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Posts Tagged ‘MoviePass’

MoviePass Parent is Under Investigation for Misleading Investors

The parent company of ticker service MoviePass, Helios and Matheson, is reportedly being investigated for misleading investors. According to a CNBC report, New York Attorney General Barbara Underwood has launched an inquiry to examine the company’s financial disclosures under the Martin Act. The Martin Act is a New York anti-fraud law, which is considered by…

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Can Anything Save HMNY’s MoviePass?

In the past two months, Helios and Matheson Analytics share have declined nearly 99%, dropping all the way from $14.98 a share to $0.01 a share. Just this week shares have fallen over 40% in reaction to the company’s plan to reverse split the stock again.  The proposed split would cut the number of shares…

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MoviePass Parent Loses All Analyst Coverage As it Sinks

The parent company behind MoviePass, Helios & Matheson Analytics (NASDAQ:HMNY), has recently lost the last Wall Street analyst that was offering coverage on the company. Canaccord Genuity analyst Austin Moldow sent an email to subscribers on September 7th revealing that he was terminating his coverage on the stock. Since the year started, shares of Helios…

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MoviePass Parent is Facing Class Action Lawsuit

What had seemed like a fool-proof idea, pay monthly to see unlimited movies at a participating theater, turned to be extremely tough to execute for the Helios and Matheson (OTC:HMNY) MoviePass.  After a hectic few weeks for the management team as well as the shareholders.  HMNY shareholders have come together to file a suit against…

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