Updated at 3Pm Pt to reflect Wednesday trading.
The stock of MoviePass parent Helios & Matheson has gone into free fall, with two days of steep drops leaving it at an all-time low of 79 cents a share.
In an SEC filing Tuesday, the company disclosed that it had only $15.5 million in available cash at the end of April, plus $27.9 million on deposit with merchants.
Even though the available funds total $43.4 million, that’s not much more than the company’s monthly expenses…
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