Back when MoviePass first announced its $10-a-month subscription for one movie a day, AMC said the scheme was like "turning lead into gold." Since no alchemist stepped forward to do that for MoviePass, the movie ticketing service's parent company, Helios and Matheson Analytics, has posted a massive operating loss that reached $126.6 million (overall net loss of $84 million) for the quarter ending on June 30th. In the lawsuit, the plaintiffs said the promises the service made "are materially false and/or misleading" and that "there was no reasonable basis to even imply that the MoviePass business model could lead to profitability." Such a massive loss probably comes as no surprise to people following news about the service, given that it has been bleeding cash these past months.
https://finance.yahoo.com/m/b99b5b91-b1fc-3803-8067-3b194f306242/moviepass-owner-posts-huge.html And you put this with SIRI and others..I really wasn't going to post anymore but the BS is to deep..Dow news feed yesterday even says they are going to continue to raise capital. How you ask..Selling new shares into the market...Who here is green? When SIRI was .05 I also got GGP at .60 and FITB at 1.08 2008 the country was in bad shape with folks losing their homes.. This isn't 2008 and there is no merger.
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