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Re: Drosmigs post# 1069

Thursday, 10/19/2017 12:08:51 PM

Thursday, October 19, 2017 12:08:51 PM

Post# of 52210
Yes, that's the concern for many analysts. They don't currently have that much free cash based on public info we have. With the investments they currently have, they can't really last a few month if the numbers did explode say 10x.

Since MP is still private we don't have that kind of public reporting. But, news sources have said Studio Movie Grill also invested 10 million on top of HMNY. If memory serves, they have one other big investor and I thought Netflex was backing them as well. So MP could have a lot more funding by now that we're unaware. They need to last until IPO next Spring.

I don't think MP will have issues attracting investors to satisfy their funding needs.