VIDEO : Rotten Tomato: MoviePass' Parent Company May Be Demoted To A Penny Stock

MoviePass's parent company isn't just having trouble settling on a viable business model. According to Business Insider, the Nasdaq has warned that it would move to delist the company's stock as soon as December 28. Shares of Helios and Matheson have traded below $1 a share for nearly the entire time since May, violating Nasdaq's listing standards. The company had until Tuesday to boost its stock price above that threshold, but failed.