That’s bad news for Helios and HMNY holders. why, because MoviePass is saying they don’t need or want Helios. Helios has been the destructive force and reason why MoviePass has run out of money. Helios is now toxic for MoviePass. Helios has also conveyed as much in its SEC filings. It wants to separate MoviePass into its own company. Problem is, it will still be a Helios majority owned company. And HMNY shareholders will also likely be distributed crap value as a ‘dividend’ share ownership of MoviePass Entertainment.
why are you promoting that as good news? You know we own Helios right not moviepass? That means that moviepass is more concerned with other companies and doesn't care about HMNY. Soon they will break off from HMNY and we will be left with a turd of a company.
Don't invest in a proxy company and wonder why you got screwed over when the real company breaks off from the proxy.