Home » General World News » Even after massively diluting its stock, MoviePass’ parent company could issue billions of more shares, and there’s little investors can do about it (HMNY)

Even after massively diluting its stock, MoviePass’ parent company could issue billions of more shares, and there’s little investors can do about it (HMNY)





MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.

  • Helios and Matheson, the parent company of MoviePass, has already massively diluted shareholders by issuing hundreds of millions of shares.
  • But investors could see a lot more dilution to come.
  • The company has the authority to issue billions of additional shares and has shown that it will sell stock to fund MoviePass’ ongoing losses.
  • The tactic could come to an end if the company’s stock gets delisted or if it hits a cap on the number of shares it can issue.

Be warned, MoviePass investors: your shares may soon be worth even less than they are now — at least in terms of read more >>>

Source:: BusinessInsider.Com

Comments are closed.