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Helios and matheson stock scheduled to1/13/2024 An auditor this year issued a circumspect report about the company’s financial condition and game plan.Įven with all of the uncertainty swirling, the company has continued to make a series of announcements, acquiring Emmett Furla Films and launching a production division. MoviePass says its ultimate strategy is harvesting data, meaning it can sustain losses near term and then monetize the data over time. A host of exhibitors and studio execs have expressed doubts about the company’s viability moving forward, given that its $9.99 monthly subscription price doesn’t cover the cost of the company furnishing the tickets. MoviePass recently surpassed 3 million subscribers to its flat-rate ticketing plan, which bulls describe as a refreshingly Uber-like disruption of the staid movie business, while bears regard it as a dangerous, poorly considered bet that could stain the entire sector. Helios has already been battered of late as its shares have plunged by 98% since last fall on reports of a cash crunch.Īmong the proposals are plans to quadruple the number of outstanding common shares to 2 billion to set a reverse stock split at a ratio of anywhere from 1-to-2 to 1-to-250 and an “adjournment” scenario whereby the company could stall for an additional 30 days to get backing for its stock maneuvers. A delisting would still allow the company’s stock to be traded over the counter but it would be a damaging blow. Nasdaq rules allow for stocks for be delisted if they trade below $1 a share for 30 consecutive days. 2023 Premiere Dates For New & Returning Series On Broadcast, Cable & Streaming
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