Thursday, August 02, 2018 5:26:20 AM
1. Massive dilution going forward as the stock keeps dropping, into the hundreds of millions of shares and then billions. They can't do a reverse split yet. Look at my prior posts for an explanation. Eventually this puppy will hit the OTC and pink sheets. Their cash in the bank has dropped from high double digit millions to single millions to literally nothing.
2. MoviePass will piss off a lot of subs and get into legal trouble with their current tactics of false advertisements.
3. Dwindling MoviePass sub count from upset subscribers who can't use the service.
4. With no one trusting shady Ted Farnsworth, there'll be no more deep pocket note holders to step in to help. Hudson Bay with their 24%+ short term interest charging loans are the only things available to HMNY.
5. With all the lies spewed by Ted and this garnering national attention, the SEC will be forced to investigate soon. Possible halt to the stock any day now. Anyone who's been in a halted stock by the SEC knows how nasty the feeling is, and how uncertain it is that you'll ever see your money again.
Finally, we have yet to see any details on the 51% acquisition of Emmett/Oasis, which I've already proven mathematically, like all of Ted Farnsworth's other side projects, it's a money-loser, meant on destroying shareholders, for the enjoyment of Ted. I'm not sure how he's getting away with this legally.
https://photos.app.goo.gl/RoBpgFBADsaJ3Do2A
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