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I thought I had perhaps read an article saying the shares we're worth $2540 at the time of issue. I will go back and see if I can find it.
Answers
1. Preferred share info: https://www.gurufocus.com/term/Preferred+Stock/HMNY/Preferred-Stock/Helios-and-Matheson-Analytics-Inc
2. 1.68B shares as of last filing
3. It was a 1/250 R/S, approx 600M shares authorized. Increased to 5B
The recent publicity focused on Ted and his $8M stock bonus, now valued at $50 got me thinking. For one how could I have missed that fact from previous filings. I'm a bit ashamed of myself for not being the first to announce his value loss of that bonus. But aside from that. I was considering the shear disproportion of the bonus compared to his other compensation. For one I don't feel any less anomosity for him despite the implied connection to his loss as mirrored to my investment loss and the other investors. Because he was payed $225k and did receive a $1.2M cash bonus and $750/mo car allowance along with $75k/annually for housing. But also it was his decisions that ultimately devalued those shares. Now back to my other observation the inbalance of stock value of the bonus in comparison to his other compensation. I believe it plausable that the bonus was so extreme compared to the other components of his income package by design because the decrease in value was expected. Immediatly after the bonus distribution is when the drop off in value occurred. The other inside share holder, I forget name who received stock as compensation immediately sold his for what $12M or so. There is a big picture plan to this whole situation and it's a mystery to be discovered. I guess I'm just saying that I feel he knew that the bonus wasn't really a $8M bonus when it was received.
1. Avg majority of the people receive a 2-3% pay increase annually (if they are lucky). What has Ted done to deserve 30%?
2. R/S future potential?
3. What are the future aquisition plans?
... Oh man, I could sit next to the guy on a plane ride and still not have enough time to ask the questions I have.
So a question to the future millionaires. Just for sake of argument when is the potential expected uptick in pps slated to occur? I'm just looking to see if there is a valid action that you have determined is the trigger, or if it's just your internal wish DD that is the base for your claims. Because if your timeline is something to the tune of "buy it now and some day it will be worth something" doesn't that make you even doubt yourself? I have heard the "buy it now, these prices won't be seen again" statement so many times now. What if someone listened to you and bought in at .0168? You essentially gave that person horrible advice and lost them money. Don't you feel badly for being responsible for such a thing?
And the pps is negative. Uh oh basketti O's
In the past I have PM'd you my theory on why the PPS acts the way it does. I stand by that theory.
As earlier stated. "Smart money will be millionaires". Looks like executives of this company are smart money and not buying HMNY.
2 hours away, do please go. I will contribute on fuel and lunch.
Looking at today's chart. PPS is dropping but oscillator indicates overbought. Wouldn't this indicate clear further dilution?
I literally want to start and contribute to a crowd funding account to pay for someone to fly to the meeting just to represent the group as a whole. And ask the questions we all want answered.
Last year's Annual SH meeting was in Oct. I could imagine that because of the earlier scheduled special meetings that perhaps it just got pushed off till now. But everything with HMNY seems like a carfully constructed chaos. The compensation vote is non binding so don't expect anything but approval for their proposition. I have made the decision to vote against every proposal on the proxy in protest of the whole situation. At first I was hopeful due to Ted's shareholdings worth nothing. But after looking it over he has less shares than any one member of this MB. Even if they achieve $1/share, what's $80k worth shares compared to a $100k base raise. The incentive is worthlessly in favor of Ted vs shareholders. This proposal is just another way to see how shareholders get F'ed no matter what. Screw the stock, screw the company, screw the executives. HMNY brings new meaning to the thought of scam stock. This is historically the most discusting piece if worthless investment there could be.
Thanks for the reply. If you do find it post the link. Very interesting and important to keep track of such info.
Not sure about the $100M you reference. I don't know if that's a correct figure. From where is that amount referenced?
10 days of $1 or more had to be achieved starting Dec 4th. Dec 18th is the deadline date where HMNY will be sent it's de-list letter. I think they have 7days to request the extension. Expect HMNY to release a filing on Tuesday next week. The SEC will probably take some time to decide if HMNY submits proposal to rectify the deficiency. Which will equate to a few turbulent days with regards to the position. Which explains our current share value loss.
Just because Mitch was involved with NF and the fact that NF was successful doesn't default MP to be successful. In fact Mitch has been involved with more unsuccessful projects than successful. The window of opportunity for MP has expired. I believe that he is still pursuing the MP challenge only to give himself industry leverage his existing industry base. There is a good chance that he knows that the future is at home on the couch in front of out ultra high def screens. This last summer there were one or two maybe more direct from production to NF distribution. But changes in the industry would have to shift because for awards eligibility the movie has to release to theaters. The theater experience is rather dated and more restrictive than folks admit. Think of elderly, disabled and limited individuals that are being excluded from the potential available audience. Mitch if anything is simply using the added advantage of industry influence from MP to empower his opportunity to usher NF forward. All his conference appearances list him under NF, not MP. One thing his last interview lacks is any proper recognition for HMNY all he makes clear is that they are trying to lean on HMNY less. What reason would people have to continue to invest in HMNY with Mitch making those statements. He is clearly going to separate from HMNY leaving H&M with what $100,000 annual income from consulting? We went from a 2 headed proxy between MP and H&M in the beginning to a three headed proxy. There are to many cooks in the kitchen and they are using up the opportunity window fighting rather than producing. I feel that Mitch has alterior motives and he has a singular true loyalty to NF. He is involved only to pursue reenegizing his starving debt ridden baby NF.
Think of the convenience store chain in your area or grocery store or whoever offers a loyalty program. But for instance you go to a different store, not your favorite chain that you have signed up for the loyalty program. Your not going to sign up for their loyalty program for that one time occurance of you shopping there. So I know what your thinking "that's the point, a universal loyalty program valid everywhere". Cool for the consumer but not the vendor. The vendor wants one thing regular repeate business and they are willing to discount for it because it creates regular anticipatable volume. If MP had a chance of success we would see different chains of stores linking or associating their cards, points and rewards together with each other. But they are all proprietary. Proprietary is the wedge that is going to divide all of any of the new disruptor subscription services. They are all doomed to fail. Name the number of streaming services currently available and then account for the ones slated to launch in the near future. NF is going to be left in the dust. MP is trying an even more futile process of reverse engineering a subscription service to existing movie outlets. It has had years to prove the concept and it fails more and more daily. NF is the next big fail, sure it will be around for a while, but it's never going to get back to the $365 or whatever it's record pps was.
I think NF is going to suffer the same as MP coming up soon. Everyone is getting their own proprietary streaming service up and running. Same problem MP will face. All the movie chains are developing their own subscription service. I prefer to call it customer loyalty program. Most people go to the same theater on the reg, so folks are just going to get whatever deal their theater provides and be happy enough. It's only a matter of time. MP had a chance and that chance required perfect non jerk the customer around execution from the very beginning. They chose to screw over the consumer and lost valuable time and market control. Too late so sad, Mitch is old and Ted is a shmuck. They missed the boat and C-blocked the shareholders from a tasty score.
I thought it was all super only written about NetFlix and figured I would change it's context to reflect the MoviePass connection and I screwed it up.
"NetFlix lost 800,000 subs when they raised their price"
What else did I say, I know I'm missing the second half.
Oh yeah...
"I don't have a Netflix subscription, but I have the login for someone who does"
But we all know the difference between the two. MP has to pay for the full price of piece meal third party event access. Without the quantity volume differential the price of MP would have to be significantly more to achieve that needed profit. I don't think they are going to get the volume increase needed for success. I doubt MP is getting people up and out of the house and back to movies. I could be a movie person, but I never ever ever go. Not because of the ticket or concessions price. I earn far more than enough to afford a movie. I don't go to movies because of the lifestyle I am currently living. Work, home, family. Work, home, family. Work, home, family. There just isn't time for movies. Thus why I think the prospects for new subs is so low. MoviePass people are already movie people. Non movie people are not going to suddenly become movie people. They should develope a price point that satisfies the needs of movie people and stop trying to sign up the entire world just to satisfy their wished price point. They could have an appropriately priced movie policy and work productively from there rather than working backwards and hoping to hit the correct value target.
Continues to be way over priced. Subscriber count would have to be at 2.1M to have an approximate pps of 0.124 But we all know subscriber count is way lower. So use your own estimates on subs and adjust price for yourself. If your nieve enough to buy at todays price you are buying at a 25% premium above shares true value. If not closer to 50%. If we were given the true sub count we may discover that shares actually should be selling for less than par.
Here we go again with the pps taken out 6 places past the decimal. No retails can bid at that incriment. Just a sign that HMNY is in control of their share trades. Just another sign that the pps is heavily manipulated. Just another sign to wait.
I think we should draft a proposal stating that all executive compensation should be issued solely in shares of stock only. Perhaps then we would see some positive performance on our investment.
What I find interesting is that a sample vote proxy form is provided with this filing. Makes me wonder why one wasn't provided for the last vote for the special meeting. My theories were that there was never any intention of following through with the previous special meeting R/S vote.
In official boycott of the way this company is being managed I plan on voting "against" every nomination or proposal on this proxy.
"Although the vote is advisory andnon-bindingon the Company or the Board, our Board, the Governance Committee and the Compensation Committee will review the voting results."
What this means in layman's terms is that your vote does not matter.
I get a good laugh at the AH trade of .017 Under what circumstance would someone buy at .017 when bid is at .0163? Unless it was someone looking to bring pps up for another losing chart for tomorrow. This stock is getting really horrible. I used to have such faith and was so willing to go on the record in it's defence. What a joke. I'm putting my shares up for sale at .017 they can buy me out if they want to bluff the price any higher.
Uh oh, looks like the updated plans announcement is running out of steam. Or maybe people did the math and realized 3 different plans still giving only 3 movies max isn't really 3 different plans after all. Down to .0163 anyone actually own it for less? Doubt it, at least not your avg. So what's is potentially the next news to give it any upward lift? There isn't any. Today's court scheduling conference was rescheduled for Feb of next year. I bet we get bad news before we get anything good. Nothing of the 3 SEC deficiencies has been addressed. When they cancelled the special meeting for the R/S vote I thought "huh, they just don't care either way..." And they dont. It looks very much like they are happy to go OTC, ish is ish. What kind of company drags its NASDAQ investors onto OTC? A horribly managed one. This company is equivalent to a swam monster jumping out of a lagoon pulling its innocent victim to the deep dark depths of despair.
They were happy to get anything. MovieFone is over recycled, yesterday's product, spoiled leftovers, sloppy seconds, washed up, not self sustaining. Much like anything associated with HMNY.
Not a lot of people have negatively evaluated moviefone as of yet because of it's seemingly positive traffic and footprint. But I will be the first to say it's not as great of an aquisition as everyone believes. For starters it's called "moviefone" it's prospects and model are dated and heavily recycled. My view is that its old and foregone. Which is why it was shed off by Verizon. In fact they were so eager to ditch it that they accepted shares of HMNY over money. They were happy to get anything in fact. The whole MP conglomeration is in the midst of total collapse. There is a fracture between HMNP & MP and it's getting wider. And Mitch is side stepping and putting Khalid (nieve with no experience) in the sucker Executive Scapegoat position. The distance e between investment and pay off gets further and further.
The HMNY pumpers were shocked at their loss of share value"
I was wondering if there was some special event that Moe was looking forward to. Like the infringement case scheduling conference, snicker, snicker, giggle... Which if he was paying any attention to he would have seen has been re-scheduled again untill February of next year! BwaHaHaHa! Yeah that's right the jewel carrot has been brought all the way out till Feb pumper folks. And that's just the scheduling conference. Just another date set, that's it. So there won't be any (real) news of anything for months. Like I have been saying. Don't lock your money away in a coma induced stock.
What's so special and great about this week?
I'm with you here and now. I again want to reiterate that while my stance is heavily bearish right now on management performance. I like everyone else do have high hopes for the disruption concept potential. The list of hurdles to overcome is substantial. And I am of the thought that HMNY has lost much opportunity by mis-steepping when the market was fresh and gave competitors a window for advance. They also tarnished their public image horribly. It's far harder to regain confidence once that image has been established. I feel Mitch is a little more human and has more of a soul than Ted. When I read his quotes there is always facts between the lines and the last interview doesn't leave me confident. I think h makes it clear that intent to take MP private. Like others I don't see the new plans as "new" they all revolve around 3 movie limit. And I will have to wait and see how well they achieve provide the characteristics of the defined plan. If subs continue to be jerked around and movie availability is jockyed under their feet the consumer sediment will continue to deteriorate. I used to invest in this based solely because of the patent, but as time goes on the 7 year patent window gets eaten up and comerse advances away from "plastic" card authentication. Looking at the way streaming is beginning to become more producer supported providers like NetFlix loose value. It won't be long before all producers will have their own streaming channels. Leaving Netflix with only it's self made content available. "Friends" leaving is a good example". Disney and others have begun to provide their own service and with that loss to Netflix the future potential content is a big loss leading to many many less subscribers. MP missed it's window. They had a perfect astral alignment and they missed it. 5 years from now NetFlix and MP will be long forgotten. And as for sirius long forgotten as well. 5G will do away with SIRIUS. 5G is going to drasticly change everything. That's where folks should be looking for fresh disruptive concepts for nvestment value 5 years from now. Not NetFlix and definitely not MP.
Only for the third time...
Perhaps the observed perspective should be that the 50day MA is moving down below the daily avg...
Yup, I did. Nothing real convincing. Thanks for the laughs, good times.
"Hard to beat those percentage gains". Your full of it. You don't even know what proformance it had. Neither you or blue held Fannie. Your just playing off the messages of a poster from a few days ago. Plenty of BS on this board lately and it's getting deeper by the day.
Khalid with his 5 sizes to small sport blazer he got when he was 12 years old the new Executive scapegoat. So Mitch can shuffel off and out of the way of the public MP implosion so he can find private investors. Leaving HMNY share holders with unk-J
Anybody with true trade charisma knows wealth is earned through intelligent humility. Not over-optimistic enthusiasm for a cheap junk stock and the ignorance of greed and the distraction of being "filty rich". Those thoughts are what places your money into the hands of filthy Mitch.