Monday, July 30, 2018 5:55:26 PM
It's kind of like the airlines. Say a travel agent gets a certain block of inventory on flights, and then the airline tells the travel agent we are not going to uphold our end of the bargain because the flight suddenly became full, and we can sell the seats for a higher price than what we agreed upon with you. I'd be pissed if I was MP. If they can get this worked out, then there is nothing wrong with their business model. The short fix is to pass it on to the customers, i.e. premium fees. The theaters are still thinking short term, "maybe we can get back to the golden years" and that is not going to happen. If you have a piece of property sitting there costing money, and you run the show for an audience of 1 person several times a day during the week, then if it was my theater, I would join the MP plan to guarantee some cash flow.
I'm going to take a gamble and bet that MP figures it out. Post R/S price here and available financing should get them over the hump, if they don't forget there are working people buying the stock to finance their operations (that one was for you management, tighten up the ship, but hang in there !!!). If MP gets the relation with the theaters worked out, then stock price should be positively affected.
When the T/A DWAC's the stock that was sold over the last day or two, and the MMing firms get some inventory, then the price should bounce nicely.
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