Question: What Does HMNY Mean?

What is happening with MoviePass?

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MoviePass, the subscription service that spent enormous amounts of venture capitalists’ money subsidizing movie tickets in a bid to upend the theater business model, is officially shutting down on September 14th..

Do you lose money with reverse split?

Originally Answered: Do I lose money in a reverse split? No. After the split, you will have 100/5 = 20 shares and new value of shares is $1*5= $5. … Also note that reverse split is usually done to increase the price of the shares as many stock exchanges have minimum price requirements for trading a stock.

Is MoviePass dead?

On September 14, 2019, MoviePass shut down its mobile ticketing service. On January 28, 2020, MoviePass’ parent company filed for Chapter 7 bankruptcy and announced that it had ceased all business operations.

What does Ydo mean?

YDO Stands For:RankAbbreviationMeaning***YDOYouth Development Officer***YDOYuma Development One**YDOYouth Development Organization Scouting**YDOYoung Democrats of Oklahoma Politics4 more rows

Will MoviePass ever come back?

MoviePass, the long-embattled film subscription service, has shut down for “several weeks” in order to complete work on an updated version of its app and to recapitalize for when the service relaunches. … The service shut down on July 4th at 5AM ET, and MoviePass has not announced when it will come back online.

Why did MoviePass shutdown?

On Friday, MoviePass notified remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced.

Is Helios and Matheson going out of business?

The company’ stock was delisted on February 12, 2019, from the NASDAQ and moved to OTC Markets. On January 28, 2020, the company filed for chapter 7 bankruptcy and announced plans to liquidate its assets.

Did MoviePass shutdown?

Theater-subscription service MoviePass officially shut down on Saturday, September 14th, ending the platform’s controversial two-year run as a would-be disruptor of the moviegoing business.

Is MoviePass Dead 2019?

MoviePass, the monthly subscription service that once allowed moviegoers to see one film a day for a discounted rate, will officially shut down starting Saturday, Sep. 14. … 14, 2019, because its efforts to recapitalize MoviePass have not been successful to date,” according to a press release.

Is there anything like MoviePass?

Best alternatives to MoviePass: AMC, Alamo Drafthouse, Regal unlimited – Business Insider.

Does HMNY ever recover?

If it somehow hits 5 or 10 cents then sell quick. there are 2 billion shares outstanding and they are still issuing shares. This stock is never recovering, haha. There’s no chance off that happening.

Who started MoviePass?

Stacy SpikesHamet WattMoviePass/Founders

Is HMNY done?

MoviePass Shutting Down, Parent Company ‘Unable To Predict If Or When…Service Will Continue’ … Helios and Matheson Analytics (HMNY), the parent company of MoviePass, announced today that they’re pulling the plug on the famed monthly movie ticket subscription service which offered unlimited tickets for $9.95 a month.

How did MoviePass make money?

To be absolutely clear: The more subscribers MoviePass signs up, the more money it loses. It pays theaters full price for each ticket, whether a member visits once or 31 times a month.

Is HMNY going out of business?

Referenced Symbols. MoviePass Inc.’s parent Helios & Matheson Analytics Inc. HMNY, +20.00% is set to close its business permanently on Saturday and is considering a sale of its assets, including its Moviefone and MoviePass Films business.