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Where's MightyX? LOL
4.24 cents pre-split, OUCH! Lower than my expectations. But I did warn ya'll to sell yesterday AH before the bloodbath today. Right again. ;)
Another reverse split or two and you'll have no more shares. At this rate, they should do another reverse split before 2019.
He got away with it as I explained before:
1. They manipulated the stock by buying in to be "Record Date Holders". However, after the sell off, they became bagholders themselves. So they pumped it back up. Then, once they re-bought more lower, they simply changed the SEC filings to show a NEW record date, ensuring they would 100% be the majority owner then. Then they dumped again.
2. They sold 20,500 Preferred Shares to Hudson Bay because they were out of regular shares to dilute. Also, they gave each preferred shares voting rights of over 3,000+ regular shares, effectively ensuring Hudson Bay could vote for their cause.
I warned you guys about Ted's older scam stocks like LTSN, PPBV and a host of other failed ponzi scheme businesses. Heck, Ted himself said he didn't care about profit, revenue and would sell shares if he has to. That's the only truthful thing Ted's said.
Guys, guys, stop panicking. I know it hurts now, but just imagine, 1 more reverse split before 2019 and you all will be wiped out as in ZERO SHARES LEFT, just like I warned you before. The pain will go away when you have zero shares left to worry about.
I thought those crooks were rounding up?
No, AH technically isn't considered the official close, so 4:01 is eastern time during normal trading. That's why AH and premarket is never included in the record highs/lows and intraday movements.
4 minutes to sell before the bloodbath tomorrow. I warned last time to sell AH too to deaf ears. Robin Hooders, you're SOL
I tried to warn you man.... I tried.
They used that as a pump to dump, but no one bought on the pump, so they just didn't care.
Calling all longs! Calling all longs! The HMNY short bus is here to take you to your milking session. We only want loyal bagholders... I mean shareholders.
https://photos.app.goo.gl/US8ERxxAFnKerBB8A
LoL!
We'd need to see if they round up or down. If they round down, you're screwed. Remember, DCTH bagholders lost all their shares after two reverse splits of 1 for 350 and 1 for 500.
How ya'll peeps doing? Canaccord is smart to wait for lemmings to buy before they dump. RIP. You were warned sooo many times it's not even funny.
I predict MASSIVE ATM dilution starting.... today.
Yes, just Google. People are cancelling MP.
SquarePersonality said 6 days ago:
"Nope - Surge pricing at CineArts as well -$4.50. Just cancelled as I only watch one movie a month so what wasnt a great deal for me personally just became worse"
Notice this person is one of the users MoviePass wants to keep, who only uses the card once a month. Instead, this person cancels. We won't know the full extent of the effect until they report the next 3.5 or 4 million mark, which then I can use to calculate sub growth/loss per week (which is NOT sustained at the 90K they claimed, among many other claims).
https://www.reddit.com/r/moviepass/comments/8yxr7t/just_cancelled_because_of_peak_pricing_im_not/
Oddly, that may be one of the greatest mysteries of our time, right up there with Roswell, Stonehenge, who killed JFK etc. I sometimes lay awake at night wondering why people are still trying to discredit me LOL. If they just listened, they'd be making a ton of cash.
I have a life too man. Have you not noticed I haven't been able to post for like 7-8 hours?
Are you a bagholder, or no? I can't tell sometimes LOL.
Bob, why-do you-think funds are buying hmny here?
It doesn't matter why they buy. What matters is if you read the SEC filings and do the math, HMNY is in a world of trouble. Many funds have bought above 10 cents, and they have all been slaughtered. What makes you think buying now is a great time to buy?
As to American Animals, your math proof says MP bought if for $3M. In fact, you don’t know this. MP purchased AA with The Orchard. 50/50 split means $1.5M paid by MP. Might be something else too.
It doesn't matter. If they split 50/50 the cost, the chances are really high they'll split the revenue/profit 50/50. The math is to show this is a money-sucking scheme when you herd MP subs to watch a movie and have to pay for it. The more the MP subs, the more money you lose. You understand limits in Calculus? As the limit approaches infinity for MP subs, they're guaranteeing their own downfall.
MP buying and paying to direct MP subs to see AmerAnmls is also a longer term play. MP has put money where mouth is to establish to studios, producers, distributors it has influence to direct viewership attendance.
Sure, it's a longer term play. But, if you've done any of your homework, most of the movies from Emmett/Oasis SUCKS. Most people do not have time to watch sucky movies. Ever heard of Christian Slater's "Playback"? I haven't. Want to know why? It made only $264 in its box office. There are other films where Emmett/Oasis lost millions upon double digit millions. There are other big named stars in other movies owned by Emmett/Oasis that I have never heard of. If rights to these movies were SOOOOO profitable, don't you think Disney would have scooped them up already?????????????????????????????????????????????????????
You only sell your company if you're about to retire, or you're losing money and need some other sucker to keep feeding you money before you run the company to the ground.
We also do not know the deal as arranged with Emmett/Oasis. Plus big movies, if they’re able to have a strong money-making movie, will likely be profitable as MP subs make for a very small percentage of moviegoers domestically, and certainly globally.
If you've done your homework, you will see that MP subs made up about 40% of Gotti. That's what I used in my figures. If their intent is to just make movies and shut their mouths about their movies and hope that people go and actually make GREAT and GOOD movies, sure, they'll make money. If they're going to herd MP subs to watch their own movies, they're going to be GUARANTEED to lose money the more subs that go and the suckier the movies are.
So far HMNY hasn't proven anything other than they're losing more and more money each month and with each acquisition.
Do you know the terms of how many shares they have to pay Emmett/Oasis and how much money? Neither do I.
Do you think it's cheap? I sure don't.
They have to do the full 250. They'll need it as high above $5 as possible. At 9 cents x 250 = $22.50, that'll give them plenty of room to continue massive dilution on a scale that dwarfs the past year.
Remember, shorts are not your enemy. Ted Farnsworth is. He intends on milking bagholders dry. Many generations of longs have already been wiped out. You are not special. You will be wiped out, and you will not be the last generation of misguided shareholders to be wiped out.
BAM! Below 10 cents just like I predicted (AGAIN) before July was over. Am I good, or am I good? Told you guys I'm seldom wrong.
More pain to come guys. This isn't over by a long shot.
Yes, I have already said that many times. Just review my post history :)
Summary: Ted intends on building MP subs to 5-10 million subs. He says 5 million, but I suspect that's not enough. In the mean time, he's using shareholders to accomplish his goal. The stock has diluted from 9 million shares to almost 400 million now. That means anything that's worth $5 before is now worth $5 x 9/400= 11 cents. The market is forward-looking so they'll reduce that value even more.
Many generations of shareholders have been destroyed. This group right now won't be the first and won't be the last.
I've said it before that the time to buy isn't at any specific price because no one can predict that. The time to buy is when Ted Farnsworth stops trying to milk the hell out of shareholders. That won't be until a long time from now. Current shareholders would have been wiped out and left this forum out of shame by then.
However, that was before the Emmett/Oasis acquisition. If this acquisition hadn't happen, then yes, once they have enough subs *AND* they increased the sub fee *AND* they actually make deals, then it might be worth it to hold, NOT anytime before.
HOWEVER, because of the Emmett/Oasis acquisition, which is GUARANTEED to lose money, this is no longer the case. The stock price will go down in flames because not only are they losing a lot of money, they are now losing even more money than ever. Dumbest thing Ted ever did is acquire Emmett/Oasis.
Unless you enjoy losing money, now that Ted Farnsworth, the CEO of HMNY has confirmed he intends on milking the hell out of shareholders until their eyeballs pop out of their sockets, and then new shareholders as they come in and their eyeballs too pop out and so on, there is no good time to buy and hold this stock.
Also, I have already proven mathematically that Ted's acquisition of Emmett/Oasis is a money-SUCKING business. It doesn't just lose money. It's GUARANTEED to suck money dry from shareholders. It's like you buying something for $10, selling it for $5 and then paying random people off the street another $5 to go buy that same item. You're losing 3x the money and only getting 1x the revenue back. Would you argue with your math teacher when you see a problem on the board saying 1 - 1 = 0? You wouldn't, so why would you buy a stock of a company with a GUARANTEED money-SUCKING business that's guaranteed to lose money and devalue the stock by MASSIVE (like exponential powers of magnitude levels dilution)?
In fact, I proved that over the past initial 6 months+ since October, the stock has lost on average about -37% a month. Now it's more than -50%. Anyone holding on has lost 99%+ of their money. How pathetic is that? And these people do not bother to read or comprehend SEC filings or do the math. They just buy on hype and hope when the SEC filings clearly say Ted is going to milk you dry.
They were out of money as I mathematically proved, so they had to do an IOU to Hudson Bay and more ATM selling (yet again) before July 23rd. After the 23rd, if the vote goes through, they will IMMEDIATELY sell a ton of shares, causing the stock price to tank even more.
There are only a few reasons I would buy personally:
1. To trade, whenever the stock has dropped too far, too fast, for a technical bounce. I don't bag hold.
2. If Ted Farnsworth gets fired. Even then, I wouldn't hold more than 2-3 days. The euphoria will eventually fade.
3. HMNY announces the deal with Emmett/Oasis isn't going through *AND* they increase MP sub prices from $9.95 to $14.95. Even then, I would not hold for long.
4. If Thanos suddenly appeared and turned back time to August of 2017. I'd buy and dump on the 1,000% run like I did last year.
Let's recap probable scenarios after July 23rd for the true n00bs on this board. Your scenario would be 1 or 2, depending if the 5 billion shares get authorized.
1. R/S doesn't happen, but 5 billion share auth happens. HMNY delists eventually and it's $DCTH 2.0 all over again. Shareholders get wiped out from massive ATM dilution while still on the Nasdaq market. Eventually the price drops back down to 10 cents and HMNY gets another delinquency letter. If a second R/S split happens, bagholders get wiped out with zero shares left like $DCTH bagholders. If a R/S doesn't happen again, they get delisted to the OTC. $DCTH all over again. Enjoy losing money!
2. R/S doesn't happen, and 5 billion share auth doesn't happen. MoviePass has no funding and ceases operations or HMNY sells all stake in HMNY for little to nothing just to pay noteholders off. The stock price goes to sub pennies. If HMNY is prideful and does nothing, bankruptcy proceeding starts. Beggars can't be choosers so HMNY is sold to the highest bidder, which is no one because every smart company out there doesn't want a money-losing business. No matter what, HMNY delists eventually and it's $DCTH 2.0 all over again. Shareholders get wiped out. Enjoy losing money!
3. R/S happens but 5 billion share auth doesn't happen. HMNY survives by massive ATM dilution and stays on the Nasdaq. Shareholders are wiped out. Eventually, the stock price goes back to 10 cents and another R/S is voted on. See where it's going? Enjoy losing money!
4. R/S happens and 5 billion share auth happens. HMNY survives by massive ATM dilution and stays on the Nasdaq next week. Shareholders are wiped out. Eventually, the stock price goes back to 10 cents and another R/S is voted on. See where it's going? Enjoy losing money!
As you can see, there are no versions of this where shareholders come out on top. Note holders and Hudson Bay wins no matter what happens. Remember, pumpers have been dead wrong for almost a year. Who's been right so many times it's not even a contest?
So many confident longs before you have been wiped out. You are not the first. You will not be the last. As long as Ted Farnsworth is running HMNY, you will lose money to him. He has clearly shown intent to milk shareholders dry.
Robinhooders, you have 3 minutes to sell before you regret it next week. Of course you have to pay for gold or whatever in order to trade after hours.
Those with real brokerage accounts, you have 2 hours until you regret next week.
It's been good knowing ya'll!
Remember, DCTH baggies were very confident too until they woke up to find zero shares left after multiple reverse splits.
For those longs trading this stock, good for you. Buy low, sell high and just keep repeating. Never bad hold.
For those bagholders, even the best bagholder is only up 4%. Most have lost over 90% or more LOL.
0.104 / 0.10 = 4% gain, minus commissions LOL
I fully expect a YUUUGGEE bloodbath today as smart traders exit their positions and bagholders are left to be destroyed by the R/S and dilution. It's possible if R/S is voted no, there's a dead cat bounce but like DCTH, it'll come crashing down.
Many generations of shareholders have been wiped out, some with all their life savings, unfortunately. I know you're emotionally attached at this point because you've lost so much money, but you are not the first to lose almost your entire investment in HMNY. You will not be the last. I am not your enemy. Ted Farnsworth is your enemy. I am here to save you. You know those stories where animals are stuck and humans try to save them, but the animals don't know that humans are trying to save them, and instead try to bite them or kick them? That's how it is with a lot of the trapped longs here. They assume I am the enemy when I am merely here to save you from yourselves and from Ted Farnsworth.
Comparing HMNY to TSLA, Amazon, Netflix etc. is like comparing turd nuggets to gold nuggets. It's not the same.
That was before Ted Farnsworth showed his true intentions: Rob shareholders blind with no other well thought out plans. That's what HMNY would be eventually years from now if Ted hadn't screwed the pooch. Understand?
Do you know what a reverse split is? Why do you think DCTH's max price is $696,192,000 and it's 52-week high is $42,000?????
What's $2.50 divided by just the 52-week high of $42,000?
You should close your brokerage account so you don't hurt yourself financially. Thank me later.
The $5 million IOU barely covers for 3-4 days. They'll need more funding before Jul 23rd. News is they'll most likely be releasing some "creative" way of funding HMNY, most likely at some ridiculous cost to the shareholders.
What "quiet period" are you talking about??? They are out of money as I previously calculated. They have NOT been "quiet" about it. They have confirmed it in multiple SEC filings. Did you read? The proof is written all over those SEC filings. This isn't the "quiet period". This is the death throws when they are out of money.
At this point you're willing to bet something positive? You're just speculating. Anyone can do that. I've given you proof, over and over, and over and over and over and over with mathematical confirmation of so many things isn't even funny. HMNY IS OUT OF MONEY.
If vote for R/S and/or 5 billion share authorization is NO: HMNY delists, most likely have to cease operations and Hudson Bay and the other note holders now grab HMNY and MoviePass by the balls. Shareholders lose.
If vote for R/S and/or 5 billion share authorization is YES: HMNY immediately dilutes the hell out of shareholders. Shareholders lose.
There is no version in this where "something positive" is going to happen. None. Nada. Got it?
You realize they are out of money, right?
Short answer: No
Long answer: I wouldn't buy unless for these reasons below.
1. Trading on technicals/charts. Even then I wouldn't hold for more than a few hours and would take profit as I get it. No need to get greedy. As you can see (many, many times), these pump and dumps happen way too often and you're left holding the bag, or HMNY comes out with some nasty SEC filing after hours if you hold for more than a day.
2. When MoviePass isn't burning a shit ton of cash anymore. They're burning more and more each month with no end in sight and the only way of funding it is through milking shareholders dry, generation after generation of shareholders being wiped out. However, I no longer have any hope of them becoming cash positive.
Go through my post history and I have given my honest calculations of what I believe the money they are losing each month. Unlike the pumpers on this board, I actually have real numbers to back up my claims.
If you go through my post history, you will also see my track record: i.e. extremely accurate MP sub estimates, extremely accurate HMNY outstanding shares, extremely accurate predicting HMNY would be out of cash by this past weekend, which is why they had to do a nasty IOU agreement with Hudson Bay.
Having said that, I already calculated that HMNY acquiring Emmett/Oasis is the worst idea EVER. They basically lose money making and playing these movies and then herd MP subs into watching them, further having to pay for these subs. Horrible, HORRIBLE idea. That's like me buying something for $10, reselling for $5, and then further paying someone $5 more to go and buy that item. It's a guaranteed money-losing scheme. HORRIBLE!
I originally had some hope for MP if they ever raise prices to $15+ and actually get in some good deals, but because HMNY acquired Emmett/Oasis, HMNY is now on a dead-end road I believe they will never, ever recover.
Agreed. They may need to shut down services and eventually file for BK once there are no more suckers buying.
Remember my sub 10 cents prediction in July? Almost there. But don't worry. Ted Farnsworth isn't worried about the dwindling cash and the massive shareholder dilution. You shouldn't either.
Anyone regret not selling at $1.3+. That's a 1,000% gain from here. It's rare that a stock will do a 1,000% gain in just weeks or months. Could have saved yourself some regret and gut wrenching pain if you'd just done a little more DD on the financials of HMNY and learned Ted Farnsworth's history and true intent.
You're welcome :)
Hey, just be glad you're not THIS GUY. Don't be THAT guy. This pumper finally let loose the floodgates after months of pumping. Every voice of reason that tried to help him he called "dilldoe". Now he's a bitter baggie :(
https://photos.app.goo.gl/vbXBRLpSjVfX2GQv7
https://photos.app.goo.gl/Xk3V3qaTxXNpRNsb9
Check out this other guy who still hasn't learned his lessons:
https://photos.app.goo.gl/zdzyHXG3vTkvaXYPA
Didn't I warn you they would be out of money this weekend? Their SEC filings are getting more and more desperate despite Ted the Milkman Farnsworth "not worried". He wasn't worried at $10, $5, $2, $1, 50 cents, 15 cents, because it's not his money! HEHE It's shareholders' money.
https://photos.app.goo.gl/fxJWSXkbh6eUTQBa6
Here, the numbers tell us all the truth, and to think I've been going out of my way, spending precious time out from my busy life to help you guys out and all I get are name callings. Only like 2 people or so have thanked me. LOL I'm just glad I saved a few people who were willing to be saved. That's why you don't go jumping in to save someone who's drowning when they're still strong. They'll drag you down under water with them and you'll both end up going to a better place.
Beggars can't be choosers. An IOU is an IOU. You can't make demands.