![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, July 01, 2018 5:56:12 PM
https://www.yahoo.com/amphtml/finance/video/moviepass-tops-1-5m-subscribers-222654906.html
At 7:50, Ted Farnsworth promised that "MoviePass, within the next 60 days, should be self-sufficient on it's own", that it "they're not going through cash burn", from "multiple revenue streams", with Ted chuckling even.
In SEC terms, the word is technically called "defrauding investors" if management knowingly make promises when they KNOW what they're promising won't happen. Ted has lied so many times that even I can't keep track of his lies anymore. Why Ted isn't in jail yet is a mystery.
So the other expected revenue stream was supposed to be from Gotti and AA.
Well, AA so far has been a disappointment. Notice the total number of theaters playing it has actually decreased, not increased. I previously calculated using 600 theaters at peak time to calculate possibly about $4 million revenue, and even at that, would result in a net loss. It looks like they are quietly lowering the theater count after just 339 theaters played it.
This is what I previously calculated AA to do, assuming 600 peak theaters:
-$3 million (to buy rights to the movie)
+$4 million (if lucky, from movie ticket purchases)
-$2.5 million (about 65% revenue split goes to pay theater chains)
-$1 to -$3 million (depending on how many MP subscribers went to see the movie - I know some pumpers claim that there were a lot of MP cards used)
=====================
-$2.5 million loss to -$4.5 million loss
This is now a rough calculation of what AA might do, assuming 339 peak theaters:
-$3 million (to buy rights to the movie)
+$3 million (if lucky, from movie ticket purchases)
-$1.9 million (about 65% revenue split goes to pay theater chains)
-$0.75 to -$2.25 million (depending on how many MP subscribers went to see the movie - I know some pumpers claim that there were a lot of MP cards used)
=====================
-$2.65 million loss to -$4.15 million loss
In fact, IN FACT, the numbers are EXTREMELY disturbing. I will share later with you, with mathematical proof how lame the Oasis acquisition is and how much it'll destroy HMNY shareholders. Wait until you see this. You will be shocked and awed.
Gotti is a huge flop. Yeah, it did more than I expected, only because Travolta is in it. Wow, yeah one of the few times I'm wrong. But it cost $10 million to make. Unfortunately with subsidiaries, you can hide the financials so we'll never know how much Ted Farnsworth paid for it. Some comments from people who saw it are "they obviously aren't going to win any Oscars", or "I'd rather wake up next to a severed horse's head", or "I still have nightmares about the movie". LOL I'm not sure anyone would want to stream it repeatedly or waste money on DVD/BLU-Ray sales.
In their April announcement, HMNY stated "Gotti is precisely the type of film we established MoviePass Ventures to support". I'm not sure why you would want a sucky film like this in your portfolio. They'd have made shareholders rich if they bought the rights to do Marvel movies. $300 million will net you over a billion dollars.
“It’s going to be substantial,” said Farnsworth. “People are going to go, ‘Hmm how did they pull it off?’”
What a waste of shareholders' money. Ted pulled it off by stealing from shareholders LOL. 5 BILLION SHARES AUTHORIZED. Well, duh! I've been warning that all along.
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM