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)
|08/19/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>