MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip t

MoviePass has repeatedly said it's not worried about sustaining further losses because it has a $300 million "equity line of credit" that could keep it going for over a year. Financial experts, however, say the financial instrument described by MoviePass CEO Mitch Lowe is not what is generally considered to be an equity line of credit and is subject to the whims of the public market. To access that money, MoviePass will have to convince investors of its long-term viability and potential for...