MoviePass may be in bigger trouble than people realize (HMNY)
|05/16/2018||Posted by BusinessMediaguide.Com under General World News||
- MoviePass’s parent company, Helios and Matheson, may be in a worse financial position than realized.
- In the first quarter, it lost money at a faster rate than it had previously acknowledged.
- It’s already said it needs to raise additional funds this month, potentially through a stock sale, which would be its third this year.
- But the company appears to no longer be meeting Nasdaq’s listing standards, which could put future stock sales in jeopardy.
Enjoy your MoviePass subscriptions while you’ve got one. They may not work for much longer.