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Wednesday, May 09, 2018 6:51:57 PM
There are PLENTY of positives floating around right now: If cash burn has been roughly $20 million a month, then they already make up for most of that in sub revenues if we're sitting at around 2.5 million subs. We have yet to take on any debt, so there's no chance of the company going bankrupt anytime soon. We have 2 MoviePass Ventures films coming coming out next month, and hopefully Gotti w/ John Travolta will kill it at the box office. HMNY CEO recently said there is access to capital markets something to the tune of $300 million, so money won't be a problem in the long run. Once the two companies fully merge, it could open up a lot of hedge fund investing which could shoot the stock price way up over time (a lot of hedge funds won't even touch a proxy stock). There's going to be partnership deals being announced with smaller exhibitor chains in the next few weeks (https://www.theglobeandmail.com/arts/film/article-ceo-mitch-lowe-on-how-moviepass-can-save-the-theatre-industry-and-its/). The company keeps saying based on their projections, they can be cash flow positive when they reach 5 million subs. Even if they plateau at 5 million subs, that's still a $600 million a year business. Plus there will be more pricing options to the service soon, including family plans, couples plans, and premium showings. They will change their pricing structure way before they go underwater. MoviePass has been around for 7 years, no way they will shut the doors in the next few months.
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