The owner of MoviePass tumbles to a new low (HMNY)
|07/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Shares of MoviePass owner Helios & Matheson hit a record low on Monday.
- The company has issued a bunch of new shares in recent months, putting pressure on its stock.
- Watch HMNY trade in real time here.
MoviePass owner Helios & Matheson tumbled to a fresh low of $0.12 a share on Monday, down more than 18%.
Shares were trading at almost $2.50 apiece at the end of April, when the company said it had $15.5 million of cash on hand , but that a “$300 million equity line of credit” would keep it read more >>>