Is Helios and Matheson going out of business?
The company’ stock was delisted on February 12, 2019, from the NASDAQ and moved to OTC Markets. On January 28, 2020, the company filed for chapter 7 bankruptcy and announced plans to liquidate its assets.
What happened to Helios and Matheson?
Helios and Matheson Analytics Inc. HMNY, -33.33% , the parent of the MoviePass cinema-ticket subscription service, said Wednesday it has filed for Chapter 7 bankruptcy, allowing a court to sell its remaining assets and wind down all operations.
Who owns Helios and Matheson?
SecurityHMNY / Helios and Matheson Analytics Inc. (42327L200)LEI529900AJAGNXN11U0793Finpedia ArticleHelios and MathesonIndustryMiscellaneous Business ServicesInstitutional Owners16
Who is buying MoviePass?
In August 2017, a majority stake in MoviePass was sold to the analytics firm Helios and Matheson. At the same time, the company announced that it would lower its price for an unlimited plan allowing one film per-day, to $9.95 per month.
Do I lose my money if a stock is delisted?
Though delisting does not affect your ownership of shares, company shares are likely to hold no significant value after delisting. Delisted shares can be a gain or a pain to investors, depending on the calls taken during that situation.
Can a stock come back from zero?
Someone holding a long position (owns the stock) is, of course, hoping the investment will appreciate. A drop in price to zero means the investor loses his or her entire investment – a return of -100%. … To summarize, yes, a stock can lose its entire value.
What is happening with MoviePass?
Share All sharing options for: MoviePass is shutting down September 14th. MoviePass, the subscription service that spent enormous amounts of venture capitalists’ money subsidizing movie tickets in a bid to upend the theater business model, is officially shutting down on September 14th.
What happens to my HMNY stock?
Your stocks are yours until you sell them. If someone bought the company that would mean buying Ted and K. Muralikrishna’s shares.. whoever owns the most shares has majority control of the company.
Where can I buy HMNY stock?
Shares of HMNY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
How much did Moviefone sell for?
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New York (CNN Business) Moviefone, the once ubiquitous listings-by-telephone service, has been sold for just $1 million to an unknown buyer. It was most recently owned by Helios and Matheson (HMNY), the troubled owner of MoviePass, which filed for bankruptcy in January.
Is MoviePass dead?
MoviePass, the unlimited subscription movie service, is finally shutting its doors for good. In a press release published on Friday and first noticed by CNBC , Helios and Matheson Analytics — MoviePass’ parent company — announced the shutdown of the service. …
Why did MoviePass shutdown?
On Friday, MoviePass notified remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced.