Tag Archives: reverse stock split

How did the reverse stock split of Movie Pass’s parent company affect its total stockholders’ equity?

Helios and Matheson, Inc. (NASDAQ: HMNY)  is the parent company of MoviePass, the theater subscription service. MoviePass has struggled to find a sustainable, profitable business model. Its original $10 per month subscription plan allowed subscribers to see one movie per day. MoviePass had to pay most theaters the full price of the ticket each time […]

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