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Re: Hvp123 post# 41168

Wednesday, 05/08/2019 1:15:43 PM

Wednesday, May 08, 2019 1:15:43 PM

Post# of 52241
"Wanna make sure MP is self sufficient before spin off, think its there now, haven’t asked for funds in 4 months
Intl growth on hold since lot of things happening behind the scene here.".

But wasn't that $6 Million just raised by Helios and Matheson, to fund MoviePass?
Form 8-K: http://mysec.hmna.com/MYSEC/documents/html/hmny20190326_8K.htm

Yes, MoviePass itself even had a PR release about Helios raising $6M to fund MoviePass operations.
https://www.hmny.com/press-release/2019/3/26/moviepass-and-moviepass-films-parent-company-raises-6-million-in-new-round-of-financing

-and-

MoviePass new self-sufficiency model:
https://www.businesswire.com/news/home/20190306005479/en/MoviePass™-MoviePass-Films-Announce-New-Strategic-Direction

I seem to remember Teddy Boy also did interviews touting MoviePass having taken no money from Helios and Matheson. Pumping was strong on this board at this time too.

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All this seems to suggest that the MoviePass Entertainment spinoff will not in fact occur.

There has been no acknowledgment from Helios and Matheson, or from MoviePass, about MoviePass's yet-again change of direction, counter to as they both independently previously announced.
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