MoviePass continues to have financial issues. The hedge fund that lent $5 million to parent company Helios and Matheson Analytics Inc. on Friday can demand $3.1 million back as soon as Wednesday. The entire $6.2 million can be demanded on or after August 5th. The note was an OID (original issue discount) meaning that the company borrowed $5 million and will repay $6.2 million to the lender.
This afternoon, the same issue that happened on last Thursday happened again today with the MoviePass app showing that there are "no more screenings at this theater" at locations ...
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