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Well, the stock sure seems valued like that. I haven't done much research into the numbers (only popped up on my radar a while ago) but the CEO said they have

Well, the stock sure seems valued like that. I haven't done much research into the numbers (only popped up on my radar a while ago) but the CEO said they have access to $300m worth of capital (i.e. debt) + the service would be profitable at 5m users. Burn was supposedly reduced by 30% since introducing that recent change. Which would give them approx. 15-20 months to execute their strategy in the best case. On the off chance this one does work out, this will likely be a 100 bagger.

imustbeevil 8y ago
> On the off chance this one does work out, this will likely be a 100 bagger. This company will likely go bankrupt. On the off chance it doesn't go bankrupt it will likely not increase in value 10,000%. Movie theaters already have access to what movies people are seeing. They also have control over the ticket serving infrastructure. Moviepass literally exists because movie theaters don't want to waste their own money finding a profitable balance for subscriptions. So they'll let Moviepass burn 300 million validating the idea. Worst case scenario, it's a bad idea and movie theaters lose nothing, best case scenario its a good idea and they offer the service themselves.