Quick Answer: Does HMNY Ever Recover?

Is HMNY going out of business?

HMNY, is set to close its business permanently on Saturday and is considering a sale of its assets, including its Moviefone and MoviePass Films business.

Shares of HMNY, a reference to the company’s trading symbol, are down 89% so far in the 2019, according to FactSet data..

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 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.

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.

Who started MoviePass?

Stacy SpikesHamet WattMoviePass/Founders