I also expect this scam to be of double nature where most stock holders (street investors) are burned and then a news of buyout is announced. First create fear to make people sell the stock and let proxies buy. Then announce the buyout news. Remember This has been happening for the last 15 years as the price is constantly sinking. Somehow hopefully are being kept turning them into badholders. This crome is clear and needs to be audited to catch this crime.

I hope that innocent investors here can save their investment. This was a classic scam where company lured innocent investors by throwing news like 'valuation audit', 'buyout talks' and claims of 'future profit valuations'. Remember that all of it was a lie. Even if a buyout news comes then the price will be so low that the Blackberry management will still loot the investors. Be careful with holding this stock being so hopeful. Last three says were also being tested for the fast drop of the stock price. It is a crime.

I expect this stock to drop to $2 or below and all buyout talks will fail.

I don't know about that but RSI is telling a big run is building again.

Just bullshit. If he knew how to run such tests he would be billionaire. HAHA

So it is being dumped. Anything new to say?

I am just saying what I noticed. Shares are being dumped and you guys are recommending to hold on. Put your real address and phone here if you are real and with clean intentions.

Time will tell. It goes back up and beyond, I will treat you to dinner with my own money.

There is no reason to hold and no reason for you to recommend so. It is a pump and dump.

You liar. It is not a good sign. Stop hurting people for your greed.

Great you look into abyss and think. Then speak here to make people loose money.

This is a pure pump and dump. All of your type are asking here people to hold are scammers. You are part of dumpers and you want hopeful people to be bag holders. Sell it in my opinion.

I am feeling that either over this weekend and during next week buyout news would come. Just because it has been enough time and also considering HMNY this is time.

HMNY is not all about moviepass. It is other Analytics and related businesses as well. So if Moviepass will be sold NY will be in profits.

Business not making money is entirely different from a lawsuit for anti competition. This is just a distraction to make people panic and sell their shares.

That lawsuit has no merits. It just says that people wanted to sell some right to Oasis but sold to HMNY. This is nothing. They have claimed this lawsuit under unfair competition. Judge will squash it.

YES Definitely!!

Here is the content (also note that this news is from September):

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Photo by Ted Soqui

MoviePass Parent CEO Bids to Buy Shuttered Service, Take it Private

by SHARON WAXMAN and TREY WILLIAMS | September 17, 2019 @ 4:00 AM

Ted Farnsworth resigned the top post of Helios and Matheson Analytics in order to bid for MoviePass
MoviePass may not be done just yet.
The CEO of Helios and Matheson Analytics Inc, parent company of the now-suspended theatrical movie subscription service, resigned on Monday and submitted a bid to buy the company and take it private, he told TheWrap.
“I put in an official offer to buy all the assets of Helios and Matheson, which is the owner of MoviePass, MoviePass Films and Moviefone,” Ted Farnsworth told TheWrap. “We’re looking to expedite and be one of the bidders out there. I believe in the brand.”
He may need a lot more than belief. After bleeding tens of millions of dollars and tens of thousands of subscribers, MoviePass shut down on Friday, citing an inability to raise additional capital.

Also Read: MoviePass to Shutdown Indefinitely on Sept. 14
The problems had been multiplying for months and many observers predicted the demise of a service whose business model seemed untenable: charging $14.95 or less per month to see multiple movies at the theater, when a single ticket costs nearly that much.
Beyond that there were technical issues, systematic problems of fraud and stiff competition from rivals like AMC Theatres, which has boasted having surpassed 750,000 subscribers to its own rewards program allowing multiple movie screenings for a monthly fee.
“Absolutely the brand is damaged, yes,” Farnsworth said. “But do I think it’s destroyed? Absolutely not. You’ll have to repair the brand — and you have to refinance the whole thing. Grow it at a slower pace. Build it as you go alone.”
MoviePass CEO Mitch Lowe did not respond to a request for comment about the new bid.
The struggles for MoviePass began in August 2017, the same month the too-good-to-be-true subscription service slashed prices from as much as $50 per month to $10. Critics almost immediately disparaged the company’s new business model, in which MoviePass tried to ramp up the number of subscribers while still paying full ticket prices to theaters.
Almost immediately MoviePass admitted to underestimating demand and lacking the resources and infrastructure to even mail MoviePass debit cards. That began roughly two years of customer complaints and uncertainty as MoviePass would go on to change and limit service offerings, and even throttle service.
Also Read: MoviePass to Shift Business Model to Focus on its Own Films
While MoviePass enjoyed a period of rapid subscriber growth early on, hitting a high of 3 million subscribers according to one insider, the expansion proved economically unsustainable. The company burned through millions of dollars and for much of 2018 and put Helios and Matheson Analytics at risk of being delisted from the Nasdaq, as it traded below $1. At one point MoviePass even had to borrow $5 million to make missed payments to keep the service up and running.
Throughout its tumultuous 2018, MoviePass managed to stave off bankruptcy and find itself embroiled in shareholder lawsuits amid claims of fraud. And to put a cap on the oddity of the company’s struggles, in March it was forced to re-report third quarter financial results, due to initially believing it had more subscribers than it did. That resulted in a bigger reported net loss for the quarter, ballooning to $146.7 million from the previously reported $137.2 million.
But Farnsworth said that the subscription service proved its appeal despite its setbacks, and that tens of thousands of movie fans were on a waiting list to rejoin the service. “I’m willing to bid very aggressively,” he said, noting that the company could sell for over $100 million.
“A lot of the model has been fixed,” he said. “Where we went wrong? We waited too long in doing deals with theaters to move on and change our model.”

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SHARON WAXMAN and TREY WILLIAMS

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times.

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This is different news link. Both are old news. Looks like as time has come for HMNy to fly some people have started scaring other's. Tainted souled greedy monster.

It makes sense if TED goes to jail will Al liabilities on his head and HMNY recovers. In an ideal world this is still multi-dollar per share company. Once Moviepass is resolved it can easily go to $5-$7.

No no there is a villain needed for a good story...TED the villain here. Kill the villain, end of story.

How about T-Mobile buying entire Moviepass portfolio.

With only 15-16 mill sell side. It means the scared people on the street are selling but big players are holding and accumulating.

Today's selling was because of people misunderstanding the news yesterday.

Yes I have been saying it. Now I think is time for the news to come out. We may get huge spike.

No bull / no bear talking. Bid must have come and ready to go.

This case has no merits. It is just a distraction. Read it carefully. First I got bad feeling put paying attention to actually what this case is about takes the heat off of HMNY.

Someone wanted to sell the rights of their scripts to one company but decided to sell to another company. And it is a case filed under fair competition. This is hilarious. This case has no merits and movies have also already come, flopped and gone. Even if Judge reverses the contract doesn't affect Moviepass Films anymore.

Upon reading it more patiently and clearly https://variety.com/2019/biz/news/oasis-moviepass-lawsuit-emmett-furla-ted-farnsworth-1203373070/

It seems like Moviepass is not under any threat and they didn't do anything wrong. It is just an accusation that the movie rights were unfairly sold to MoviePass than to this Dubait based company. I think now that this news is just a distraction. It doesn't hurt current scenario if TED isn't tocxic in this case and if he actually has a bid and if he will definitely buy here.

If TED resigning was enough then what is this:

Ted does it again! https://www.google.com/amp/s/variety.com/2019/biz/news/oasis-moviepass-lawsuit-emmett-furla-ted-farnsworth-1203373070/amp/

He has finished Moviepass and HMNY.

I was feeling this. With Emmett/Furla/Oasis gone what is left for Moviepass Films? And then what is the value of Moviepass?

It is possible. My question on it only based on Ted fraudster's past. I hope he won't hurt people's life this time. But as they say once a tainted soul always hurts others. TED is definitely a tainted soul. Now is this time for him to start changing, I don't know that yet. He kept talking big in the past about HMNY even when he knew that he was lying to dupe investors. I am sure to save themselves from SEC for constantly lying the choice was made to let HMNY fall down to pink stock level. Even then TED kept lying to investors that they will stay on NASDAQ. Fortunately Inam lucky to regularly selling the stock with some profit right before it tanked several times but I remember a lot of instances where TED has lied to investors who trusted him but he as being a tainted soul betrayed them. This is why this time I am sure that his so called bid and appearance on FOX TV was just to get more people to trust him so that he can dump remaining shares and then take the quiet exit as SEC won't care for penny stocks.

What is so unique to MP that Netflix already doesn't have? Studios, library, platform, ecosystem.

I think that HMNY will announce that the TED's bid wasn't big enough and they are filing BK. A good big can't sit for this long without any announcement. I only see it as pump and dump. It may fall on the range .000X and then it may have a run to .0035 as there are many shareholders in this and above range so it won't cross it.

The question here is that when they have everything that Movie pass has and their subscribers base is 150 million why would they care about moviepass ecosystem with 5 million subscribers in the past and under 200K by the time they stopped? May be Apple does but would they touch it considering all legal issues going on with HMNY? I just don't see it unless some desperate player buys it. I see it a better case for Roku but they are creating their own ecosystem.

I am again and again convinced that this TED buying Moviepass is nothing more that pump and dump scheme.

If Netflix buys it and launches the combo subscription their subscribers will multiply and they can even raise their subscription price. This will be a great success.

In the past HMNY has fallen significantly only once the volume has dried. This is why now I am feeling that a big fall is coming. .0026 looks imminent and .0009 is not impossible currently.

Everytime HMNY has run in the past and on pull back starts showing pull back in a way it looks like it is going to run again, HMNY tanks by about 50%. There is a fraudster saying he has a positive bid backed by real investors. Looking at his history of frauds he is committing another fraud here. I think this stock is going down to .000X Now I am not asking anyone to sell but I don't know if it is at a buying/accumulating stage. To me it looks like ready to tank any moment. I hope I will be wrongs here and it makes us all rich.

How much under .003? .0026 or more under?

I am Wondering if it is all just a setup to sell remaining shares and then announce that the deal couldn't be agreed upon so bankruptcy. Just wondering.

I see it calling down between .0026 and .0028. That would be perfect entry point.

I am not more leaning that the fraudsters will come and say that the bid offer was rejected as it was too low and then leave the dump and share holders to nothing.

I am just saying my thoughts here. It is not to speculate anything.

This news is about an mkNh old now. I am not sure about why they haven't disclosed and accepted the bid yet? Multiple bids...But how long they need to remain quiet?