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I see $5 bucks pre-market.
10 cents by the end of the week
Soon under a $1.00
Customer Support is not answering since 2 weeks ago. I think they are about to close their doors.
If you stay here until the r/s you are crazy.
It closed at 0.024
Possible partnership Regal Cinemas and Movies Pass.
They can use we bull or matador. Both are free. Smh.
Attention All: If you are buying this stock thinking to get rich in the next few days just don’t buy it. This is not a Chinese company that no one knows about. This is a real company that is not profitable yet but it will once is past 5 Million Subscribers. Lot of companies burn a tone of cash before becoming profitable. My advise to you! But now and delete the app and come back in a year!
We need to break 12 cents to show up in the scanners.
If we close green we will be in good shape.
MW UPDATE: Student-run fund is seeking to take over MoviePass parent Helios and Matheson
8/3/18, 3:03 PM
By Sarah Toy
Helios and Matheson has been struggling to stay afloat, burning through cash and turning to increasingly expensive borrowing
La Jolla-based Triton Funds LLC is preparing to approach shareholders of MoviePass parent Helios and Matheson in an attempt to assume control of the troubled company, according to the venture fund's co-founders.
Helios and Matheson (HMNY) has been struggling this past year to stay afloat, burning through large amounts of cash and turning to increasingly expensive borrowing. The company's stock has plummeted in the past several months; last October, shares hit a high of $32.90, but they're trading now at 10 cents, despite the company implementing a 1-for-250 reverse stock split last Tuesday.
Triton is not a typical venture fund. It is run by University of California of San Diego finance students, with an advisory board that includes alumni and faculty. The $25-million fund has a distinct slogan: "millennial touch."
Helios and Matheson was mismanaged as a publicly traded company, fund co-founders Nathan Yee, Sam Yaffa and Yash Thukral told MarketWatch. They believe the company should be taken private and there needs to be a shake-up of management in order to capitalize on the company's most valuable assets--the movie subscription model it popularized and the data it has collected from its subscribers, which now number over three million.
Most analysts don't see much hope for the company. Some said the MoviePass model of allowing customers to see an unlimited number of movies for a low monthly fee was unsustainable from the very beginning. However, Triton thinks the movie subscription model is here to stay, and the company's declining share price is a strong buying opportunity, said Yee.
Read: The spectacular rise and fall of MoviePass (http://www.marketwatch.com/story/the-spectacular-rise-and-fall-of-moviepass-2018-07-09-101033943)
(http://www.marketwatch.com/story/the-spectacular-rise-and-fall-of-moviepass-2018-07-09-101033943)Triton first approached Helios and Matheson last week and the company seemed open to discussions at first, said Yaffa. But by Friday, he and Triton's co-founders were told Helios and Matheson was no longer interested.
Don't miss: As MoviePass struggles, this is how other movie ticket subscription services compare (http://www.marketwatch.com/story/how-amcs-new-subscription-service-stacks-up-to-moviepass-and-its-competitors-2018-06-21)
Now, the fund is planning to "take a page out of Carl Icahn's book," said Yaffa. "We are deciding on our final valuation, and then we will reach out to the shareholders of HMNY," he said, referring to Helios and Matheson by its ticker.
The Triton co-founders declined to disclose whether they had any current investments in the company. Helios and Matheson could not be reached for comment.
MoviePass announced this week it would be raising its subscription fee to $14.95 from the current $9.95 and limiting new releases in an attempt to cut costs and accelerate profitability. MoviePass would also be limiting those first-run movies shown on over 1,000 screens during their first two weeks of release, unless the movies were made available on a promotional basis.
Read more: MoviePass to raise subscription fee, limit access to some films in cost-reducing measure (http://www.marketwatch.com/story/moviepass-to-raise-subscription-fee-limit-ticket-availability-to-some-films-in-cost-reducing-measure-2018-07-31)
Triton's current investments include airport food delivery startup AtYourGate, cybersecurity company Bravatek Solutions and blockchain-based technology company DigitalTown, Inc.(DGTW) .
Read now: As frustrations over service and peak pricing mount, MoviePass users eye other options (http://www.marketwatch.com/story/as-frustrations-over-service-and-peak-pricing-mount-moviepass-users-eye-other-options-2018-07-30)
-Sarah Toy; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
08-03-18 1503ET
I’ll buy at 29 bucks in June.
Just as expected. Clay shows the stock tanks.
If you are here that is a sell signal. Smh
You again? Everybody sell now!!!
Confirmation Bias. You showed up and the stock past away. Lol
Nice videos but only a rookie will take then seriously.
I agree. Hopefully tomorrow we close green.
You are the party crasher. Lol
Every time you post your videos next day the stock crash. Smh
Ouch
It's over .75 already.
Can someone buy those 70,000 shares!?
Nice support at this levels. Let's see what happens in power hour.
You are right. My bad.
Short time.
3 million on the ask. That's only 3,000 dollars.
Only 10k shares @.88
We will go over a penny today. This chart speaks for it self.
Lol. I agree.
Today is Monday must likely will be green.
Wow finally we have a board here.
Big trap buying this.
Where this thing is heading today?
Some idiot shorting it.