1. Articles from JasonGuerrasio

    1-6 of 6
    1. MoviePass' Parent Company Admits Investors Can't Rely on Some of its Previous Financial Statements, and Says it Underestimated Losses

      MoviePass' Parent Company Admits Investors Can't Rely on Some of its Previous Financial Statements, and Says it Underestimated Losses
      • MoviePass' parent company, Helios and Matheson Analytics (HMNY), said in a filing with the Securities and Exchange Commission on Tuesday that its previously issued quarterly and year-to-date financial statements were not accurate.
      • The company said the errors related primarily to the "overstatement of subscription revenues" in the third quarter of 2018 for MoviePass.
      • The result was an underestimated net loss for HMNY of $6.6 million, the company estimated...
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    2. MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations

      MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations
      • MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
      • It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
      • Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...
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    3. MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq

      MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq
      • MoviePass parent company, Helios & Matheson Analytics (HMNY), announced Tuesday that it had canceled a special shareholders meeting regarding a vote on a proposed 1-for-500 reverse stock split.
      • The meeting was postponed twice and then canceled because the company said it "does not expect to have the requisite stockholder votes to approve the proposed reverse stock split," according to an SEC filing...
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    4. As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting

      As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting
      • MoviePass' parent company, Helios and Matheson Analytics, has postponed its special meeting of stockholders regarding the vote on a 1-for-500 reverse stock split to November 1.
      • The meeting was originally scheduled for Thursday.
      • MoviePass investors have voiced their displeasure with Helios and Matheson about the proposed reverse split on Twitter...
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    5. MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock

      MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock
      • MoviePass' parent company, Helios and Matheson Analytics, will propose a reverse stock split of up to 1-for-500 to its shareholders in a special meeting next month.
      • It's the latest attempt by the struggling movie-ticket subscription service to not have the HMNY stock be delisted by the Nasdaq in mid-December.

      Next month, MoviePass will try its most dramatic step yet to revive its failing stock...

      Read Full Article
      Mentions: Nasdaq MoviePass Risk
    1-6 of 6
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    MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock As MoviePass Investors Rage Against Management, its Parent Company has Delayed a Crucial Shareholders Meeting MoviePass' Parent Company Has Canceled a Long-Delayed Shareholders Vote, as it Tries Desperately to Stay on the Nasdaq MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations MoviePass' Parent Company Admits Investors Can't Rely on Some of its Previous Financial Statements, and Says it Underestimated Losses MoviePass is Shutting Down Judge Strikes Down Williams Cos 'poison pill' Takeover Defense What Companies can do to Speed up Board Diversity Greg Scheu Appointed to nVent Board of Directors Slayback Appoints Paul Campanelli to Board of Directors General Motors Executive to Join Caterpillar's Board of Directors Credit Union Boards Slow to Diversify Despite Mounting Pressure