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MoviePass' Parent Company Has Flooded its Investors With a 3,000% Increase in New Shares

Business Insider
  • The share price of Helios & Matheson, the parent company of MoviePass, has plunged in recent months amid ongoing losses at the subscription movie service.
  • But something else is weighing down the stock price — the more than 3,000% increase just since August in the number of the company's shares.
  • That dilution is set to only get worse, as the company is seeking authorization to issue even more shares...
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