MoviePass Just Had Its IPO Moment!

Big News! Helios & Matheson is doing another public offering – utilizing their shelf registration.  I view this as  long term positive very bullish.  It looks like Ted Farnsworth is likely seeking to finalize HMNY’s ownership position and fully takeover the company.

Once completed HMNY can officially become MoviePass!  With a stock ticker of MVP (or some equivalent).  This will be positive for the company.   Aligning the name of the company with its primary branded service is a positive for retail investors, and will go a long way to sort out the confusing ownership position Helios and Matheson has had on MoviePass.

Also very important and BULLISH!  – many large money managers and hedge funds have very strict policies banning any investment in passthrough companies.  Once this proxy situation is finally settled, it will allow bigger institutional buyers to more fully participate in MoviePass as an investment.

Think of this as MoviePass’s IPO Moment!

 

 

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