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(L to R): MoviePass CEO Mitch Lowe, John Travolta, and Helios and Matheson CEO Ted Farnsworth

MoviePass walks back its claim to be ‘profitable’ and declines to say which investors ‘did well’ during its 99.99% stock drop

MoviePass has walked back claims by its parent company's CEO, Ted Farnsworth, that the movie-ticket subscription service is "profitable."
MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth

MoviePass executives are making one more last-ditch effort to save the stock from getting delisted

Just two months after withdrawing a similar proposal, MoviePass owner Helios and Matheson is again seeking investor approval to reverse split its shares.
MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth

MoviePass could be delisted from the stock market soon. Here’s what that could mean for the company and its beleaguered investors

Helios and Matheson had until Tuesday to get its stock above $1 a share. It failed. That's put it in danger of being dropped by the Nasdaq in the near future.
Mitch Lowe, CEO of MoviePass, whose parent company was warned this week by the Nasdaq that its stock faced imminent delisting from its market.

MoviePass’s parent company is in dire danger of having its stock delisted by the Nasdaq

Nasdaq gave Helios and Matheson 180 days to get its stock back above $1 a share. It didn't, and Nasdaq doesn't believe it will.
Mitch Lowe, CEO of MoviePass, whose parent company reduced its outstanding debt on Tuesday.

MoviePass’ parent company just bought itself more time to live, but it’s still in imminent danger of being kicked off the stock exchanges

Helios and Matheson, which owns MoviePass, reached an agreement with its creditors to reduce its debt and cancel all of its convertible notes. But it still faces delisting from Nasdaq, and soon.
Ted Farnsworth, right, the CEO of MoviePass parent company Helios and Matheson, with Rod Vanderbilt, and Mitch Lowe, MoviePass' CEO.

After losing 99% of its value, MoviePass’ parent company is getting ready to ask shareholders to support its CEO and approve his pay

However, Helios and Matheson — which bought MoviePass in mid-2017 — declined to try again to get investors to approve a reverse stock-split proposal.

MoviePass’ parent company is delaying a shareholder vote on its reverse-split plan — again

Helios and Matheson investors were supposed to vote on the proposal on Thursday. Now the vote won't happen until November 14.
MoviePass CEO Mitch Lowe and Helios and Matheson CEO Ted Farnsworth.

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

On Tuesday, MoviePass' parent company, Helios and Matheson Analytics, announced a "preliminary plan" to spin off MoviePass into a separate public company.

The parent company of MoviePass just gave another indication that shareholders are balking at its plan to reverse split its stock

Helios and Matheson, which owns MoviePass, just hired a second company to solicit investor votes on its plan to boost its stock.
MoviePass invested in the film "Gotti"

Some MoviePass investors are cheering on a new government investigation into the company’s finances

MoviePass parent company Helios and Matheson is being investigated by the New York Attorney General, who is probing whether the firm misled investors. Several shareholders interviewed by Business Insider applauded the move.