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i said dilution was close to 1 billion and no one believed me.
the max they can ATM is 150 million USD..they were at 95mil before the 31st. if they have sold a billion it would be at a price greater than .05 so they would be breaking the limit in their filing.
so how much did HMNY raise from dilution, only 50 million?
mitch has to be working with short sellers to make money on the side. No way they could be that stupid by diluting into the naked shorts.
You think they went under 3M subs in four days?
moviepass email from august 13th:
"Please note: if you had previously requested cancellation prior to opting-in, your opt-in to the new plan will take priority and your account will not be cancelled. "
how many people tried to cancel and then were signed back up by moviepass. They are playing with the numbers. 3.2 million is another smoke and mirrors.
but how many of these subscribers tried to cancel but were denied by moviepass or signed back up again by "agreeing to the terms". They can't keep doing that for long, eventually subscriber count is going to show a loss.
if they have 25 million in cash and 25 million with payment processors they did not need to dilute this much. They would be fine with 5-10 million for a few months and 300M-400M less shares ($15M-$20M) of stock diluted.
This stock would have skyrocketed if they came out with only 260M-360M shares outstanding vs 660M and the naked shorts would have had to cover.
Whoever is in charge of dilution are idiots and not optimizing their cash raises, unless the MM makes them dilute to cover the naked shorts.
but shorts don't need to cover if people aren't buying
who is "they" that doesn't want buyers from robinhood? how would blocking it help a short cover?
thank you
no risk to naked short selling when the money makers tell the shorters when HMNY is diluting.
do you own HMNY in your robinhood account? I'm not the only one that got this message, they literally sent it only 30 minutes ago. Check your spam folder.
If you don't believe me then just wait a week and try to buy HMNY on robinhood. I will wait here for your apology.
here are some other sources:
https://twitter.com/CarsPerforming/status/1029073003919958021
https://www.reddit.com/r/moviepass/comments/970p6w/hmny_trading_being_limited_on_robinhood/
I guess we're just all lying about the same thing.
because i'm not lying genius? lol why would I lie about something so insignificant?
We're reaching out to let you know that within the next few days you won't be able to purchase shares of HMNY on Robinhood. You can continue to hold and sell the shares you currently own, but you won't be able to buy any additional shares.
In order to protect our customers from the risks associated with some low-priced stocks, we remove the buy option for stocks like HMNY that consistently trade under $0.10.
If you have specific questions about your account, please let us know. We're happy to help!
Sincerely,
The Robinhood Team
robinhood email just went out. They are disabling the purchase of HMNY to "protect" their customers.
Goodbye retail investors from this stock.
How is it impossible? Since July 31st the total volume has been almost 2 billion shares. It's very possible half of that is dilution. It might not be 1 billion outstanding but it will be very close to it.
What is your source that says 3.5 million? They have never announced anything after 3 million and people are leaving at a very high rate.
2 million if they're lucky. They have probably close to 1 billion shares outstanding. 1 billion x $.05 = $50 million market cap. $25 per subscriber value right now.
They have less than 3 million subs, and more than a billion shares outstanding.
how do you see the ask blocks?
they have way less than 3 million subs right now
movie theaters and studios benefit from this stock going to 0. Big media
moviepass new plan makes subscribers physically press the "accept" button to the new terms of 3 movies a month before their next billing cycle or their account will be cancelled.
There are going to be a ton of cancels from "dead" subs who no longer use the service and forgot they were subscribed.
i did not say they had 2 million subs, I said they would be lucky to have 2 million subs.
All i'm saying is they have LESS than 3 million subs, that's a fact.
they don't have anywhere close to 5 million subs, 2 million if they're lucky after all the cancels.
moviepass does NOT have 3 million subs anymore. Did you not read the article where Mitch Lowe said the cancel rate DOUBLED over the past week? They should be lucky to have 2 million.
https://www.wsj.com/articles/moviepass-slashes-offering-to-three-films-a-month-1533560401
Those moves helped save cash, said Mr. Lowe, but angered and confused many customers. The company’s daily cancellation rate doubled
a bunch of kids trying to buy out HMNY is not amazing news at all.
Moviepass is severely limiting showtimes for movies. I hope they are trying to save as much money as they can so they don't have to dilute a few days which will screw over naked short sellers and force them to cover, skyrocketing the price. If they were smart this would be their plan, but they have proven to not be smart in the past.
They were out of money a few days ago, how can you say it's greed when they need money to pay expenses?
This isn't just management selling, also a ton of naked short selling. HMNY is only selling for expenses to keep the lights on, the shorts are screwing everyone.
They don't even have close to 3 million subs right now, much less, and you have to price this based on atleast a billion shares. Whether they dilute now or later a billion shares is coming. At $.07 x a billion = 70,000,000 valuation right now.
Lol how can you flip something that only goes down. That takes some special skill.
you don't get "stats" from FB, twitter, etc. but you get a good feeling for how many people are cancelling and how many are signing up, way more people cancelling than signing up
There's been nothing to suggest that there have been many subscription cancellations tbh.
why is everyone blaming this on ted when it is the naked short sellers that are destroying this stock? If it wasn't for naked short sellers Ted wouldn't need as much dilution to raise money. The more naked short sellers driving down the price the more shares that need to be diluted to keep the business running. If the price was at $10 without short selling they would only need 2 million or less shares a month diluted, not 2 million a day.
please stop saying you've "proved" stuff when you use wrong information.
august 1st volume 51,875,750
god I hope that's not all dilution and it's just naked short sellers over extending, but it's most likely dilution. If it's dilution that means all the naked short sellers just covered. I just really hate these naked short sellers abusing this stock.
read the last 10 posts
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
they are on that list for august 1st.
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
The security is included on a list published by a self-regulatory organization (SRO).
so do you think the CEO should temporarily stop diluting so the shorts will fail to deliver?
It seems moviepass has already started to tighten their belts by removing movies and show times to save money.
I googled that list and HMNY is already on it?