Replies to post #3175 on Helios and Matheson Analytics Inc (HMNY)

[Instrumentalist]

That was to BUY moviepass.

Helios & Matheson reported a loss of $150.8 million for last year, "primarily due to the acquisition of MoviePass," according to the filing. That's compared with a loss of $7.4 million in 2016.
Farnsworth emphasized to Business Insider that the $150.8 million wasn't an entire cash loss for the company.
"Out of the $150 million, basically $110 million is all non-cash — derivative accounting," Farnsworth told Business Insider Tuesday. "The gross loss is only $10 million cash."

[Drosmigs]

That's standard boiler plate "going concern" language any auditor will give to a start up entity that financially looks difficult to overcome with such substantial losses. As a disruptive biz, we are not investing in its current P&L but rather our belief that in the long run, MP can change a dying industry - movie theater attendance.

And Verizon got a million dollars for a "dead pony" and a long shot upside with 9% of HMNY cheap stock - why not take that freebie. MovieFone went from a valuation of over $330 million a few years back to now a value of, frankly, only $1 million plus cheap shares. Why not take that deal? I doubt Verizon has any serious plans for MP - other than a hopefully lucky additional hit for their poor investment of MovieFone a few years back.