My final post on HMNY and apologies to those who invested in HMNY. The company is indeed being delisted from the NASDAQ today and moving to OTC. It is rare for a company to come back from this type of episode, and even more rare that stockholders won’t be totally cleaned out even if they do return.
Here’s the official news.
I learned a lot on this one. I will now file it away in my never ever ever again pile and move on.
It’s a shame, but these things happen when you take a big risk. I wish it would have turned out different. So many obvious mistakes, and so easily prevented. Farnsworth was always a scumbag, but Lowe also falls to a new level of scam artist.
OTC is not the very end, but it is in my opinion close enough to call it. I did not liquidate my position as it was so small it was no longer even a rounding error for my account. Also I said I would stick through this for at least 5 years, so I will hold that commitment.
I don’t expect any miracle. This is death for HMNY and likely Moviepass as well.