zero chance there are 12mm oustanding

IHUB users own more that alone

They will have to buy them back themselves or announce a major partnership

Tick tock

Only if it's over 5%. There were 670mm outstanding shares on the 14th as reported in their 10K. They didn't have to report

No where close to 5% of outstanding shares


Joke filing (And I'm long HMNY)

The pref shares aren't convertable to common stock

I'm no expert but went through and read the filings to try and make sense of why so many outstanding shares. I think it's a positive they converted the notes and there isn't much outstanding left to convert

That said...they can still ATM approx 45m USD and have 1.2 bill offering available

HMNY have no control when a note issued in June is converted

Wouldn't it be seen as a positive that the investor is converting the notes into equity?

Re : They diluted 629+ MILLION SHARES in a two week period, completely annihilating shareholders in order to steal from shareholders and get that $26 million in the bank. Do you think that's sustainable?

As of 9th Aug

ATM accounted for 230 million shares

Conversion of outstanding unrestricted Nov 17, Jan 18 notes accounted for 266 million shares (These funds were used to pay down on the unrestricted principal on the June Notes so not technically dilution)

Note unrestricted principal on the June 18 notes is now down to 2.4 million


230+266 still leaves a gap between the 9th > 14th of 130 million.

Combination of ATM + remaining note conversion.

Ted got it wrong, most likely 1mil signed up to the new terms

maybe more notes converted between the 9th-14th accounts for the missing shares

From June 30, 2018 through August 9, 2018 the Company has sold 232.4 million shares and received net proceeds of $50.2 million under the ATM Offering. On July 2, 2018, the Company’s second universal shelf registration was declared effective under which it may offer for sale up to $1.2 billion of equity or debt securities.

From the 10Q

Common Stock and Debt Securities



From June 30, 2018 through August 9, 2018 the Company has sold 232.4 million shares and received net proceeds of $50.2 million under the ATM Offering. On July 2, 2018, the Company’s second universal shelf registration was declared effective under which it may offer for sale up to $1.2 billion of equity or debt securities.

The rest of the O/S must be from the notes being repriced

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

https://www.sec.gov/Archives/edgar/data/1040792/000121390018004650/f424b50418atm_heliosandmath.htm

ATM 150m Filing

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