MoviePass’ owner sinks to a new low as financial struggles linger

Business Insider | 5/22/2018 | Graham Rapier
Mireille (Posted by) Level 3
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MoviePass' parent company, Helios & Matheson, hit an all-time low Tuesday.

The stock is now trading more than 98% below its October prices.

Follow - HMNY - Real-time

Follow HMNY in real-time here.

Shares of Helios & Matheson, the technology company which bought MoviePass in last year, plunged 11% to a new low $0.50 Tuesday morning.

Low - Monday - Week - Declines

The previous low of $0.55 was set Monday following a week of declines.

Shares of HMNY are now trading at less than 2% of their all-time high, set in October, when the MoviePass acquisition was announced.

Company - Month - Month - Cash - Shares

The company revealed earlier this month that it was burning $21.7 million a month, and it said it was down to just $15.5 million in cash. Shares...
(Excerpt) Read more at: Business Insider
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