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Clay should arrive here soon
I think that assessment misses some key points
- Both MP and Sinemia have existed for years as niche providers before HMNY has gone aggressive in pricing.
- Consumers both accepted and now demand the subscription model as the preferred choice of moviegoing experience
Not the business model has failed, but the pricing and management execution. As the market matures, we'll see more convergence towards sustainable pricing (in fact, we already have witnessed that), more cooperation among players and market convergence through M&A.
Add to that the ease of scalability in scope (to other event-based services) and geographical reach, and one cannot miss many possible catalysts to come.
“This acquisition is the final milestone in first phase of our initial business plan set forth in early 2017,” commented Scott Mahoney, Chief Executive Officer of Taronis Technologies. “Two years ago, our Board established a series of business objectives. This plan required making a series of carefully selected acquisitions in California and Texas that would enable our Company to become a top five independent competitor in the most attractive markets in the US today for industrial gases. With this transaction, we have completed that critical goal.”
Phase 2 will start soon with more share dilution.
it is delisted. And there are thousands of companies that trade sub penny in OTC.
was just trying to help you out. As a matter of fact, IB has sent out a number of Brexit updates to inform clients that they are prepared to move assets out of the UK to a number of wholly owned subsidiaries in EU states to avoid any interruptance of trading activities.
It is quite likely that there is no bilateral tax treaty currently in place between the US and UK, so they can't let you trade US OTC stock in a UK account if Brexit happens.
no, Q4 report is usually submitted with 10K
I'd say your best bet is still IB. If they do not accept OTC to fund your initial account balance, offer them to open a new account funded from other sources and only transfer the OTC stocks to the already established account. IB definitely accepts OTC stocks per se. If that doesn't work, your issue is not OTC, but Brexit.
more likely 0.50's tomorrow
if you can open an account with IB, you should be able to fund it with OTC stocks. I know I did. Alternatively, look at Lynx Broker in the Netherlands (https://www.lynxbroker.com/). They use the IB trading infrastructure, but with lower capitalisation requirements than IB. May be an option to consider if hard Brexit comes.
interactive brokers
the company is incorporated in Delaware and needs stockholder approval.
"according to data compiled by Bloomberg."
sounds like the source is just some data algorithm based on the time since company received delisting notice.
There is nothing on NASDAQ.
Issues Pending Suspension or Delisting
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
Fiction vs Reality
Fiction (PR 01/28/2019):
company just issued 10.8M new shares on top of the 7M post-RS OS, so market cap should be around $19 million just now.
A close below $1 (prior to achieving the 10-day trading rule) would mean the company is immediately non-comliant, right?
sounds like they are either restructuring MoviePass Films LLC to meet Nasdaq compliance or preparing for a sale of the company
8-k filed
https://www.sec.gov/Archives/edgar/data/1040792/000121390019001838/f8k020119_heliosandmathe.htm
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
As previously reported, on May 23, 2018, Helios and Matheson Analytics Inc. (“Helios,” “we,” “our” and “us”) and Emmett Furla Oasis Films LLC (“EFO”) entered into a binding letter of intent pursuant to which EFO acquired a 49% membership interest in our film production subsidiary, MoviePass Films LLC (“MoviePass Films”), with Helios retaining a 51% membership interest in MoviePass Films.
On February 1, 2019, Helios and EFO entered into an Amended and Restated Limited Liability Company Agreement of MoviePass Films (the “Amended LLC Agreement”). The Amended LLC Agreement amends and restates the single member limited liability company agreement executed by Helios prior to the execution of the Amended LLC Agreement and documents in further detail the terms on which EFO has been admitted as a 49% member of MoviePass Films and the relative rights and duties of Helios and EFO as the only two current members of MoviePass Films. The Amended LLC Agreement also further documents the contribution by EFO to MoviePass Films of certain conditional rights in film acquisition agreements to which EFO is a party, as specified in the Amended LLC Agreement. The Amended LLC Agreement also further documents Helios’ prior capital contributions to MoviePass Films totaling $7.44 million in cash as of February 1, 2019.
Under the Amended LLC Agreement, MoviePass Films will be managed by a board of managers consisting of five managers (the “Board”), of which Helios has the right to appoint three and EFO has the right to appoint two. Two of the three managers appointed by Helios will be required to meet the independence requirements of the Nasdaq Stock Market LLC and will be compensated for their respective services in the amount of $2,500 per month each. The initial managers appointed by Helios are Theodore Farnsworth, the Chairman and Chief Executive Officer of Helios, and independent managers Joseph Fried and Gavriel Ralbag, who are also independent directors of Helios. The initial managers appointed by EFO are George Furla and Randal Emmett. Pursuant to the Amended LLC Agreement, the Board has formed a compensation committee comprised of two managers, one of whom shall be one of the Helios independent managers and one of whom shall be one of the two managers appointed by EFO (the “Compensation Committee”). The initial members of the Compensation Committee of the Board are Joseph Fried and George Furla.
Helios has the right to designate the Chief Financial Officer of MoviePass Films. Accordingly, the Amended LLC Agreement provides that Stuart Benson, Chief Financial Officer of Helios, shall serve as the initial Chief Financial Officer of MoviePass Films. George Furla and Randall Emmett are the Co-Chief Executive Officers of MoviePass Films, in which capacity they have been acting since May 23, 2018. MoviePass Films will use commercially reasonable efforts to negotiate and enter into definitive written employment agreements with Randal Emmett and George Furla prior to February 28, 2019. In addition, each of Randal Emmett and George Furla will be entitled to receive producer fees equal to 3.33% (subject to an increase up to 5.00% with the prior approval of the Compensation Committee and the Board) of the total budget of each film project brought to MoviePass Films by them, excluding amounts customarily excluded from a producer percentage calculation in the independent film industry.
Cash available for distribution from operations or upon sale or liquidation of MoviePass Films will be allocated as follows: first, to establish a cash reserve in an amount to be determined by the Board (or, in the case of the distribution upon sale or liquidation, to retire any outstanding debts or obligations of MoviePass Films); second, to Helios, until Helios has recouped 110% of its total capital contribution; third, to EFO, until EFO has recouped 110% of its total capital contribution; fourth, to any members other than Helios and EFO, pro rata, until such members’ respective unrecovered capital contributions have been reduced to zero; and fifth, to all members, pro rata based on their respective percentage interests in MoviePass Films.
The foregoing description of the Amended LLC Agreement is a summary only and is qualified in its entirety by reference to the full text of the Amended LLC Agreement which is filed hereto as Exhibit 10.1 to this report and incorporated herein by reference.
no, the shareholder meeting is March 15th, the decision should be in no later than 1st week of March
the decision can take up to a month and they have 4 business days for reporting, so technically it can take until March
Q4 results are usually published with the Annual Report in April, but I remember someone saying company scheduled for early release.
So, Q4 financials are scheduled for tomorrow, right? I remember someone posted a link to 6th February early release date.
20:1 ratio. closing price was 0.2077
documented on November 13th 2018
Information Statement - All Other (definitive) (def 14c)
...
2) GRANT OF DISCRETIONARY AUTHORITY TO THE BOARD OF DIRECTORS TO AMEND THE CERTIFICATE OF INCORPORATION OF THE COMPANY, AS AMENDED, TO EFFECT, AT ANY TIME ON OR PRIOR TO MAY 11, 2019, A REVERSE STOCK SPLIT AT AN EXCHANGE RATIO OF UP TO ONE HUNDRED-FOR-ONE.
https://ih.advfn.com/stock-market/NASDAQ/magnegas-applied-technlgy-sol-mm-MNGA/stock-news/78676877/information-statement-all-other-definitive-def-1
they secured votes for a RS and documented a potential RS months ago and announced it in a conference call yesterday with no further filings. I am myself surprised that this is legal on Nasdaq.
they will simply restore liquidity by issuing more shares to pay for the next welding shop acquisition.
Today's filing is as of December 31th and HMNY reported earlier to cut bonds with HB and not require any new funding. So, I see Hudson Bay gone as a positive.
yes, yes, yes, no
they are doing a 20:1 reverse split tomorrow. Next is $4.
Trump: "We stop the wall and all go to the movies. Peace." lol
My guess is share buyback
every dip is bought. Expecting some big news.
Could this be Moviepass Air llc? Or yet another new service
on the contrary, it may just be the more profitable route to success to become a technology service provider. I am particularly thinking about the announced internationalisation plan. Thousands of independent movie theatres could be connected to the moviepass platform, forming a marketing ecosystem of its own.
Sorry, don't understand your point. My argument was that a financial investor (not retail) could easily create value by acquiring a controlling interest at a steep discount
I'm just looking at market cap. Less than $10 million buys a controlling stake in everything Helios, moviepass and moviepass films. With moviepass nearing breakeven, that should be a good deal for any hedge fund. All it needs to create value is removing Ted, cancel the RS and install credible management.
MoviePass Looking to Market Ticket Subscription Technology to Theaters
https://www.mediaplaynews.com/moviepass-looking-to-market-ticket-subscription-technology-to-theaters/
the cutoff date was January 16th. You don't lose your vote by selling.
Not Triton necessarily, but at this low valuation, basically any fund could take action and seek a controlling interest, either friendly or hostile. The point is that in addition to the "many media companies" that allegedly expressed an interest in moviepass, different financial investors could now become interested.