MoviePass just lost $132 a share and it's trading at 5¢

Losses are mounting and cash is running short at MoviePass. Helios and Matheson (HMNY), the owner of the subscription movie service, posted a $126.6 million loss in the second quarter, dwarfing its $2.7 million loss in the year ago period. It lost $132.47 a share. The company's latest government filing also presented a picture of just how rapidly Helios and Matheson is spending money on the service.
Read more: https://money.cnn.com/2018/08/15/news/companies/moviepass-losses-mount/index.html?source=Snapzu