Helios and Matheson Analytics Inc (HMNY)

[naturalborninvestor]

Lowe is throwing around a lot of conflicting information in the different interviews. CEO will say anything to grab investor's attention. That was his strategy in the past ("90,000 subscriber growth per week" when it was closer to 50,000) and that is apparently still his strategy.


- He clearly states 1 year in the Bloomberg interview
- He also mentions average usage is "just under 2 movies" in the CNN interview, but "close to 1" in the Bloomberg interview. Then he goes on to speculate how they can "get it to 1", namely by focusing on the casual user who visits a movie theatre 4-5 times a year. How is Moviepass of ANY interest to people who spend $40-$50 a year on movie theatres when the subscription costs them $120?
- He also said cutting out the high frequency users will reduce cost of revenues by 40%. How does make that a reduction in cash burn by 60%?
- Sometines he uses past tense as if the reduction had already occured, even though measures are not implemented until August 15th, sometimes he uses undetermined projections.