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.
There's only two scenarios I can think of:
1. There's been ATM dilution since the reverse split, but only on the first day of the split and none since. I did a long write-up on it explaining why, with facts to back this thought, but thanks to PennyWorld, I will not post it here. I believe this is what's happening.
2. If there's been dilution on the second day and the third day, they must have some MASSIVE expense they haven't told shareholders about. The only massive expense I can think of is the cash Ted said he was using to acquire Emmett/Oasis. It can't be cheap. But, he's never disclosed it so we don't know.
Thanks. I don't need you to follow me. :)
The reason I post here is because other places like StockTwits sucks like Twitter and the feed just disappears. Plus you can't write a lot. Yahoo Finance is also hard to go through your post history. Don't be too flattered. These posts are not for you. I sometimes refer back to my links or give these links out or take screenshots of what I've written. It's not all just for you :)
They didn't expect the stock price to drop this much. Ted in a way wants this to continue, long enough for him to be able to twist AMC's arm with the sub count. But now they're in danger of not meeting Nasdaq listing requirements, the one thing they feared. In fact, I remember reading their SEC filings when the R/S was first mentioned that even if there is a R/S, there's no guarantee the stock price will stay/go up, and that there are other requirements such as whole lot shareholder requirements that they may not meet. In other words, they knew this was a possibility, but didn't thin it would be a high probability.
This is legal because they've laid it all out in their SEC reports. People just don't read. What is potentially illegally and can land Ted in jail is all his lying outside of SEC filings though. He lied so many times I lost count. However, his lies, he never placed them in SEC reports. He gets away if no one reports him. If people report and now with the lawsuits attempting to start up, he may start to question how long he has before a jail cell.
It's over folks. Ted's shady past, lies, greed & anger towards AMC has finally caught up. As I said before, take out your life savings, go stand by the street corner and give $100 to each passing person. Borrow from your friends, family and coworkers to continue this business model. How long before you live in a homeless shelter and how long until your friends and family all hate you? Click the link to see the full image and for links to Nasdaq requirements.
HMNY was trying to prevent a lower stock price so they stopped ATM shortly after the R/S due to the massive stock price drop. Per SEC filings, the dilution plan for ATM says they can ask Canaccord not to sell under a certain price. However, this caused them to be out of money so now they have to get on their hands and knees and beg Hudson Bay.
They’ll have no choice but to ATM dilute like hell, causing the stock price to tank again. Too much and they won’t have shareholders and won’t meet the requirements for the shareholder test. They don’t dilute enough, they won’t have enough shares to reverse split again and still have 1.25 million publicly traded shares, thus they still get delisted. That’s where the 5 billion shares “insurance policy” comes in in the OTC so they can dilute shareholders to nothing there.
Nasdaq Listing Requirements: https://listingcenter.nasdaq.com/assets/initialguide.pdf
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
https://photos.app.goo.gl/VjbUaLtsgUuWQHU66
People like you are the reason why Ted Farnsworth not only gets away with this kind of stuff, people like Ted Farnsworth THRIVES.
Just remember, Ted Farnsworth's prior companies he's worked for or started have all been wiped out or trading sub pennies. If HMNY, the company, knows what's good for them, they'd get rid of Ted before Monday.
The MP app didn't show you a surge pricing icon when you checked in? Just wondering how they're doing it, now that they have no money.
That answer is what I'm working on. I think it goes something like this:
1. If they had bankers calling their phones off the hook like Ted lied before about, then we wouldn't be here. If they truly had investors willing to foot the bill, then they can do a private offering to any accredited note holder who'd want to play with HMNY. No SEC filing required beforehand. But, because of Ted's shady past and scheming ways and HMNY's stock price tanking like a rock the past 9 months, no big investor is willing to waste their money with HMNY. I suspect also with Hudson Bay's involvement to make matters worse, this is now a huge red flag to all big investors and bankers to stay the hell out. So private placements are out of the question.
2. If they do a public offering such as an ATM, this is where they have to file with the SEC, and I'm not sure how long this takes.
I think what happened was they simply underestimated how much money they actually needed to keep the lights going until after the July 23rd meeting, AND Ted's acquisition of Emmett/Oasis (which in my mind is the WORST, WORST thing he's done to HMNY/MP/shareholders because as I've proven this movie studio business AND herding MP subs to seeing your movies is a money-losing scheme on top of the already money-losing business model) is sucking up more money than he realized, leading to getting down on their hands and knees to beg Hudson Bay for money at unfavorable terms. I proved mathematically that EVEN if a movie did GREAT and did $1 BILLION box office, if HMNY herds MP subs to go watch and if more than 35% of moviegoers are MP holders, HMNY starts losing money paying people to go watch. The higher the box office, the more loss for HMNY. Yahoo Finance reported that Deadline reported that 40% of Gotti moviegoers were MP subs.
I've pointed it out before that the majority of Emmett/Oasis' movies suck and lose money on the scale of single to double digit millions multiple times PER year, and once in 1-3 years, they might get one that makes a few double digit millions. They would NOT have sold themselves out to HMNY unless the owner was going to retire, or they needed funding (from HMNY shareholders). You do not get a free lunch. Period. Someone's paying for it. Ted's never disclosed how much cash or stock he was wasting shareholders' money on the acquisition. I don't even know how that's legal.
To put it into perspective, if I bought something for $10, sold it for $5 and paid random people off the street another $5 to go buy my item, I'll go broke soon. It's like throwing a penny into a water fountain. You throw 1 penny, it's not going to make you broke. You throw 100 pennies, probably you'll still be OK for the average person. You throw in an unlimited number of pennies, you'll be living at the homeless shelter in a short time. The more MP subs there are, the more herding they do, and the higher the box office, the faster shareholders get wiped out.
MazelTov put on ignore for spamming old news. Wasted a post for this LOL
I already knew that. I'm saying they literally ran their ATM dilution to the $150 million limit, thus they cannot sell anymore, thus leading to actually running out of money in the bank. If their ATM dilution limit was $300 million, then they would just continue selling shares and not have to borrow from Hudson Bay.
Sure, it's possible Hudson Bay is in bed with HMNY. However, I think it's more probable that HMNY really is just a victim of Ted's lying, greed, over confidence and rage at trying to get back at AMC. His greed was to steal MoviePass all to himself. His rage is against AMC for not wanting to team up with MoviePass. He's been fighting a war, trying to grow MP subs fast, at the expense of wiping out shareholders, and he knows this. THIS is his plan, to rob from shareholders to grow MoviePass subs in order to fight AMC.
Remember that Ted Farnsworth took over as CEO of HMNY about 2 years ago, so HMNY isn't his baby. HMNY only hired him. He didn't know much about HMNY, as evident from the answer he gave:
"Asked what Helios & Matheson does, Farnsworth stammered. “They do.... ummm... oh gosh, I don’t even know how to explain it to you,” he said. “Big data. Crunching data.” A TD Ameritrade spokeswoman said the firm never says who its vendors are, and a BMW spokesman didn’t reply to a request for comment." This is taken from the bloomberg link below:
https://www.bloomberg.com/news/articles/2017-10-30/man-behind-1-151-stock-rally-has-overseen-99-wipeouts-in-past
So I suspect with Ted's shady past, and HMNY's shady management before, they hired him. I suspect he got over confident that maybe HMNY really could use all the data from MoviePass subs to make money. So far, that's not happened. Since Ted's the master of pyramid schemes and "market disruption", he decided to use this with MoviePass. It's the only thing he knows. His history shows he'll wipe out shareholders 99%+ of their money, half a dozen times or so now.
Ted Farnsworth's "Market Disruption" pitch from 2012
. He's been disrupting the world with his scams for years.
I suspect HMNY ran out of ATM funds to sell. That's the only explanation why they would be out of money. Remember, the ATM selling is limited by:
1. The $150 million ATM maximum amount in the offer
-and-
2. The available shares to issue (i.e. authorized but unissued shares). For some time, this wasn't available due to the reserved shares. The last lot they (should have) sold was roughly about 107.25 million shares (376-268.75) before the reverse split. After the reverse split, this wouldn't have been a problem, which implies the issue is #1 above.
8-K dated 7-11-18 states "Solely with respect to the period commencing on the date hereof and ending on the Stock Split Stockholder Approval Deadline, the Holder hereby waives any obligation of the Company to reserve more than an aggregate of 124,000,000 shares of Common Stock for conversion of the November Notes and the January Notes." This means as of 7-11-18, HMNY could sell 376 million shares via ATM, up to the $150 million limit.
We won't know for sure until we see a SEC filing confirming outstanding shares. However, the fact is one of their later SEC filings stated "As a result of the Reverse Stock Split, there will be approximately 1.685 million shares of Common Stock outstanding.", which means they had 1.685 mil x 250 = 421.25 million outstanding shares BEFORE the reverse split, confirming that as I pointed out before, they had sold MORE than my calculated extra 107 million shares on TOP of the 268,749,677 (as of July 10, 2018) million outstanding shares before the reverse split. It's all about timing.
They're burning roughly $1.7 million per calendar day, so ATM would have easily covered them. The only way they ran out of money is because the ATM limit of $150 million was reached due to them doing ATM dilution since early May and burning $40-$50 a month around that time frame. May, June, July... ATM is done, hence broke.
I'll do the math later to confirm, but I suspect it has something to do with the way the SEC has different requirements for private vs public offerings, thus forcing them to get on their hands and knees and beg Hudson Bay for money. People say Hudson Bay is evil/bad etc., but Hudson Bay is the only investment fund willing to work with companies with horrible credit, who burn all their bridges, so as a risk vs reward, they have to charge a hefty price for anyone that begs them for a lifeline. There's a reason companies seek out Hudson Bay... they have no other options.
It was an experiment, with clowns at the helm. Nothing more.
For reals my man? You're still pumping this? Aren't you a paid pumper?
If anyone is still pumping this, please take a ride on the HMNY "short bus special"
https://photos.app.goo.gl/P8aXXpRo8REoXdhP7
Enjoy the ride!
If you bought MP from Costco, get your Costco refunds before it's too late. MP app is still down. These scammers are still out of money. I did mines online by just logging in a few months ago and got a full refund within just a few days.
https://photos.app.goo.gl/KBqVsMHbXKhJbkTY8
I did some thinking and it makes sense now. You guys know how their SEC filings admitted they were losing like $40+ million per month in June and such? I estimate they'll have close to -$175 million operating loss in Q2 (March + April + May). That's just the top part of the income statement. That doesn't even include the bottom part. Then, we have June & July. Assuming it's similar where it's $50+ million loss per month as I've been saying, and the fact the ATM dilution is maxed out at $150 million, since they've been doing ATM dilution from the beginning of May, the only reason why they would be out of money now could be the following:
1. They've completely depleted the $150 million ATM max amount they have, thus can't sell anymore and have/had to resort to nasty IOUs with Hudson Bay. In other words, they're losing a lot more money than they're willing to admit. Yet, Ted isn't worried and still paid for a propaganda YouTube video talking about how shareholders understand. WHAT SHAREHOLDERS? The ones he completely wiped out????????? Amazing how he sat straight faced when he said it too.
-or-
2. I can't think of anything else.
They have a $1.2 billion shelf offering (which Ted Farnsworth fraudulently calls a "Line of Credit" which implies a loan as opposed to diluting the #$%$ out of shareholders), but they still need to actually do an offering, such an ATM offering or find some poor note holder willing to waste money (like Hudson Bay who'll be willing to do it for MASSIVE amounts of preferred shares and win over HMNY in all the fine prints - Hudson Bay doesn't play to loose), in order to actually get funding from shareholders. I expect to see some sort of SEC filing showing an offering soon. Either way, I expect to know from some SEC filing soon that'll show how much they have in the bank at the end of July.
Their Q2 LOSS report (we don't call them EARNINGS reports here, we call them LOSS reports) in early August will confirm. Remember what I said? Don't mess with Hudson Bay. They'll getcha!!
Here's the part I'm confused about: Today, after the reverse split (which I would have expected HMNY to have done massive ATM dilution yesterday and the day before and should have enough cash), HMNY runs out of money again and has to do another demand note to Hudson Bay at UNFAVORABLE terms??????????????????? WHAT THE F?????? WHY???
Is HMNY in bed with Hudson Bay to intentionally destroy shareholders?????
Or are they wasting SOO much money on Emmett/Oasis (which Ted has NEVER disclosed financially other than it'll be paid with "cash and stocks" and his insulting "How did they pull it off?" comment), soooo, SOOO much that even ATM dilution is not enough to pay for whatever cash agreement or money-sucking scheme Ted is currently doing? THAT is what I do not understand. Amazing how Ted Farnsworth gets away with this shit.
That explains why MP app was down yesterday.
As Ted Farnsworth so eloquently put it,
“People are going to go, 'Hmm how did they pull it off?'”
RIP $DCTH 2.0. Oh God, I tried to warn them, I did. They just called me names and tries to discredit me.
May Ted and Mitch go to jail for this ponzi scheme, Ted especially. IMHO, Ted Farnsworth intentionally misled shareholders even when he knew they would be wiped out. He still had the audacity to (after the Special Meeting) do a paid self-promoting pump with StockTubes talking about his shareholders understand. WHAT SHAREHOLDERS? THE ONES YOU WIPED OUT YOU SCAMMING ASSHAT?
"Conversation" with a long who I thought had learned his lesson, who then went back to bagholding and enabling Ted Farnsworth's ponzi scheme behavior. He started pumping again even as late a few hours ago, even after be wiped out 67.9% from just the R/S alone, not even counting probably 90-95% wiped out from when he last re-bought.
It's wrong that Ted is allowed to destroy so many lives financially, yet he flies around in a private jet and continues to pay companies to create propaganda for him.
https://photos.app.goo.gl/FbfqXpadtKT4Q4Ma8
See Ted Farnsworth's paid propaganda, explaining how shareholders understand him wiping them out. I especially like how he calmly sat there while he spewed out lies and propaganda.
What the hell is Ted talking about? What shareholders? I previously analyzed the chart and showed that HMNY manipulated the stock price to be "record holders" in order to vote, but got stuck bagholding so they pumped it back up and bought more in doing so, and then finally sold out, leaving a bunch of retail bagholders. They then changed the record date holder via a SEC filing in order to guarantee they and Hudson Bay would continue to be majority voters and guarantee the R/S and 5 billion auth share measures
You have to remember: Ted Farnsworth doesn't care.
Dude, I did the math using SEC filing numbers that they themselves gave us, remember? That's how I was able to confirm they would run out of money BEFORE July 23rd, which was why they had to do a nasty IOU deal with Hudson Bay. Remember that?
Anyways, I estimate based on what they've told us in the SEC filings, HMNY will have an operating loss close to -$175 million. That's just the TOP part of the income statement. That doesn't even include the bottom part of the income statement with interest expenses etc. Don't be fooled by any warrant adjustments. The real issue will be the operating loss.
So no, Q2 will not be "damn good". It will be horrible. Q3 I suspect will be very similar, if not worse if they keep secretly funding Emmett/Oasis with no real revenue coming in. I say secretly because lying Ted hasn't even disclosed the financial terms of his acquisition which he said would be CASH and STOCK. It's possible he's diluting the hell out of shareholders the past two days in order just to pay Emmett/Oasis.
I believe Emmett/Oasis is the death of HMNY. Worst thing Ted ever did for shareholders. Don't get me wrong. Having a break even or profitable movie studio isn't TOO bad of a thing unless they start losing money, but herding MP subs to go watch so now they're paying even more money towards it? That's like buying something for $10, selling for $5, and then paying someone another $5 just to go buy that same item you're selling. You're losing 3x the money going out than coming back in.
@millionaire0516 Sorry you messaged me too late already on Saturday. I didn't think to message you because as I said, I don't pay for this service so I can't private message LOL. My warning Friday to sell in AH before the bloodbath this week was really a warning that nothing good would happen after the 23rd. I couldn't know they would have effected the reverse split shortly after the vote. All I knew was:
1. They were out of money, so if votes were YES, they would immediately do the 5 auth share to continue dilution, or do a R/S in order to continue dilution.
2. They were out of money, so if the votes were NO, they would have to immediately cease operations or do some super nasty bad deal with Hudson Bay.
Either way, it would be bad for shareholders, so that was why I warned people to sell the frick out last week. No on would have known when they would have actually done the R/S. However, once they announced the R/S, everyone should have sold the hell out. NOTHING good happens after a R/S if the company intends to milk shareholders dry with ATM dilution.
Hi Ted Farnsworth, shouldn't you be scheming up ways of robbing shareholders or doing some money-losing acquisition on useless junk?????
You're welcome :)
What the bejebus, the MoviePass app is not working? They can't be out of money... they're massively stealing from shareholders the past two days. Anyone else?
I said I'd check back. Market's not closed yet :p
Mitch claims he can't talk about HMNY, which is true because he's the CEO of MoviePass, not HMNY.
Ted doesn't give a rats ass. He's said he doesn't care about profitability, revenue, and that he'd sell shares if he has too. Those are the only truthful things Ted have said so far. Everything else was a lie, all so he could get what he wanted and punish AMC, at the expense of shareholders. Shareholders will be wiped out. Period. Been trying to warn peeps for months but just got name called and discredited.
Clay, this is why the majority of people lose money in the stock market and can't even beat the S&P 500. If you try to help them out, they accuse you of having ulterior motives, to try to discredit you in any way possible, focusing on the 1 out of 9 things that you did wrong. Well duh, no one's 100% right all the time. It's just a numbers game. You don't need to win everything, just most things. Some people have even said chart reading is voodoo. Funny people. Just because someone doesn't understand Einstein's theories and equations doesn't make them less true. Keep up the good work man.
I'm not sure what half truths you're talking about. I give full truths and my analysis. The only half truths are the pumpers who claim all sorts of ridiculous lies like Ted Farnsworth that never materializes and tricks the misguided longs into losing money. I'm not getting a flipn' dime for my time posting here or even my time wasted responding to you. You truly are sad and completely wrong in your assessment.
As I said before, this is like me trying to save an animal that's dying of thirst or trapped somewhere and they just bite me back. I get no reward in it other than knowing that I tried, or that I did manage to help some.
Fair warning, I've put you on ignore because of your non-sense.
If this puppy doesn't stay above $1 for 10 consecutive days, another R/S is coming or delist to OTC. RIP $DCTH 2.0
No :( It will be a good buy if they do NOT acquire Emmett/Oasis (i.e. do not herd MP subs to watch their money-losing movies and losing even more money) and Ted Farnsworth is fired and a new CEO who is actually serious about shareholders is hired.
Going to write a book on how to be a billionaire with your retirement accounts. I'm not kidding. People might laugh at me now, but you guys know I'm damn good with my numbers, which has proven true on so many occasions. My calculations confirm it.
At first I worried that if everyone knew how to do it, everyone would be rich, and when everyone's rich, then everyone's poor/average. But then I realized, there will be a lot of skeptics, and those are the ones who will remain poor. So I've decided I will write the book. I just wish I could have started sooner, but knowing what I know now, I will use it to help my kids. Trillionaires are already walking amongst us today and I know who they are.
Wow, HMNY at 8.50 as we speak, or 3.4 cents pre-split... even lower and faster than I thought. Another reverse split should be effected soon at this rate.
Final (real) farewell. I'm going to stop posting as much and just check back from time to time. wdb on the Yahoo Finance forums is right... my talent is wasted here and on other forums. No more analysis on HMNY from me. You guys can go back to just straight guessing LOL. I'm going to focus on bigger things, maybe even run for president (again?) heh. BobDole 2020?
Peace out, and try not to lose too much of your money on HMNY.
Looks like Bob Visse finally woke up and saw the truth. Too bad so many blind lemmings followed him and lost so much money :(
http://bobvisse.com/warning-to-potential-new-hmny-investors/
Most likely the latter
BREAKING NEWS: HMNY hires Bagdad Bob, notorious "truth teller" during the Iraq Invasion as company spokesman and part-time board of director! By 2020, the U.S. MP subs is projected to be even greater than the U.S. population!
https://photos.app.goo.gl/ywLcRNnFH3Tzpivi8
The biggest threat to shorts is: Firing Ted Farnsworth.
The biggest threat to longs: Not firing Ted Farnsworth.
PROPS TO UkranianWolf. HMNY hit $12 today (within 52 weeks of his post) and promptly sold off LOL
As I've said before, all prior and current generation shareholders WILL BE WIPED OUT. You are not special. You are not the first. You will not be the last. Shorts are not your enemy. Ted Farnsworth is. There's no version of this where shareholders come out on top. Enjoy the ride!