August 7, 2018
Helios and Matheson Analytics, parent of fiscally-challenged MoviePass, has a market cap of just $118,600 with shares worth 7 cents each. The stock traded more than 308 million times Aug. 7 as day-traders played ping-pong attempting to glean incremental gains on a penny stock.
That didn’t stop subsidiary MoviePass Films from announcing its first feature film production, 10 Minutes Gone, starring Bruce Willis.
The veteran actor plays a man who loses 10 minutes of his memory after being hit by a stray bullet in a bank heist gone wrong.
10 Minutes is the first original production since MoviePass Films acquired indie studio Emmett Furla Oasis Films last year. Previous MoviePass Films deals including acquiring distribution rights to heist drama American Animals and John Travolta’s Gotti biopic.
Filming is set to begin in September.