[mancerayder]

Well the company had vague promises of utilizing the vast subscriber base and information to sell to third parties.

As an amateur stock picker, I've been on the sidelines watching the back and forth commentary on this company (Helios and Matheson) and MoviePass since it was (I believe) in the 30's.

It seemed like everyone knew from the get go that the model wasn't going to turn a profit, but they were hoping for some of the other stuff to generate a return somehow (the information being valuable).

The stock price partially is because a Netflix co-founder is behind the company. However, part of me wonders whether it was a pump-and-dump scheme.