Tomorrow is IT! 8/15 Change Over Day!

Tomorrow will mark the beginning of the end of the Moviepass slaughter. The hogs will be eliminated. The Wall Street crowd will see impressive stickiness to the service, sub numbers will be surprisingly resilient.

It will be a long battle still, but the good guys are going to win. The service will be freed from the socialists who were bringing it down. Cash Burn will dwindle toward zero. HMNY will no longer be hostages to the thieves of Wall Street.

The tables will turn quickly. When you don’t need money, everyone wants to loan you money. The dilution will slow to a trickle. The shorts will cover. The greed of Wall Street will kick into high gear snapping up shares on the cheap.

The snarky nasty media will change their tune as fast as they did the time before. Sins of the MP past will be forgotten.

Theaters starving to get that good Moviepass hit will come to partner. Films looking to buy an audience will come knocking. The platform will grow. Exclusive content and experiences will excite the masses. A new entertainment company will be born.

Mark tomorrow on your calendar.

8/15 Change Over Day!

It shall be remembered by all!

Amazing- Very Odd Experience at Theater Today

I went to my local theater today. It was fascinating to see a crowd of people waiting for the theater to open at 11 AM so they could check in to see Mission impossible today. Many people were checking in for the later shows they had taken time off work or way from their busy day just to get the MoviePass deal. I talked to several people in the line about their overall experience. Most were still pretty upbeat about movie pass. The people in line who had not bought movie pass all said they were still considering it there were less of them then there were movie pass customers waiting to get in.

Everyone in the line agreed that they should send email to this local theater named Fairchild cinemas and asked them to partner with MoviePass to provide eticketing options.

All were excepting of the new three movie limit. Everyone agreed in this large group but it was a better deal to have movie passes and to not have it even with the current restrictions. This visit maybe much more optimistic about moviepass’s future. Social media complainers getting unfair amount of Voice. They were still a very large and willing audience for MoviePass people want to save the money and they want to go to the movies. I expect movie pass subscribers will be higher than I thought and churn will be lower than I thought.

Everyone in line easily got the concept that seen one movie in the month paid for the MoviePass subscription and it was well worth it.

I encourage folks who are interested in MoviePass and HMNY To go out and do your own field checks. I think you’ll be surprised to see how eager people are to except the new MoviePass plan.

apologize for the typos here. I did this entire post using voice recognition software. It works pretty good but it is not flawless.

One of the cool things I noticed when checking in was people were actually really excited to get the deal. Almost like ThanksgivingDoor buster prize. It was amazing and sort of a odd all at the same time.

updated: The time I wanted sold out already. Crazy.

The 9:25 and 3:05 only times left.

It’s a bit of a game now. But I think they will find players.

HMNY Naked Short Selling – Walked Down Share Price – Total Manipulation

It is easy and plainly obvious that HMNY has been a victim of a vicious Naked Shot Sell attack. The SEC has been notified- and as of yet has done little or nothing to stop it. Why? The SEC is weak and under-resourced to deal with the 100’s of Naked Short Attacks that happen every year.

Here’s a site that explains in extreme detail what Naked Short Selling looks like. Ask yourself, do you see similarities with HMNY?

Here’s a few quotes if you don’t want to click over.

Only a motivated enforcement agency with subpoena power and an accompanying powerful enforcement infrastructure can prove that naked shorting is at the heart of an extensive stock manipulation scheme. However, I believe that the observational evidence is overwhelming that naked shorting practices are widely used to manipulate the stock prices of emerging biotechnology companies as well as many other small and large companies. Unfortunately, naked shorting is an investment variable that investors must understand if they are going to make investments in the emerging biotechnology space in particular and the equity markets in general…..

….started developing my website and its content about four years ago. As I gained more experience, I was startled to find that there was another very important force at work on these companies that was apart from the fundamentals that I was focused on. One would expect a high level of volatility in the stocks in which I specialize. However, this could not always explain the demoralizing collapse of a meaningful number of stocks that I am involved with following some news event.

Suddenly and without a major change in the fundamental outlook, I would see stock prices cut in half in a short period of time. During this time there was invariably a steady day by day price erosion (naked shorting at work) accompanied by an unending stream of contrived negative news flow that was demoralizing to me and other investors.

In order to give more insight into what a naked shorting attack might look like, I have put the predictable elements of a typical attack based on my experience in living through a number of them on separate companies.

• Shorts like to target emerging biotechnology stocks that are engaged in high risk drug development and are not widely covered by quality research analysts.

• The initial and subsequent attacks are almost always triggered by some news event. Obviously, the shorts seek out negative news or an event that creates uncertainty. However, sometimes an attack can be based on a positive news event which the shorts spin to make it appear negative.

• Using the ready platform afforded by the internet and social media, a blogger associated with the shorts goes to work with a negative interpretation of an event. These are usually not sophisticated analyses and are usually limited to one or two pages of text which is invariably one-sided and unbalanced. These are meant to provide “intellectual” reasons and cover for the short attack.

• The most prominent of these bloggers usually have no backgrounds in biotechnology analysis or expertise in the science. I believe that in many cases, hedge fund employees actually write the articles which are cut and pasted into the comments of these bloggers.

• The heart of the naked shorting scheme involves a group of hedge fund traders conspiring to steadily knock out offers for the stock and to trigger stop loss orders (This is explained later in this report). This is called walking the stock down. The power of these conspiracies is striking and in many cases allows the shorts can largely determine the price that they want the stock to trade at.

• The stock weakness gives legitimacy to the contrived negative blogs. The idea is to create fear and uncertainty among investors by making all news events appear to be negatives and to fabricate new issues that the shorts hope will demoralize investors.

• The first time I came up against this, my thought was that the blogger was someone who was just more cynical about the chances for success and had an opposite point of view from mine. This is understandable and common in research analysis. I wrote a respectful rebuttal to their argument.

• I thought that after their rebuttal to my rebuttal, this would end the discussion. We had expressed our opposite points of view, would respectively disagree and move on. This had mainly been my experience in my Wall Street days as an analyst when I disagreed with another analyst. I was wrong.

• The situation quickly escalated. In the rebuttal, the blogger accused me of being stupid, deceitful and being paid by the Company to write positive comments.

• In this case, over 20 articles were then written in a period of a year. Usually, they were timed to a press release and regardless of the news and without exception, each was interpreted as a major negative. A major strategy was to argue that management was lying to investors and manipulating the stock.

• The stock would go down on good news, bad news and uncertain news. One of the pillars of stock manipulation is to make good news appear to be bad.

• The blogger was indifferent to truth and actually would make up information that was factually incorrect. When made aware that the information was wrong, he/she would ignore it and even repeat it in later blogs.

• There are a number of bloggers who participate in these attacks. Many of these bloggers appear to work together and coordinate their negative attacks. It is striking that many of these people have connections to one another. Many of them were trained at a well-known blogging site that was founded by hedge fund people.

• Sophisticated use is made of the Internet and social media. Twitter is used to signal that an attack has begun.

• Shorts are well connected to mainstream media and are adept at getting them to unwittingly participate in the scheme.

• Vicious attacks are launched on writers who might have an opposite but hopefully more well-reasoned and balanced view. The usual line is that they are being paid by management to write positive articles.

• Seeking Alpha has become very friendly to articles supporting short selling and is used extensively by the hedge funds. The site actually promotes as one of its favorite authors a person who writes only negative attack article on companies in which he claims that managements are lying and paying authors who have a positive view on the Company. In his disclosure, he states that he shorts stocks, then publishes a negative article on Seeking Alpha and states that he may cover immediately after the article is published. This seems to meet the definition of a pump and dump scheme. He also acknowledges that he is collaborating with other short sellers. I think they contribute the information for most of his articles

• Seeking Alpha allows articles to be published by anonymous authors. These articles are often extremely bearish and are almost certainly written by people at hedge funds.

• Hedge fund create pseudonyms and publish on a daily basis negative comments on message boards like Yahoo and Ihub.

Does this sound familiar to Investors of HMNY? Of course it does! Shorts will bash this article and they will howl that MP never had a chance! The business model was fundamentally flawed. Etc etc. The fact is the shorts have manipulated this stock knowing it would massively harm the proposed business plan. It has worked and the company has been forced to change direction. Something they always had the ability to do anyway. The 8/15 change over to 3 movies a day will start the ticking time bomb yet again. If a moment comes where HMNY does not NEED to dilute the stock to keep up with cash burn, this stock may control its own destiny. And only then can MP and HMNY potentially turn the game around.

But wait there’s more!!! The players in HMNY have done all this before in a well-documented case with a stock called MAXD. Here is a detailed explanation of how it was all done. Don’t want to click – here’s an excerpt:

643,662,180 Knight/Virtu,

154,447,100 Cantor Fitzgerald,

203,762,081 Canaccord Genuity,

769,731,954 Citadel,

<<<<(You should recognize these players!!!)>>>>>>>

247,276,817 Trade/G1

Highlighting these Market Makers abusive activities in-concert with each other for just the one month of May, allows regulators, the SEC, FINRA, the U.S. Attorney as well as the media to easily identify the manipulative trading activity and counterfeiting of MAXD shares engaged in by their traders for the past year and well beyond. When overlaid for the entire year (back to June 1, 2017) the math is shocking. 8,117,878,650 total shares have been shorted representing in excess of 40% of MAXD’s total trading volume and it demonstrates that these market makers have knowingly participated in manipulative trading practices and counterfeiting of MAXD shares.

Again looks familiar…here’s more MAXD is actually trying to fight back.

“MAXD is making this report available to the investment world to create a substantial short squeeze opportunity with the goal to return to its shareholders the massive amount of equity stolen by unscrupulous market makers.”

I encourage all HMNY investors to fight back! Canaccord and Citadel have been colluding to walk HMNY down for almost 100 days now! This is coming from the same company that Ted is using to absolutely flood the market with new ATM shares daily!! This has been an absolute scam on ordinary shareholders. A theft of massive proportions played out by criminal Wall Street bankers who played Farnsworth like a total fool.

Want to fight back call FINRA at 240-386 5105

Or send email to sewall.lee@finra.org who has already begun looking into this case and has an open file. He is aware of Robinhood misrepresentations on Share usage as well.

If you have lost money on this stock and want to see it properly protected from illegal manipulation, do your part! Take some action!

While MoviePass Service Appears to be in Total Meltdown – A Possible New Connection with Giri Devanur & Morgan Stanley – Robinhood done screwing the poor?

Well, it feels like we are on the edge of the HMNY edge this fine Monday….The ONLY movie available in my entire area is Slender Man.  As many others have said, I wouldn’t bother seeing it, and critics have panned it.

Robinhood has called it quits on MP.   They claim it is because they now benevolently want to save customers from themselves.  That’s hilarious to me, NOW they want to save them!! after a 99.9% wipeoutNOW they are ready to help!! HA HA HA….   NOW they are preventing the lotto ticket.   Imagine the disgust if MP short squeezes and RH customers can’t buy.  That would be one of the best stories ever.

Oh – and BTW on Robinhood, there is plenty of chatter that RH has been making a fortune off their users by providing MP shares to Naked Shorts! via their dark pools.   Maybe the SEC got to them and told them to knock that shit off, so they said screw it, we won’t offer the stock now.  Who knows??

But let’s face it, if RH were going to make a call on this, it would have been nice to do it before the 250 split, and sure as hell would have been nicer of them to forgo making gobs of money in dark pools with Robinhood held HMNY shares. 

Yep! Robinhood is crooked as hell – but we all know from our Moviepass experience – you can’t get something for nothing!

Oh hell – this is a Monday, in a small town, but with plenty of different theaters and I have the yearly MP subscription.   This is the first time I have seen the meltdown this bad here.  I know others in large cities have seen this, and I now see first hand how silly the service is when it is just impossible to use.

I seriously can’t see anyone wanting to hang on to the service if it is anything like this after the big 8/15 switch over.   I am guessing they are on the razor’s edge of a total $$$ meltdown now.

If they survive – and I do think it continues to be a pretty big IF, it will sure be interesting to see how many subscribers they end up with after the transition.   If they keep 2.5 Million, that is a respectable number.  Anything south of 2 Million I think pretty much kills any lingering dreams of a stock recovery.   And by recovery, I don’t mean back to the pre-split 4-8$ range.  I don’t see that happening – ever.

For my regular readers.  Giri Devanur contacted me, but then went dark again immediately.

I am not sure what to make of that.

Another connection has come up with Morgan Stanley – who also filed a small position with the SEC, and with Giri Devanur’s company runs.com.   I don’t know what to make of this so I will share the screenshots and you can judge for yourself if you think there is any connection to the Giri and Morgan Stanley filing coincidence.

It is weird that this connection exists here.   Are these guys loading up on the cheap?  Do they know something we don’t know?

Do Mitch and Ted have folks ready to jump in if the sub numbers don’t totally collapse after the 8/15 Changeover is finished?

One thing for sure, the cash burn must be way-way way down.  I mean when you have an unlimited movie service with no movies, it’s a little like the old BlockBuster subscription and you would walk in on a Saturday night – surprise!  Only Slender Man is on the shelf!   🙂

Will they survive the week – probably – we have not seen another loan shark deal filed.    Will they survive the month – who knows.   The longer they do survive, the more likely they will!   I guess…

You can’t make this shit up, never in history has there been a stock like this.   And there may never be again!  We can hope….

Oh and hey – whatever happened to that Moviefone deal!

And yes – “how did they do that” . ….

The best article I have seen to date on why MP blew it on hogs and scammers. Unbelievable. Bad apples.

Hilarious New York Post Response from John Crudele

Updated with a new link to this excellent story from Buzzfeed. If you don’t see this as dark side of humanity… I can’t help ya

I guess I got under John Crudele’s skin a bit at the New York Post. He dedicated his lame little column to me! :-).

He edited my letter to him to make him look better. But he is a weasel, so I didn’t expect anything better from him.

My point was pretty obvious, a small percentage of hogs of Moviepass were ruining the service for everyone. They were taking delight in it, and it was IMO an ugly side of human behavior.

In Crudele’s sick world if you have health insurance, you should use it to the maximum amount. Hell, you should probably eat bad, smoke and not exercise so you can milk the maximum benefit out of your policy. Heart bypass is expensive and is included- so load up!!

If you hit the all you can eat lunch at the local restaurant, starve yourself beforehand and make sure you ONLY select the most expensive things offered. At the salad bar, blueberries are spendy, load up only on those suckers for sure! And if you can get away with it share your plate with others. It’s not your fault that they have lax security at the buffet- take all you can!! And if you boorish behavior means that there are no blueberries for anyone else. Screw those people! You paid for all you can eat. And if the restaurant ends the buffet because people like John, too bad, they had a crappy business model, they should have never offered blueberries to pigs!

Police and Fire services are also unlimited. In John’s twisted world it makes sense to call them for just about anything you can. Need a ride to the doctor – call 911. Neighbor playing music a little loud – call 911. Who cares if it clogs the system and others might be harmed as a result. John paid his damn taxes and he is ENTITLED to his services! Screw everyone else! Right John!

In the area where I live, the irrigation water is unlimited for a flat fee. Neighbors here try to be considerate and not over water their lawns just because they can. They have even agreed on a schedule that works to keep water pressure higher for everyone on the system where different houses water on different days. It works rather well. And yes the water company is private and they do make a profit.

Unfortunately there are a few John Crudele’s in the neighborhood here too. They water everyday, wasting most of it, they give their neighbors the finger by sprinkling their grass on days when they are not supposed to be watering.

Around here we call those people selfish assholes. That is pretty much the same thing I call John Crudele. 🙂