Here's the story - HMNY ( Helios & Matheson Analytics - the parent company of MoviePass) is owned by an Indian company that filed for bankruptcy in 2016 and then re-emerged with MoviePass in the US.
The entire thing is probably a giant money laundering or tax evasion scheme.
The entire thing is probably a giant money laundering or tax evasion scheme.
https://www.moneylife.in/article/helios-matheson-liquidated-...
https://www.insider.com/moviepass-owner-emerged-from-indian-...