Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cats out of the bag. Dilution is over. We rolling.
As most figured, all those shares were dilution. MMs will mop up more tomorrow morning then we should fly to .25.
EmperorVoyager30, Thank you for sharing the info.
Expecting more of these non-sense PRs before the RS.
Key word: Preliminary. The only spinoff of sorts will be the 200 million shares HMNY will dump. Should have a decent run but by end of day it will drop.
BUY with caution. verify
Investors had been buying the fear and now with the so-called $65 mil thats the cheer. (Buy the fear and sell the cheer) HMNY still look promising for future shareholders, after the reverse split or trips before the R/S.
Buy the fear and sell the cheer in play now.
HMNY can add more to that $65 mil they raised. Looking very good for future shareholders.
Don't know why MP would do a reverse split at this time. They still have billions of shares to dump. They will do a R/S imo, but timing not right unless they are going to merge or spinoff MP.
HMNY is being funded by current shareholders, but future shareholders will reap most of the benefits.
Exactly. Well Said.
A million shares a minute being traded.
Once HMNY stop dumping shares the O/S will be too high for anything except a few pennies. However a few pennies could change into a lot of dollars for future shareholders.
Folks this is a lot of dilution. Worse I have seen in a long time.
If dilution stops before O/S hits 2 billion then HMNY would have a realistic chance at hitting a few more pennies.
Movie Pass is said to be melting but hopefully management will get the message before it completed gone.
Things going as expected with 5 bil A/S. Also HMNY did publicly state their plans are for massive dilution of their stock.
Funny, but you are correct. Bloodbath buffett tomorrow.
O/S are likely now well over a billion. Opinion, no research.
They need to release a PR if they are going to continue diluting at this rate.
First .05 appeared to be the fake floor, then .03. I figured the next fake floor would be .02 an now thats threaten. Looks like the next fake floor will be .015. These fake floors build confidence for buyers so dilution can continue at highest possible pps. All IMO.
Movie Pass Theater, where anything can happen: Market expansion, Bankruptcy, Share buyback, Loss of Subscribers, Addition of Subscribers, PPS could drop to trips, dilution, PPS could jump to .06 with good PR before dilution increases PPS to 1 billion and much more. Just an opinion.
W/O PR dilution will drive this to trips before they can dilute the balance of O/S. Expecting PR this week or continued dilution with a much lower pps.
Great Idea!!
18 million shares dumped in 15 minutes. Dilution galore in effect. At this rate todays volume might be over 300 mil dumped. This might drive the pps to .015.
You are correct. I agree thats a horrible move for Movie Pass. Terrible decision. It certainly weakens the brand.
HMNY plan is public. Sell enough shares to raise $1.2 billion. Current share price is .03 and they are a long ways from their $1.2 bil goal. So as the dilution continues the price will drop to sub penny.
There are a lot of possibilities for HMNY and some are very good. However they are only good for investors who buy in the trips.
Movie Pass is adding too many restrictions on its subscribers. If they don't get a plan and stick with it I believe they will go bankrupt. The stock appears to be heading to trips faster than I thought.
I certainly see it the same way as you, 000 ahead.
Appears HMNY needs to dilute at least 100 mil shares per day. Once they have the funds they need my guess is they will do another R/S. There is a strong possibility this company could be a winner for future shareholders.
I see a false floor in .05. Appears to me they want investors to feel like .05 is the bottom. Diluting at .05 gives them $5 mil per 100 million shares dumped. Great deal for future shareholders. My bet is the bottom will be in trips, good chance .0001.
Thanks for the info. Now they have to dump another 4 billion + shares, then they can do the Reverse Split.
Dump 100 mil shares (min.) per day at .05 or greater. $5 mil per day or $25 mil per week eliminates the cash burn. Future shareholders will benefit greatly by this strategy. Just an opinion, so who knows the truth?
I didn't think we would be in sub penny territory until the end of next week. They are trying to get all the cash they can now. THEY WANT THE MONEY NOW AND WILL DUMP AS MANY AS 5 BILLION SHARES TO GET It. So imo there is a chance we could hit .0009 before the end of next week.
Good guess, imo.