https://www.nasdaq.com/symbol/hmny/historical bag does not look big enough to hold all the loot they stole from uninformed investors. ah, it was wired offshore.
I have never seen a stock reverse split and pretty much fall right back down to the price it was before the reverse split only a few days later! Did anyone short this after the reverse split at $10-$20+ range?
do you think there were any shares available to short by the public? if you think differently please let us know.
So it was actually worse, then everybody thought: https://www.hollywoodreporter.com/news/moviepass-losses-are-higher-previously-disclosed-1194168 The parent company of the subscription movie service restated its third-quarter financial report. MoviePass parent Helios and Matheson Analytics said Tuesday that the money-losing subscription service has fewer subscribers than previously disclosed, causing the firm to restate its revenue downward by 8.2 percent and its losses upward by 7.7 percent. Helios and Matheson said in a regulatory filing that in the quarter ending Sept. 30 its revenue was $74.7 million, down from the $81.3 million it had previously reported. Its loss from operations was $93.1 million, while it previously stated the loss was $86.4 million.
Don't say it is over: https://www.cnbc.com/2019/09/13/moviepass-will-shut-down-for-good-on-sept-14.html MoviePass announced on Friday it’s shutting down the discount ticketing service on Sept. 14. The company informed subscribers that it was ending the service because its “efforts to recapitalize MoviePass have not been successful to date.” Helios and Matheson Analytics, MoviePass’ parent company, said it has formed a strategic review committee to explore a possible sale of all or some of its assets.