Saturday, May 06, 2023 8:54:23 PM
Helios and Matheson (HMNY) owned MoviePass.
Helios and Matheson (HMNY) was liquidated (sold) by the bankruptcy court.
The Helios and Matheson owned MoviePass asset was sold by the bankruptcy court to the highest bidder.
The purchasing bidder is Stacey Spikes.
Stacey Spikes years ago created MoviePass, which operated as a mildly successful profitable operating business.
Stacey Spikes years ago sold MoviePass to Helios and Matheson (HMNY).
Helios and Matheson (HMNY) drove tremendous interest and subscribers to MoviePass, yet at a financial cost and misleading shareholders they and Helios and Matheson (HMNY) could not afford.
Helios and Matheson (HMNY) filed for bankruptcy and shut down, along with MoviePass.
Stacey Spikes, the new and original owner of MoviePass, has brought MoviePass and its movie ticketing service back into operation.
Good luck and success to Mr. Spikes.
© 2023, by StockItOut
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