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Helios and matheson stock buy1/17/2024 ![]() But it offers a way for theaters to fill seats and still acquire revenue from concessions and other products while allowing viewers to actually get in the door without paying a steep ticket price that might come with that movie. MoviePass allows users to spend around $10 per month to get one ticket to a movie every day, albeit with some strings attached. At the end of 2017, the company had around $25 million in cash and cash equivalents, according to their last annual report. It was a cash / stock deal for 51 percent. 21 May, 2018, 01.17 PM IST BSE to delist over 200 firms from May 11 The move comes at a time when authorities are clamping down on shell companies. Then I heard that there was a company called Helios and Matheson ( HMNY ) that was interested in buying us. The company acquired a majority stake in MoviePass toward the end of last year. HELIOS AND MATHESON NSE to delist Kingfisher, Plethico Pharma, 16 others from May 30 This comes after BSE delisted over 200 companies from May 11. ![]() (HMNY) stock quote, history, news and other vital information to help you with your stock trading and investing. ![]() Helios and Matheson recorded a net loss of around $150 million in 2017 (attributed to its acquisition of the majority stake in MoviePass). Find the latest Helios and Matheson Analytics Inc. “The Company may also use the proceeds to make other acquisitions.” “Helios and Matheson may use the net proceeds from this offering to increase the Company’s ownership stake in MoviePass or to support the operations of MoviePass and MoviePass Ventures to satisfy a portion or all of any amounts payable in connection with previously issued convertible notes and for general corporate purposes and transaction expenses,” the company said in the release. ![]() Helios and Matheson is the largest shareholder of MoviePass, which is an increasingly popular service for going to watch movies. MoviePass’s parent company saw a sharp decline in its stock price today, with its value dropping around 40% as a result of the announcement. Looking to raise additional capital, Helios and Matheson said it would sell up to $150 million in a stock sale that essentially seems geared to fund MoviePass’s expansion. Helios and Matheson Analytics is looking to push additional capital into its prime and wildly popular asset, MoviePass, by raising money in a new stock sale that appears to be giving Wall Street fits. ![]()
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