Helios and Matheson Analytics Inc (HMNY)

[jross34]

verizon didn't "invest" anything. They sold moviefone to moviepass at an inflated price. They got like 1 million in cash and the rest in stock. I doubt moviefone was worth anything, the stock was just something extra thrown in. Verizon can't sell the stock for a year so they are stuck "owning" moviepass. I bet mitch lowe planned this to make it look like verizon was interested when they really aren't. He probably had to beg them to take the stock. That's probably the only reason they bought moviefone anyway, it isn't useful.