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Re: StockItOut post# 15004

Monday, 08/06/2018 2:46:15 AM

Monday, August 06, 2018 2:46:15 AM

Post# of 52224
From what I understand HMNY said no. Also, knowing Ted Farnsworth's history and him as a person, how he treated all the other failed companies and how he'd rather see his stock with other companies go to zero and not sell any, it is my educated opinion that he will let MoviePass burn in failure in the name of him being an entrepreneur instead of handing it off to someone else, even if for a little sum of money (unless it's for like $500 million or something), and be the laughing stock for AMC. His hatred for AMC will not let him lose by letting AMC laugh at him. Having MoviePass succeed under some other management means he loses face to AMC. He won't let that happen.

All this pump did was buy HMNY 1-2 days to dilute more, and is counter-productive against the takeover.