MoviePass' parent wants to spin it off into a separate company, as the government investigates its finances

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MoviePass' parent wants to spin it off into a separate company, as the government investigates the company's finances

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MoviePass to be spun off as a separate public companyLetting go of the beleaguered subscription service could give Helios and Matheson a boost on Wall Street. Lol
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MoviePass to be spun off from parent companyHelios and Matheson shares surged 80% in premarket trading after announcing that MoviePass will be spun off. Bagholders still poor.
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NY is investigating MoviePass parent companyThe New York attorney general is investigating the parent company of MoviePass, a source familiar with the probe confirmed to CNN Business. BrandonxGage PatrickGregg
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MoviePass' parent company has been kicked off the NasdaqHelios and Matheson Analytics, the parent company of MoviePass, has been kicked off the Nasdaq after trading below $1 since last summer.
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The parent company of MoviePass has filed to spin it off following hundreds of millions in lossesHelios and Matheson Analytics has filed with the SEC a proposed a spin-off to make MoviePass its own public company.
Source: BusinessInsider - 🏆 729. / 51 Read more »

CEO of MoviePass' parent company had $7.25 million in stock that's now worth less than $50The CEO of MoviePass' parent company had $7.25 million in stock that's now worth less than $50. via CNBCMakeIt MakeIt MakeIt This is why I follow CNBC. I don’t want to miss out on important news like this. Thanks.! MakeIt And here I thought my 401k was looking rough.
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