Home » General World News » MoviePass has less than two months left before it runs out of cash — and its latest changes won’t save it (HMNY)

MoviePass has less than two months left before it runs out of cash — and its latest changes won’t save it (HMNY)





MoviePass

  • MoviePass’ parent company, Helios and Matheson, has less than two months of cash left at the rate it was burning through its funds in the second quarter.
  • Even if it was able to reduce its burn rate as much as executives have stated, it still would have less than a month’s worth of cash.
  • When it’s run low on funds in the past, Helios and Matheson has repeatedly issued and sold new shares to raise cash.
  • But that tactic may be coming to an end; it already increased its share count by more than 9,000% in the last two weeks, and its read more >>>

    Source:: BusinessInsider.Com

Comments are closed.