Unless you enjoy losing money, now that Ted Farnsworth, the CEO of HMNY has confirmed he intends on milking the hell out of shareholders until their eyeballs pop out of their sockets, and then new shareholders as they come in and their eyeballs too pop out and so on, there is no good time to buy and hold this stock.
Also, I have already proven mathematically that Ted's acquisition of Emmett/Oasis is a money-SUCKING business. It doesn't just lose money. It's GUARANTEED to suck money dry from shareholders. It's like you buying something for $10, selling it for $5 and then paying random people off the street another $5 to go buy that same item. You're losing 3x the money and only getting 1x the revenue back. Would you argue with your math teacher when you see a problem on the board saying 1 - 1 = 0? You wouldn't, so why would you buy a stock of a company with a GUARANTEED money-SUCKING business that's guaranteed to lose money and devalue the stock by MASSIVE (like exponential powers of magnitude levels dilution)?
In fact, I proved that over the past initial 6 months+ since October, the stock has lost on average about -37% a month. Now it's more than -50%. Anyone holding on has lost 99%+ of their money. How pathetic is that? And these people do not bother to read or comprehend SEC filings or do the math. They just buy on hype and hope when the SEC filings clearly say Ted is going to milk you dry.
They were out of money as I mathematically proved, so they had to do an IOU to Hudson Bay and more ATM selling (yet again) before July 23rd. After the 23rd, if the vote goes through, they will IMMEDIATELY sell a ton of shares, causing the stock price to tank even more.
There are only a few reasons I would buy personally:
1. To trade, whenever the stock has dropped too far, too fast, for a technical bounce. I don't bag hold.
2. If Ted Farnsworth gets fired. Even then, I wouldn't hold more than 2-3 days. The euphoria will eventually fade.
3. HMNY announces the deal with Emmett/Oasis isn't going through *AND* they increase MP sub prices from $9.95 to $14.95. Even then, I would not hold for long.
4. If Thanos suddenly appeared and turned back time to August of 2017. I'd buy and dump on the 1,000% run like I did last year.
