MoviePass business model is failing

[me just sayin]

Look like MoviePass parent company is trying to raise 1.2 billion dollars to stay afloat. Even with all the recent rule changes I cannot see how they will stay in business. It seems their business model is to sell subscriptions and hope nobody uses it.

MoviePass Parent Files to Raise $1.2 Billion to Stay Afloat

Helios and Matheson Analytics, the struggling parent company of MoviePass, filed a registration statement with the SEC to raise up to $1.2 billion in equity and debt securities over the next three years.