Tuesday, October 17, 2017 8:22:29 PM
Second, I was in the prepaid card business about 10 years ago and I believe it costs the issuer (MoviePass) nearly $10 per card to Mastercard/Visa to activate a new members cards. So add another nearly $10 million of cash going out. If HMNY is staging their $25 million investment over several months - there is a high risk for an early cash squeeze that these guys don't want to face with an extremely successful launch. Holding back my purchased card for 2-4 weeks works in their cash flow favor and I, although impatient, will probably tolerate the delay because I like the MoviePass concept..
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