Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

If they hadn't been so greedy about just MP subscribers growth at the expense of shareholder, they could have saved this months ago. They should have put a limit back in January and NOT restrict users from seeing movies they are now, and stopped diluting shareholders to nothing. The bottom line is Ted Farthermost doesn't care. Throughout his career, he's never cared about shareholders. It's his nature. It's like trying to make a tiger not eat raw meat. Not going to happen.

Their 10-K clearly states all the scenarios in which MoviePass would fail. Ted knew all of this because he signs SEC filings. He would have read everything. He intentionally kept milking shareholders until one day it was overdone. Now he has no choice but to accelerate the destruction of shareholders while at the same time robbing everyone blind. Mitch is sent on damage control, but even Mitch is now caught lying with Ted.

When trust in management is gone, it's over. The first confirmation of this was in April when Canaccord was only willing to do $30 million. When ATM dilution was announced, that was the beginning of the end. That's when I started warning people. The price tankage has exceeded even my mental grasp. Just amazing.