So given that helios Matheson owns about 90% of movie pass and it’s stock has dropped exponentially to around 9 cents is there a probability of a take over? Does the capital structure allow for a hypothetical activist to buy all the shares outstanding , spinoff movie pass along with the majority of the debt or sell it to the highest bidder , and keep the rest of HMNY as a holding company for the other companies they own. Or maybe even take the company through bankruptcy and help restructure it , kinda like Bill Ackman did. Has anyone looked into the legalities of some type of hostile take over event in this company? It wouldn’t take that much capital to pull it off at this point. P.s also posted this on r/investing
Submitted July 24, 2018 at 01:53AM by luigie88 https://ift.tt/2LGhL4c
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