Dear John. I am extremely disappointed with MoviePass’ business ethics. I paid the annual fee, although I do understand the flaw that you point out in its business model.

But if it needed to cut back or place limitations on privileges, I think the ethical thing to do would be to impose the new rules on new subscribers only. Let me live out my agreement.

Flashing a new agreement that limits movie access on my app as I am hurriedly trying to find a movie only led me to agree to something I did not understand. The worse part is, I agreed to something where I am not given a choice not to accept! RDL

Dear RDL: The problem is simple. MoviePass, because of its bad business model, now finds that it can’t pay its bills.

I also noticed a severe cutback in the movies offered.

Yes, living up to its contract with you and me would be the ethical thing to do. But if the company goes bankrupt, the law in bankruptcy courts trumps ethics.

I think you and I would be considered unsecured creditors. We get zilch.

As for suing, who? The company will be, as they say in the legal biz, judgment-proof. MoviePass will have no assets to attach.

The company thought it was going to be the next Netflix, but it just didn’t work out.