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HMNY owns 80% of moviepass
Mitch on Bloomberg saying it last week
The extra revenue of 4-6 dollars per sub per month will negate this
Thanks for taking the time to post your analysis. In the bloomberg interview
https://www.bloomberg.com/news/videos/2018-08-08/moviepass-is-imperfect-but-delivering-an-amazing-value-ceo-says-video
Mitch mentions additional income of 4-6 dollars per subscriber from alternative revenues per month.
Assuming this is correct them it would move the model cash flow positive. What are your thoughts?
I think he will only talk about the changes to Moviepass sub model.
Old news
why would they need to file a prospectus amendment to an existing filing stating they can ATM a notional amount of dollars?
they have an existing 8k filed that they can issue up to 150m dollars ATM. They were at 90ish last week so it can't go on forever without a new filing
The specific terms of any potential future offerings, along with the intended use of proceeds of any such securities offered by HMNY, will be described in a prospectus supplement at the time of any such offering.
About 350mm since the r/s.
Probably 10-20 % new shares
500mm yes possible but unlikely. 1 billion impossible
Lol - still impossible. Check the daily volume since the last 8k. Not a billion
Impossible. There is a filing from the 31st july showing 6.7 million outstanding. Volume has been high but not that hot since then
Was that close of play Friday? I was expecting 100m
Which date was this on? Thanks
I'd retire
They can only raise 150mm dollars through ATM. It's in another of their filings
What's the anti-dilution clause?
factored this or something similar into your model Bob?
https://cnafinance.com/helios-and-matheson-analytics-hmny-stock-triton-funds-shares-more/19996
they're not- you can see the outstanding float was 6 or 7 million on the 31st July. A few million only..the rest is short selling
they were separate events
1) Reverse Split 250-1
2) Increase shares to 5.2 Billion
they can't reverse split again without share holder approval and if it was agreed the share float would be reduced not increased.
Not ATM though - shelf offering coming?
Under the shelf registration statement, HMNY will have the flexibility to publicly offer and sell from time to time common stock, preferred stock, debt securities, warrants, subscription rights, units or any combination of such securities. HMNY may periodically offer one or more of these securities in amounts, at prices and on terms announced, if and when the securities are ever offered. The specific terms of any potential future offerings, along with the intended use of proceeds of any such securities offered by HMNY, will be described in a prospectus supplement at the time of any such offering.
there hasn't been enough trading volume since the reverse split on the 25th when there was 1.3 million outstanding to get to the 222 million shown on marketwatch
float is 5billion so I wouldn't trust those numbers
also check @tritonfunds twitter feed
where do you see these numbers? Thanks
45m volume yesterday when the float was at least 1/2 of that. BIG dillution
Does anyone know if the max ATM offering via Canacord is limited to a total of 150mm as per the April listing? Thanks
Can't be shorters pushing price down as on the circuitbreaker
https://www.nasdaqtrader.com/trader.aspx?id=shortsalecircuitbreaker
I predict you still won't short it
I also have over 150k shares and assume they aren't showing either.
He's not even brace enough to short
But you still won't short it - go figure
what happens if they can't fund moviepass anymore. It shuts down and any liabilities (pre-paid subs, wages etc) are written off?
Why didn't you short wise guy?
If you're so confident in your thesis why don't you write some puts?
Can you see the 13k number for the end of June, I can only see up to end of Mar. Thanks