1. Articles from Jason Guerrasio

    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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      Mentions: Investors SEC Nasdaq
    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 risk MoviePass
    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 Impac Mortgage Holdings, Inc. Announces Appointment of Katherine J. Blair to Board of Directors Fiber Broadband Association Elects New Chair and Board of Directors 2019 Study of Gender Diversity In Private Company Boardrooms Reliance Global Group, Inc. Announces Appointment of Scott Korman to Board of Directors United Technologies Appoints Members of the Board of Directors for Future Independent Carrier Noble Energy Elects Martha B. Wyrsch to Board of Directors