Helios and Matheson: MoviePass-parent slides on report of NY AG probe

Helios and Matheson Analytics

18/10/2018 13:07

** MoviePass owner's shares  HMNY.O  drop 15.5 pct premarket
and is the most actively traded among U.S.-listed stocks
premarket
    ** New York Attorney General has started a probe into the co
for allegedly misleading investors, CNBC reports, citing a
source  urn:newsml:reuters.com:*:nFWN1WX0YM
    ** Co tells CNBC it is aware of the inquiry and that it has
not misled investors
    ** HMNY's stock has lost nearly all its value this year as
it has burned through cash to support the MoviePass business
    ** Stock is trading at $0.0169 premarket, a far cry from its
2018-high of $2662.50 on Jan. 24 and $9714.36 in Oct last year
    ** HMNY had surged ~91 pct last year and ~137 pct in 2016

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))