There’s not been much news from the company since then and it’s unclear if it has a role in the new MoviePass countdown.That also saw HMNY stock delisted from the Nasdaq Exchange and make its way over to OTC Markets.The company ended up filing for bankruptcy in January 2020 with plans to liquidate its assets.Helios and Matheson Analytics is the parent company of MoviePass and went through a rough patch last year.That’s where the breakdown below comes into play. Investors that are new to HMNY stock will need to know more about the company. That’s a massive spike compared to its daily average trading volume of 71.8 million shares.ħ Stocks to Buy No Matter What the Treasury Yield Does As of this writing, more than 349 million shares of the stock have changed hands. The MoviePass countdown has investors taking an interest in HMNY stock today. The details are still unknown but the countdown is set to end in about five days. Helios and Matheson Analytics was the owner of MoviePass and may be preparing for something major with a countdown. and Helios and Matheson Analytics wasn't one of them! That's right - they think these 10 stocks are even better buys.HMNY) logo displayed on an iPhone screen." width="300" height="169"> After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*ĭavid and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. It's just that if the reverse split fails, the future will be even bleaker - and probably shorter, too.ġ0 stocks we like better than Helios and Matheson Analytics Honestly, I don't see a very bright future for MoviePass even if the reserve split vote succeeds on Thursday. It's burning cash, burdened with debt, and diluting existing shareholders with abandon through new stock issuances. MoviePass is not profitable, and I've yet to see anyone make a compelling case that it ever will be. The shares might still not be worth a lot, however. Trading Helios stock will become more difficult, fewer investors will want to buy it, and with less demand, the stock price will fall.Ĭonversely, a successful reverse split will at least temporarily keep alive the hope that Helios shares are worth something, and that they could one day be worth more. If shareholders vote down the reverse split on Thursday, and Helios shares remain priced at $0.02 (or less), the stock will almost certainly be delisted. In response, Helios and Matheson stock was up 26.1% as of 1:45 p.m. Glass Lewis said that it is in the company's best interest to reduce the number of shares outstanding in an attempt to raise the share price. ISS said that the reverse split not only might allow Helios to maintain its listing on Nasdaq, but also "the effective increase in the number of authorized shares would enable Helios to satisfy reserve requirements under certain convertible notes." Today, the chances of that vote succeeding increased measurably when independent proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) - which advise shareholders on whether companies' proposed actions are good ideas or bad - both decided that this latest plan by Helios is a good one.
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