5, investors (and moviegoers) can infer from the early repayment that MoviePass once again has enough cash in the bank to keep its business running - at least for now.
Given that Helios got this loan because it needed cash to pay the movie theaters for the tickets its subscribers have been buying, and given that it wasn't obligated to pay back the final tranche of this loan until Aug. The good news is that in a Securities and Exchange Commission filing this morning, Helios confirms that it has paid back the entire $6.2 million amount of the IOU it took out from Hudson Bay last week. Will MoviePass survive? Fans hope so, as should the film industry.
