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jross34

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jross34

Re: scotsand post# 3366

Sunday, 04/22/2018 5:41:45 PM

Sunday, April 22, 2018 5:41:45 PM

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https://seekingalpha.com/instablog/3398131-ben-rabizadeh/5143780-politics-proxy-raising-prospects-moviepass-ipo

this article says moviepass board probably won't let HMNY do a merger and they want to do an IPO instead. Says Mitch has a private investor that is not HMNY, so HMNY probably isn't going to get the remaining moviepass percentage. Moviepass is waiting for HMNY dilution clause to expire in august before doing the IPO. If moviepass does an IPO HMNY could be diluted to 51% or less of moviepass.

Seems like investing in a proxy investment is not a good idea, we have just been used as a funding source and will be diluted in the IPO.
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