05-08-2018, 11:28 PM
Looks like MoviePass is going down quickly...
Helios & Matheson, which owns MoviePass, crashed more than 30% Tuesday following a dire financial filing.
The company said it had $15.5 million of available cash and another $27.9 million on deposit.
It also admitted its cash burn was more than $20 million each month.
https://finance.yahoo.com/news/owner-mov...00909.html
Helios & Matheson, which owns MoviePass, crashed more than 30% Tuesday following a dire financial filing.
The company said it had $15.5 million of available cash and another $27.9 million on deposit.
It also admitted its cash burn was more than $20 million each month.
https://finance.yahoo.com/news/owner-mov...00909.html