Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

As for “new plan, cashflow positive,” Mitch in same interview said:

“I’m of the belief that almost any idea can be turned into a business if you just execute properly, and have enough resources to have the time to refine your model.” — Mitch Lowe

MoviePass has relied upon Helios to fund it. Helios is now dry. Mitch has insufficient money to turn the great idea into a workable business. And, the idea of $10/month for unlimited movies as the company’s central business model just may not be that great.