Mass Hysteria Entertainment Company Inc (OTCMKTS:MHYS) shares were flat on Tuesday at $0.00010 and unchanged in after-hours trading. The company has a market cap of $850,570.00 at 8.51 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.
Mass Hysteria Entertainment Company Inc is a multi-media entertainment company that produces feature films for theatrical, digital versatile disc, video on demand and television distribution with an interactive component for commercial, documentary and educational film market. It is focused on creating original interactive theatrical films and second screen experience for non-Mass Hysteria films.
The company is also involved in creating film and television projects, developing a mobile application that allows the user to interact with the film in live time through web-enabled smart phones offering a range of in-movie features, including gaming, texting, contests and additional content.
In a press release this week, Mass Hysteria Entertainment Company Inc announced that it is working on two new feature films for possible production in 2017. One movie is called “Gunfighter” which is billed as a modern day “High Noon.” The company is still in late stage negotiations with a major studio to pick up the North American rights and is lining up the cast. Keoni Waxman who previously worked with the company on “End of a Gun” is slated to direct while Mary Aloe and Dan Grodnik will be producers.
The other movie is called “Just Heloise” which is a European romantic comedy written by Randy and Perry Howze. This is set to be filmed in the fall in Cologne, Germany and Paris, France in partnership with Eslani Film, which the company previously worked with on on the movie, “55 Steps” starring Helena Bonham Carter and Hilary Swank. The movie is still seeking a director but will also be produced by Dan Grodnik, along with Anita Eslani.
I am delighted to announce that we are working diligently on these new titles,” said Daniel Grodnik, CEO of Mass Hysteria Entertainment Company Inc. “2016 was a difficult year for the Company and it’s our hope that these movies will signal a new beginning for the company.”
In fact, the past three years were particularly difficult for the company as it struggled to keep up with competition. Back in 2013, Mass Hysteria Entertainment Company Inc announced a joint venture with 22 Social Club Productions for the live broadcasting of events but nothing happened on that front for an entire year. In 2015, the company announced a partnership with AFFIRM films, which is faith-based segment of Sony Pictures Worldwide.
Latest company filings indicate that it has borrowed quite a lot of money through convertible notes over the years so it isn’t exactly on strong financial footing. Its recent ventures and attempts at diversification have fallen short so it could be hanging on these next two films to stay afloat.
DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.