The parent company of MoviePass has filed to spin it off following hundreds of millions in losses (HMNY)
|01/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Helios and Matheson Analytics (HMNY), the parent company of MoviePass, announced on Thursday it had sent a registration statement to the Securities and Exchange Commission to make MoviePass a separate public company, which would be a wholly owned subsidiary of HMNY.
- The new company would take ownership shares of MoviePass and other film-related assets held by HMNY.
- HMNY is currently trading under $0.02 per share and is in imminent danger of being kicked off the Nasdaq.
On Thursday, Helios and Matheson Analytics, the parent company of MoviePass, announced that it had submitted a registration statement to the Securities and Exchange Commission for read more >>>