Comparing TSLA to HMNY is like comparing a rare, precious meteorite to a poop nugget.
TSLA has an appeal that hits at the heart of big money investors. Potentially less pollution, less global warming etc.
MoviePass deals with entertainment in the movie business, which only some people do. HMNY effectively owns MoviePass. When you buy shares of what you think is MoviePass, you're buying HMNY. HMNY has costs with RedZone and all the "crooks" in HMNY and other expenses that you are paying for.
If MoviePass had publicly traded stock, then maybe you can start to even begin to make a comparison. That's like you marrying someone and finding out that person has child support you now have to pay for because this person you married isn't working.
Initially Ted had a chance. He intentionally blew it because he said himself he DOES NOT CARE ABOUT PROFITABILITY, EVEN LESS ABOUT REVENUE AND WILL SELL SHARES IF HE HAS TO. What part do not understand about that? He just said right there he intends on wiping out shareholders. If someone made a threat against you, do you not take it seriously???
Ted got greedy and the money loaned to MoviePass, instead of having them pay back as a loan, he decided to swap it for ownership of MoviePass. He got greedy. There's no other way to put it.
HMNY runs MoviePass. HMNY decided not to raise the prices of MoviePass subscriptions in order to grow subs, at the expense of shareholders. Many generations of shareholders have already been wiped out. You are not special. YOU WILL BE WIPED OUT and you will not be the last. You are not special.
Again, my point: THERE IS NO RUSH TO BUY HMNY STOCK. WAIT UNTIL IT'S PROFITABLE, which is probably never.
Ted made many empty promises and many outright lies. He promised MP would be self-sustaining by March. That never happened and in fact the expenses grew more. He promised no more dilution. He promised deals with movie theaters, multiple revenue streams
I have proven MATHEMATICALLY that his 51% acquisition of Emmett/Oasis is a money-losing business model. The math does not lie.
Do you realize why he doesn't take a loan??? He doesn't want to go bankrupt and wants to keep raping shareholders for money. THAT is his plan. This is why they silently increased the shares to authorize from 2 billion to 5 billion.
