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They issued 230m ATM. It's in the filing
Up to 140m usd
i think it will be the 15th, last two Q filings were also on the 15th
91m had already been raised by the 10th July
3) How many notional $ do you think they have left to ATM out of the 150mm?
Yes I recall that they mentioned that. I think it would be the end of the stock if they R/S again. It would just be shorted down to pennies again.
I'm actually positive about the future
I think they are
1) working towards a larger than expected positive cash balance to be filed in the 10 Q
2) forward projections showing cash flow neutral with new model
3) a statement saying ATM has finished
4) an alternative source of funding for the next x months to grow sub base
5) Reiterate the Moviepass IPO is coming
they can't reverse split without another vote so not going to happen anytime soon
Current O/S predictions
I'm going with between 150/180 Million when the 10Q is filed.
They don't want you as a customer?
Are you heavy user (more than 4 a month)?
Annual sub?
so max 60million dollars worth from the 10th July
Not possible with the .avg price
Date Open High Low Close* Adj Close** Volume
Aug 13, 2018 0.050 0.050 0.040 0.049 0.049 77,661,460
Aug 10, 2018 0.060 0.060 0.050 0.050 0.050 170,343,400
Aug 09, 2018 0.070 0.070 0.060 0.060 0.060 136,594,900
Aug 08, 2018 0.070 0.080 0.060 0.070 0.070 197,437,600
Aug 07, 2018 0.100 0.120 0.070 0.070 0.070 313,246,200
Aug 06, 2018 0.070 0.180 0.070 0.080 0.080 473,889,400
Aug 03, 2018 0.110 0.140 0.060 0.070 0.070 155,377,100
Aug 02, 2018 0.200 0.200 0.100 0.100 0.100 98,048,900
Aug 01, 2018 0.590 0.600 0.210 0.230 0.230 52,302,600
Jul 31, 2018 0.730 2.000 0.460 0.500 0.500 44,673,100
Jul 30, 2018 1.870 1.870 0.780 0.800 0.800 11,481,700
Jul 27, 2018 6.830 7.050 1.860 2.000 2.000 8,087,800
Jul 26, 2018 10.600 11.990 6.750 6.830 6.830 2,467,600
Jul 25, 2018 14.230 14.980 10.500 10.600 10.600 2,002,200
Jul 25, 2018 1/250 Stock Split
Jul 24, 2018 25.000 27.500 20.000 22.500 22.500 260,900
Jul 23, 2018 27.500 27.500 20.000 25.000 25.000 221,800
Jul 20, 2018 30.000 30.000 25.000 25.000 25.000 167,500
Jul 19, 2018 30.000 30.000 27.500 27.500 27.500 129,800
Jul 18, 2018 30.000 35.000 27.500 27.500 27.500 324,700
Jul 17, 2018 30.000 30.000 25.000 30.000 30.000 184,300
Jul 16, 2018 40.000 40.000 27.500 27.500 27.500 329,200
Jul 13, 2018 52.500 52.500 35.000 37.500 37.500 389,300
Jul 12, 2018 42.500 50.000 42.500 45.000 45.000 113,700
Jul 11, 2018 45.000 45.000 42.500 45.000 45.000 76,400
Jul 10, 2018 50.000 50.000 47.500 47.500 47.500 74,100
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.
impossible to have over 1bil shares O/S - but you probably already know that
HMNY owns 80% of moviepass
Mitch on Bloomberg saying it last week
The extra revenue of 4-6 dollars per sub per month will negate this
Thanks for taking the time to post your analysis. In the bloomberg interview
https://www.bloomberg.com/news/videos/2018-08-08/moviepass-is-imperfect-but-delivering-an-amazing-value-ceo-says-video
Mitch mentions additional income of 4-6 dollars per subscriber from alternative revenues per month.
Assuming this is correct them it would move the model cash flow positive. What are your thoughts?
I think he will only talk about the changes to Moviepass sub model.
Old news
why would they need to file a prospectus amendment to an existing filing stating they can ATM a notional amount of dollars?
they have an existing 8k filed that they can issue up to 150m dollars ATM. They were at 90ish last week so it can't go on forever without a new filing
The specific terms of any potential future offerings, along with the intended use of proceeds of any such securities offered by HMNY, will be described in a prospectus supplement at the time of any such offering.
About 350mm since the r/s.
Probably 10-20 % new shares
500mm yes possible but unlikely. 1 billion impossible
Lol - still impossible. Check the daily volume since the last 8k. Not a billion
Impossible. There is a filing from the 31st july showing 6.7 million outstanding. Volume has been high but not that hot since then
Was that close of play Friday? I was expecting 100m
Which date was this on? Thanks
I'd retire
They can only raise 150mm dollars through ATM. It's in another of their filings
What's the anti-dilution clause?
factored this or something similar into your model Bob?
https://cnafinance.com/helios-and-matheson-analytics-hmny-stock-triton-funds-shares-more/19996
they're not- you can see the outstanding float was 6 or 7 million on the 31st July. A few million only..the rest is short selling
they were separate events
1) Reverse Split 250-1
2) Increase shares to 5.2 Billion
they can't reverse split again without share holder approval and if it was agreed the share float would be reduced not increased.
Not ATM though - shelf offering coming?
Under the shelf registration statement, HMNY will have the flexibility to publicly offer and sell from time to time common stock, preferred stock, debt securities, warrants, subscription rights, units or any combination of such securities. HMNY may periodically offer one or more of these securities in amounts, at prices and on terms announced, if and when the securities are ever offered. The specific terms of any potential future offerings, along with the intended use of proceeds of any such securities offered by HMNY, will be described in a prospectus supplement at the time of any such offering.
there hasn't been enough trading volume since the reverse split on the 25th when there was 1.3 million outstanding to get to the 222 million shown on marketwatch
float is 5billion so I wouldn't trust those numbers
also check @tritonfunds twitter feed
where do you see these numbers? Thanks