they were completely private and unknown. I don't think Ted and Mitch get along like folks think. Mitch is off traveling the world looking for more big money to the take MP away from struggling HMNY. Ted stuck in a hard place with worthless shares and a bad reputation only hope is to give his shares some value. He is only 56 or so if HMNY fails he's washed.
So the shares that were reserved for the notes, where we're they held? Anybody know the dynamics of business equity positions? I'm asking I n regards for a theory I have and I need to know to support my concept before I disclose it to the group. Thanks in advance for insight into the answer.
Good question, you made me stop and think...
Of course not, right. Because HMNY is going to do what benefits HMNY the most. But their decisional direction isn't going to necessarily favor the investor. As I say it seems likely they are just getting their fiscal house in order for a nice clean presentation for someone else to come along and scooper 'er up. Why else maintain the losing business model leaning on shareholders then to take action after shareholder uprising. They took the shareholder out as far as we would let them now just moving on. 5B A/S, delst emminent. WTF is left for the early investors? Burned it to the ground. Wissing on the Ash's "We don't need HMNY funding anymore" F you Mitch, give us back what you took. Theyly are not going to to build it back up. Just going to move on.
Right, but those are spioffs of successful entities that can potentially sustain themselves. What we have here is a empty front being dragged down by a money pit. Kind of different. And I guess I'm reading between the lines on what Mitch said and I think MP is aiming for private spin off. I know you think we would have to approve it and all but people will because they are retails and will be enticed by a little to nothing payoff of a doubling of their share price.
I have 9k shares. I tipped my bucket out weeks ago. Just the dust in the bottom left. No need for desperation. I just enjoy taunting ingnorance pretending to be logic while Im blowing time waiting for Powell to let the word out. HMNY is comatose for the next 2 months.
It not really a fail. 2.6B shares back in play for HMNY to use for dilution purposes is the end result. And I still believe it to be true. HMNY going to OTC, better to get something rather than nothing. With HMNY having no ATM you still think the pps is dropping with a static O/S. I guess you will have to wait for the next filing to find out.
So what your saying is you don't have an educated explaination?
Slam!!
2 points jross34
konshe 0
~B~ is buying MP, hostile takeover style.