Helios and Matheson (MoviePass) $HMNY

Helios and Matheson Analytics Inc., ticker $HMNY, has been on our radar since their announced aquisition of a majority stake in MoviePass in August 2017.

HMNY is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. Helios currently owns approximately 92% of the outstanding shares (excluding options and warrants) of MoviePass Inc., the nation’s premier movie-theater subscription service. Helios’ holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. Helios is headquartered in New York, NY and listed on the Nasdaq Capital Market under the symbol $HMNY.

The 52 week high/low: $38.85 – $0.18 (today)

Is it worth taking a punt?

We think so.

Lots of very smart and connected people involved with very very deep pockets.

The idea is good, has 3 million users and is on track to have 5 million by year-end. The company has reiterated it will break even by Q4 2018.

The share price will be very volatile and a reverse split will likely be needed to satisfy minimum NASDAQ listing requirements.

This is no doubt a risky bet. Be nimble. If the shares move up 100% in a day or two, take your profits. Don’t be greedy. There will be plenty of opportunities to buy, sell and re-enter.

We see the shares at $1.25 by year-end 2018.

Happy investing!

 

 

 

Contrarian's Mind

Born in Toronto Lived in Nassau,Bahamas - Palm Beach,Florida - Las Vegas,Nevada and now residing in beautiful Barcelona,Spain. I back bright entrepreneurs with big ideas related to Artificial Intelligence, Machine Learning, realtime platforms and price discovery. Make everyday remarkable!

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