Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

Agreed. Ted knew from the beginning he would milk shareholders dry in order to make MoviePass succeed. That's called misleading shareholders.
They kept the lies up, one after another, until shareholders finally saw what they were really doing. Well, some saw it already and tried to warn the others. The majority didn't want to believe.

The other mistake they made was instead of letting the stock price appreciate and only scalping enough and letting the stock price continue to rise, Ted let AMC get to him so they started pushing for MP subs to fight a war with AMC, at the expense of shareholders of course. So then they just kept milking shareholders. It became a self-sustaining positive feedback loop where each annual sub they acquired at cheap amounts, simply became a financial nightmare months down the road. Ponzi Scheme is another word for this.

If they had just let the growth rate go slower, at $9.95 without any discounts, and limited abuse, the stock price would have appreciated more, and they could have sold LESS shares for MORE money. These clowns can't seem to think logically.