spronk
FPS noob
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MoviePass Backer Plunges After Warning Service May Not Make It
Helios & Matheson Analytics Inc., the backer of the controversial $10 MoviePass subscription, fell as much as 21 percent after warning the money-losing cinema service may not make it.
Helios boosted its support for MoviePass to $11.5 million from $5 million as part of an August deal to acquire a majority stake, according to a regulatory filing. At the same time, Helios said MoviePass’s auditors are expected to warn of substantial doubt about its ability to continue as a going concern.
no surprise there, I just hope it can last another few weeks. Already seen over 15 movies with my card and banked lots of reward points so I'm happy for however much longer they can stay alive.
Helios & Matheson Analytics Inc., the backer of the controversial $10 MoviePass subscription, fell as much as 21 percent after warning the money-losing cinema service may not make it.
Helios boosted its support for MoviePass to $11.5 million from $5 million as part of an August deal to acquire a majority stake, according to a regulatory filing. At the same time, Helios said MoviePass’s auditors are expected to warn of substantial doubt about its ability to continue as a going concern.
no surprise there, I just hope it can last another few weeks. Already seen over 15 movies with my card and banked lots of reward points so I'm happy for however much longer they can stay alive.
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