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I look at it as me using their Moviepass card is enabling them to gather data on my movie going habits. Thus they can sell that valuable information if someone is willing to buy it. The more people that use the service the more data they collect. lol devils advocate
They are trying to turn it around. Yesterday the wife and I went to the movies and used our Moviepass cards. For the first time in a while we had zero problems at all. App worked smoothly, no surge charges on any movie at the theater and the credit card worked as well. Then at 11 a.m. this morning I saw another movie by myself and again app/card worked and no surge prices on anything.
I took this as a sign of them actually trying to turn it around. I will see if this trend continues this upcoming weekend. If MP can pull off a flawless weekend then they might regain some of the consumer confidence. I did receive an email stating that the price was increasing but even at say $15 a month and them blocking the new releases for the first 2 weeks, it's a great deal for those of us that see multiple movies a month.
I don't have a lot of confidence in their stock price or stability but I do see them making an effort to try to stay relevant and retain subscribers. I see everything at the box office and as such the MP card has saved me a ton of money this year and even with a price hike it will continue to do so.
Only worry I have is the blocked new releases. I see today on the app when I look at my local theaters that it has Christopher Robin blocked and that is a much anticipated movie. I know many of the younger generation like to see the new releases the first weekend or week it is out. My wife and I are oldskool and we often wait till the movie has been out a couple weeks anyway to avoid the crowds. We've always seen the oldest movie at the theater first and then waited but I have family and friends that have to see it right away. Those types I'm worried will not continue to embrace Moviepass and will be lost subscribers.
We will just have to wait and see but if they could turn this around, it would be the greatest stock market comeback story and maybe even a movie itself one day.
It will drop to well below 10 cents. Next week you will see 2 cents a share so be careful but it's your money
Two More Law Firms investigating now so that makes at least 3 since yesterday. I logged into my TD Ameritrade account and saw the message that Schall Law Firm is asking investors who have lost more than 100,000 to contact them regarding the investigation. Rosen law Firm has also launched an investigation as well as the law firm of Glancy, Prongay and Murray. I spoke to my agent and she said others will more than likely jump on board. I asked her if this will affect their business and she said it's to soon to tell but that TD Ameritrade will keep us posted on anything new.
HMNY now under investigation, if you have purchased stock there is a link in the article for you to click on. It says that Healios & Matheson shareholders have a right to recover their investment losses. Article below in case you haven't seen it yet. I think the poop is about to hit the fan....sorry for your loss if you bought into this thing.
https://www.marketwatch.com/press-release/glancy-prongay-murray-llp-announces-investigation-on-behalf-of-helios-and-matheson-analytics-inc-investors-hmny-2018-07-30
Movie pass is officially down right now. So sad they must be completely broke. They also stopped responding to Twitter 30 minutes ago
I'm waiting on 10 cents and then I'll buy some for the tax write off and a gamble. Lol at this rate I think it will hit that mark by Thursday, maybe Wednesday if they have another mass outage or surge price hike
We don't have an IMAX here, the closest IMAX, DBOX, or XD is 2 hours away in Shreveport. I live in a rural area, small towns with few thousand people in them.
I'm talking about Skyscraper, why are they blocking that one now as well? I'm not the only one, go look at the reddit, it's not just Mission Impossible anymore. Also this morning a lot of people on the reddit that are saying they can't even access the app, it's not pulling up any theaters for them.
This company is in a deathroll........BOOM
Absolutely blocked here is proof, I'm at the theater right now. This is the second theater I stopped at on the way home. Other theater is approx 22 miles from this one. This is a Regal theater in Leesville, La.
We have been many times to this theater and never had a problem with Moviepass here as well as the other theater. This is one of the larger theaters in this area because there is a military base right next door(Ft. Polk) lots of GI's use this particular one.
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Moviepass blocking additional titles now. Skyscraper is now being blocked as well as Mission Impossible. Not sure why as Skyscraper has been out a while and should be getting close to it's end run. Also, some people reporting they cannot use MP at all today. My app is working as of now and no surge pricing on the early showing. Yesterday app was spotty and showed surge of $6 for every single movie when it was working.
Moviepass blocks Mission Impossible this weekend and surge prices of $6-8 per movie are being charged. I live in a rural area and every single movie here is $6 surge including movies that have been out 3-4 weeks now. It's over for this stock, tomorrow it's gonna drop like a rock. never seen so many pizzed off people. The reddit blew up over them blocking a huge movie and he increased surge pricing.
https://www.indiewire.com/2018/07/moviepass-mission-impossible-fallout-1201988996/
AMC is not in the same boat as H&M, no where close to it. You point out they have 5 billion in debt but they also have massive and I mean massive amounts of income. They actually choose not to pay down the debt and instead spent 500 million on switching to recliners in their theaters this year. They know it will increase sales because theaters they placed recliners in saw a 500% increase in traffic. If things don't pan out, they will start applying money to the debt, they have the income unlike Moviepass.
Also, AMC has an ace in the hole in that they own their European theaters outright and have no debt against them. AMC said in a previous statement that if they ever got into trouble with their debt, they would do an IPO of their European theaters and be able to pay a lot of the debt off. Their European theaters are also a lot more profitable than their U.S. theaters so they don't want to do that but it's always an option in their back pocket.
Their debtors know this and so they continue to give AMC leeway to make adjustments. They are no where near worried about them being able to pay it back because of the massive assets AMC owns here and overseas as well as the tons of money they bring in. At any point in time, AMC can stop upgrading theaters and begin paying of chunks of debt. Can Moviepass do the same right now? Can they generate 5 billion dollar overnight? I don't think so......
Moviepass wishes it had the income stream of AMC or even a 10th of the assets
App is down, was fun while it lasted but now my app isn't even working. Checked wifes phone and hers is down too. So they just billed me another $10 and I haven't been able to use it since yesterday. Just gives a message saying they are working on it, but sucks cause we were gonna go see a movie after lunch at the Italian restaurant near our home. I have 1 movie left this month on Sinemia but saving that for the IMAX next Monday.
MP about to lose thousand more customers over this, people can only take so much even if it seems like a deal. Imagine taking your girl out to eat and then you get to the theater and you can't use your card/app and have to either shell out more money or go home....
I've decided I'm going to BUY!! Yeah, when it hits around 10 cents a share again, which should be soon, lol. I figure the gambler in me has to waste a little money from time to time. If nothing else I just wanna be able to say I was in the game when it crashes and burns. Of course I guess they could pull a Hail Mary at the last second but I wouldn't hold my breath. Tax write off if it goes belly up :P
You asked where they burned all that cash? It's simple, but let me break it down for you real quick.
10's of millions are more than likely sitting in someone's offshore bank account. How easy would it be when your burning through so much cash to divert some of it unseen?
According to Moviepass they burned through an estimated 21.7 million a month. This was back in May when they were detailing a lot of their expenses but at that time they had burned through nearly 200 million dollars. Yes, 200 MILLION!!!(even more now) They had so many expenses from offices, advertising, card processing, etc.
Now think about this for just a second. Here is how you divert money into your own bank account as a scammer CEO: You have a cousin or friend start a company called XYZ real estate and lease a business building. Now you sublet that office space to Moviepass at let's say $158,000 a month. Problem is that the original lease is for only $32,000 a month so basically they marked up the lease by a whopping $126,000 and guess where that extra money goes every month? Yep, into said cousin/friends bank account offshore.
Now, you have your friend/cousin start up an advertising company and you give them a contract to advertise Moviepass. They bill you 4.2 million per month for advertising costs. They do actually advertise but it really only costs them 1.2 million a month. Where does that other 3 million go? Into your fiends/cousins bank account.
Now, once the company folds and all these dummy contractors, advertisers, real estate offices you set up have been collecting millions upon millions of dollars throughout your run, you simply head to the nearest bar with your cousins/friends/cronies and you take stock of all the money sitting in those accounts and you split it up among yourselves. Everyone walks away with a smile on their face and they begin planning the next big company they are gonna start to do it all over again.
250 to 1 and it's "at their discretion" according to the vote. LOL, this will drive it down to what 2 cents a share? Good luck ever recovering from that!
Sinemia is stealing their customers by the 10's of thousands and now Regal is coming out with their new movie plan soon. Seems the theaters themselves are also against Moviepass. They know they can do the same thing cheaper because they own the theaters and they can make it up on concessions and still garner their own data.
And now, the end is near and so I face the final curtain!
Signed up for Sinemia because of surge pricing tonight. My wife and I went out of town for dinner today and a movie. Got to the theater around 6:30 p.m. and every single movie had surge pricing except for Uncle Drew. It was $3.80 extra and that was for 2D/regular only.
I paid but we came home and my wife says to look into that other movie company so I check out Sinemia and find out they just lowered their prices again to get more of the moviepass users to sign up. I couldn't resist as my wife loves the 3D, IMAX and XD movies. For $13.99 a month I get to see 3 movies with one of them being IMAX, XD, etc. The other 2 movies can be either regular or 3d with no extra charges.
My theater charges $13 for a 3d movie on the regular screen and $10 for a normal ticket. So lets' say I just see 2 normal movies and one 3d a month, that's $33 and I pay $13.99 for the plan so no brainer. Our IMAX charges $17.49 so just seeing one IMAX movie per month is more than the entire plan. Also an advantage is that I can book tickets 30 days in advance, don't have to use a card, nothing to stop you from giving the tickets to a friend. By being able to book in advance I don't have to worry about arriving at the theater and the app having problems, stupid surge pricing, etc.
Now my wife and I see see 10+ movies a month so I'll still keep Moviepass for now because even with surge I come out ahead. The problem for the company however is that tons of people are switching over that only go to the movies 1-3 times a month. This is a huge loss of their subscriber base and the people that they need to keep. They don't need people like me that see too many movies and eat into their profits but sadly that's the ones that are staying.
I read on the reddit that many larger cities are charging between $4-5 for surge which is really bad if your a casual. I still see the benefit but that's because I go to enough movies to more than make it worth it.
I think MP is in big trouble with Sinemia slashing prices and getting more and more press as well as the movie companies like AMC coming out with their own plans. Time will tell I guess but I still think this company is going belly up and fast. They just had to borrow money to pay their processor for goodness sake. If that doesn't tell you they are scraping the barrel then I don't know what is.
Here is an article just out today about the war between Moviepass and Sinemia.
https://gizmodo.com/the-war-against-moviepass-is-heating-up-and-that-s-goo-1827722252
Buy now and don't look back! This company is setup to dominate the world and it's only going to get better with time. To me this is a long term retirement sort of investment and not a quick flip. Although I imagine that near October it will spike up again for the ones that want a quick profit. I am holding long term and have been for quite a while now. I was tempted to take profits during the last spike but controlled myself and continue to just add shares on a monthly basis. I sit aside 20% of my monthly income to buy more and more of this.
THIS IS JUST MY OPINION but I believe that in 20 years my monthly investments into Canopy will have matured to more than enough for me to retire to an island with 3 wives and spend my days sipping adult beverages and fishing off my yacht. If it goes south then I still have Social Security right? lol
Stop saying to charge more! Everyone knows they will lose subscriptions if they raise the price. They can't afford to lose anymore people, in fact they need to gain as many subscribers as possible at this point.
This is exactly like the Obamacare model. They needed so many millions of people to sign up to make the model work. You had really sick people that used up a lot of the insurance resources and money. Then you had the younger healthier people that didn't go to the Dr. as often but they still paid their premiums every month. Obama said they needed more young healthy people to sign up to balance out the older sicker people.
Same with Moviepass in that they need more casual users than hardcore. The causal users go less and use less resources but still provide data and pay their monthly subscription. Problem is the casual users are very prone to cancel if the price hikes as they don't see it as such a good deal because they are not avid movie goers.
not true, we went to every movie before we had MP and we will continue to do so even when they are gone. We use Sinemia as well for our Imax movies and I don't believe they will last long either. Our Imax charges $16 per ticket so as of now their Elite plan for $9.99 a month is well worth it. They lose a lot of money however, same as MP does. With that plan we can see 2 movies a month, one of them Imax. Just the Imax ticket alone is more than the subscription and then we see one other movie at $10 ticket price and it costs them $26 for that month and yet we pay only $9.99
Just like tons of other people in America, you jump on a deal when it's available but when it's gone you don't stop your life. I don't think the majority of people that go to the movies are tempted to go more because of MP. At least our friends and family that we got to sign up don't. Take my Aunt and Uncle for example, they have 2 kids. They signed up after they saw us using our cards. They only went to the movies a couple times a month before they got MP. Usually they see animated movies like Transylvania with tier kids or family friendly movies. Since they have had their cards about 3 months now they don't seem to be going anymore than they did before. In fact with the surge pricing on Transylvania this past Saturday they said they are cancelling their cards.
With AMC now having a great plan and other theaters like Regal about to announce a better plan, I think MP is honestly headed to bankruptcy. Keep sinking your money into this if you want. I won't say I told you so when it goes belly up.
Problem isn't just surge pricing. Go take a look at their Twitter account and just read all the comments. 99% of them are negative and bashing the company because of the massive problems they have.
People saying they drove 20 minutes to the theater and then couldn't use their card. Problems with cards saying they already made a reservation but they didn't. People having trouble with the "provide proof" feature and their app won't submit the picture of the ticket stub. I saw tons of different people on twitter saying they can't even get through to customer service. Their social media is being bombarded with people having multiple problems. The outage from the credit card processor alone has alienated thousands of people.
Imagine getting your friends together or packing your family in the car for an evening at the theater. You go to dinner and then head to the movies while your excitement builds. Then you get there and your card doesn't work or the app is having problems. You are either forced to pay full price or turn around and head back home. Us hardcore users like my wife and I will chalk it up to a bad experience but we won't cancel because we see lots and lots of movies every month. We see the value in the card even if there is a snafu once in a while. However almost all your casual users do not see it this way. They only go to the theater a couple times a month and if you ruin one of their trips they are going to be quick to jump on twitter or facebook and bash the company. They will cancel and that really hurts the MP bottom line.
Again problem is not just surge pricing, just go to twitter and read the past few days responses. Almost 99% were bashing them with very few positive posts. Investors see that too
Bankruptcy for sure on this one. My wife and I have been MP users since the beginning and it saved us a lot of money. We see everything, just saw 2 more movies this weekend(skyscraper and Transylvania) and will go see another on Tuesday and more next weekend. However we have a lot of friends that we talked into getting MP or they signed up after seeing us use ours. Almost half of them have already said with the new surge pricing that are aren't gonna renew or are cancelling. Most of them are casual users with kids and only see a movie once in a while on the weekend. So to them it ain't worth it now and these are the people MP needs to keep. They don't abuse the system and some months they may not even go to the movies or just see one.
Also I was on a reddit earlier and people are really pizzed off at MP over the surge pricing and I saw hundreds of comments from people saying they were cancelling. That being said I think their subscriber base is about to take a big hit.
Just my 2 cents but this company is DOOMED! They can't afford to increase the prices because they lose subscribers and so they try these tricks like surge pricing and it just backfires. I don't see a way out of the box they cornered themselves in. They need more money but no one believes in them. Even when we bought our subscriptions to MP, my wife and I laughed and said we would just enjoy it while it lasts. A ton of people believed the company was doomed from the start and had the same attitude of "we just gonna enjoy the free movies while they last"
So if people don't believe in the company how can big investors jump on board to save it?
I'm buying 10,000 shares Monday cause why not? It's a gamble for sure but I have done well on a few gambles and I like this one. My reasoning is that the information from these subscribers is still very valuable to several companies. I think in the end they will get a deal and an influx of cash to hold them over for another year.
If not and I'm wrong, then I lose out and file a loss and get a tax break on the small investment. I look at it like throwing the dice at a casino. I can lose it all or in 5 years be sitting on a nice little pile of money for a small buy in. Either way good luck to you all
I was lucky in that I bought it low enough that I'm still up double but still feels bad to see all the value I lost since the first week of this year.
I don't need the money so I'm just letting it sit there. I even considered buying more but I don't want to be one of those people that keep throwing money at a problem. I just hope it rises back up over the next 2 years but only time will tell.
Well I lost almost 200 grand in the selloff but I know without a doubt that it will rebound this summer. I couldn't help myself and picked up more shares when it dipped into the $19 range(US). Even if there is a delay in legalization, it's only a matter of time.
Stay strong, it'll pay off. They are a strong company with plenty of cash reserves and investors coming on board all the time
It's simple, you get 400 Billion from the BIG tobacco companies coming together and forming a partnership. They have the combined wealth, fat bank accounts and the credit to make such a deal. On the other hand, it is wishful thinking lol
Want to be rich? Buy Buy Buy on this pullback and hold till legalization goes into effect for Canada.
There will be a HUGE jump in price of this stock the week of legalization just like it happened the week California went legal. Then as always there will be some pullback because I've noticed that seems to happen with every stock jump I've seen so far but in the end the price remains above where the run up started.
So if you had extra money and want to ride the next wave, it seems to me this is almost as 100% a sure thing as you'll ever find in a stock. It doesn't take a genius to know that Canadian stocks will run up with excitement the first week of July or maybe even start the week before.
Now the trick is to ride that wave as far up as you dare and then sell and walk away with as much gold as you can stuff in your pocket. Cause we all know this is the next gold rush and your seeing it slowly unfold :)
Yeah I was charged a $15 foreign fee for some trades I did of Canadian stock by my broker. Didn't understand what the fee was for as it didn't show up until a couple days after the trade. They explained to me that they use a different company as a go between for certain foreign trades and that is their fee. I use TD Ameritrade if it matters. I was annoyed at first but then figured it was a small price to pay for the huge amount of money I was making off the trade.
Then I found out about taxes and lol well that's another story but I didn't realize if I sold my stock and then immediately re-purchased at a lower price, I have to still pay taxes on that sale. I did that with this stock a couple of times when it had a run up and then dipped back down. Both times I was able to really increase my number of shares but now I guess I'll have to pay for that in taxes. Live and learn, I'm still a stock noob
I sold at $25 and WOHOOO I made so much freaking money!! I just made more money in one sale of stock than I made in the last 2 years of working 60 hours a week!
LOL, I love it!! I saw it was fixing to start dropping so I knew it was time to take my profits. I'll buy in again if it goes down to $21
Something is indeed coming but the behind the scenes guys buying up stock ain't gonna tell us cause that would be insider trading lol. Someone knows something though, cause they are buying like crazy
"Big deals in NYC, Florida, Dubai and NJ
updates to follow shortly!"
"I saw 2 potential factories one in Dubai and one in Abu Dhabi I think we are going to need them!"
"Waiting for paperwork this week already have e mails, going to be at lawyers all week. Going to be lots of fun, Im loving it."
BRWHAHAHAHA!
"Buckle up people your about to get on a wild ride $ONCI
BWAHAHAHAHAHAHAHA"
So uh, what happened?? BWAHAHAHAHAHAHAHAHA?????????
Huge dumps coming tomorrow/Monday so don't be surprised. A couple big share holders will be unloading. I'm not really an expert so I don't know how that will affect the market but it doesn't seem good for 10's of millions of shares to be put up for sale.
I heard that the CEO reads these forums, so I'm sort of confused as to why he would let the stock continue to perform this way. Surely a more positive post from him could turn it around if he has as many deals as he says he does. I mean a couple weeks ago he touted about all the BIG deals he was securing over in Dubai and then he was having meetings here and there and he had "BIG" announcements coming "SHORTLY" but we never heard a thing. Why say your announcing big things shortly and repeat that several times and then go silent for 2 weeks? To me the definition of shortly is about a week maybe at the most.
I don't know, I only sunk about 600 bucks back into this after I sold all my shares so I ain't losing much but I feel bad cause I believed in the stock at one time and I know many of you have much bigger stakes in this. I do hope you get some better news this week but I think realistically it's gonna continue to nosedive hard all week long unless the CEO decides to grant you a Christmas miracle and actually name something big.
Take off the rose colored glasses! You say Steve would not put his reputation on the line and that is true of any CEO who starts out with good intentions. I'm sure when he began this that he really thought he was gonna take it to a very successful company with great profits and amazing deals. Then like many companies he realizes along the way that he has sunk a half million of his own money into this and it's a slowly sinking ship. At that point he scrambles all over the world trying to secure deals and he IS WORKING HARD that's a fact but in the end the ship is still sinking.
He can say he tried, he really did but in the end Steve is a human being and he WILL look out for himself before he gives a flip about all of the investors. He doesn't want to let down his own family or lose his personal finances. So in the end when a man gets desperate, he will do anything necessary to pay his own bills and grab all he can for his own future.
Is this happening with this company? I can't be sure just like most of us here we have no idea but I'm not an idiot and won't be blinded by the thought that Steve is moral and ethical and would never screw us over. I'm sure he is a decent person but back any man in a corner and you will see how things change very quickly.
Not sure what your deal is but I think you missed my response to your other post about how I made the money. Look under your post and find my response, I spelled it out for you. Not sure why you even care to be honest, it's like your offended that I got out of SHOP. I know I said I was holding for 10 years but the greed got the better of me when it spiked up in price. Also I started reading more and more about weed stocks and I got convinced it was the next gold rush. So I switched my investments over and am continuing to do so. I actually sold one of my rental properties just so I could sink more money into it. So once again, please read my original response to your question and I hope you have a great day. I won't be responding to anymore of your inquiries because you kind of act like your 12 and not a serious investor or person of any interest to me.
"You said"
Buying SHOP at $86 and selling at $109 doesn't turn $38k into $110k. Let me guess, You did that with SHOP several times, always buying at the exact low and always selling at the peak. LOLOL!
I bought SHOP a good while back at $86
SHOP was my first investment, I sold when it hit $109 and put my money into TWMJF(Canopy Growth Corp.) and ACNNF(Auscann Group Holdings) based on an article I read at the time. Canopy growth surged and I sold again, then rebought some shares after it went back down. My money into Auscann is still there, I bought that at .335 and it's now at .729 up 120% so I more than doubled my money on that investment. From my profit on Canopy I bought shares in PURA at 0.0165 and it's now at 0.327 up 98% so again just about doubled my investment there as well.
I'm 100% convinced now that weed stocks are now the next gold rush and have moved just about all my money into them. I just sold another house and am moving that 72k into weed as well. I firmly believe weed will now make me a millionaire one day. Legislation is slowly making it legal in many more places including here in the states. Canada also has some great companies with a firm foothold and they are set to be huge on day. I might be wrong, but so far no bank has given me better returns.
Keep wishing, it's people that continue to hold out despite many warning signs that end up crying in the end. I equate it to a gambler in a casino that just keeps playing even when he keeps losing. If you ask him why, he will tell you he just needs one more good hand and he will win it all back or hit the jackpot. Just one more day, just one more month, just hang in a little while longer cause it's gonna pay off right............
Will it? I'm still hanging in but then again I don't have a huge investment tied up, about 100k shares right now
Can someone explain to me what's causing the uptick today? Was there some news or upcoming event that is pushing it? I'm not complaining, just curious