Like many I jumped in and hold an avg at $0.03, with around 250,000 shares. I don't see this ever getting back to that level, but hoping for at least one more pump to get out. My concerns:
1) Stock Buy Back
YES, would be great, but with what money? HMNY is already extended and only revenues come from dilution (or delusion).
2) MP vs HMNY
99.9% of all comments are related to MP and not HMNY. Seems most assume MP is good and HMNY is bad. Would Dollar Shave club survive paying $5 per razor and sold them for $1 each? Of course, but if their subscription cost $10 per month with unlimited razors, it easy to see their breakeven point. Do the math, any sub requesting 3+ razors, Dollar Shave Club loses money. MP pays full price for each ticket, and sub requesting more than 1 ticket MP directly loses money on tickets, this doesn't include any other business related expenses to make the transactions happen.
IMO MP was constructed to lose money on tickets but build a significant pool of movie goer data to then sell. This is where HMNY came in (IMO), but data now appears to be useless (IMO).
3) One Stop Shop for Movie Industry
I don't know enough about the movie industry to add much here, but it seems to me concessions revenue is what drives the majority of movie showings for venues. Production companies make money off selling viewing right show theaters and memorabilia, licensing, etc. a good read on investopedia ended with this:
"" The Bottom Line
As the saying goes, nobody knows anything in Hollywood. The film industry is in flux, and ticket sales alone don't drive revenue. There’s merchandising, VOD and streaming-on-demand sales, foreign sales and a plethora of other distribution channels that can help filmmakers, producers and studios turn a profit. So who knows, the little indie that you invest in could just be the next “Little Miss Sunshine.” Or not. In Hollywood, there are no guarantees.""
4) SPIN OFF
See #2 above. MP can't self sustain unless they begin getting a huge discount on movie tickets, then marking them up to subs for some profit. This will never happen as it appears the movie industry has soured on them (IMO). They swung and missed on data pooling....
I hope I'm wrong. PLEASE let me know where I am incorrect. I'm looking for any silver lining here to continue drinking the cool-aid.
AI
