The first announcement has been resolved...they didn't/couldn't garner enough votes therefore that particular announcement has been satisfied.

I appreciate the input from the few here that are truly trying to point out the BS that is going on with this company and ticker, thus putting out hard to swallow truths while the others are spewing fluff non sense.

The company owes a lot of people money, and those people (if given the chance) will recoup their money by shorting this POS. It's easier to recoup via short selling verses this stock going up.

They will have to do a high ratio split because a low one essentially does nothing. At 1:500 RS the price would be $8. The decision would then be, do I short this from $8 down to $1 or will this run from $8 to ???, and what would be the catalyst for a run. This has and always will be a short sellers dream...I'm betting the insiders will also take short positions.

I guess we'll find out on Tuesday. LOL.

They are doomed regardless. A reverse won't help them. There are shorts just sitting back waiting for the RS. Ted might as well chalk this up as a lost endeavor. Service sucks, management sucks, the whole operation sucks...it's a pure money grab without any way of turning profits.

Thanks for bring that quote up...

“If the Company is afforded additional time to regain compliance (of which there can be no assurance), the Board of Directors of the Company plans to call a special meeting as soon as practicable with a new record date for the Company’s stockholders to vote on a reverse stock split in an effort to regain compliance with Rule 5550(a)(2).“

Notice the difference in wording...

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

One implies seeking shareholder approval, and the other one says the board will do it.

Wait a minute, the Q4 aka 10K hasn't been released yet. LOL. You meant Q3.

Therefore, the shareholder approval which they talked about in Q3 was sought and failed in Quarter 4. Now they have a full board and will attempt to do one without shareholder approval. Hence the 8k from December 21st..."the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

"Helios intends to find shareholder approval for a Reverse has not been corrected or retracted." IT FAILED; so "corrected" or "retracted" is obsolete.

I don't feel like going through the Q4; can you provide the page and/or the quote from the Q4. I would like to look at how it's written. Thanks.

They don't need shareholder approval...they only sought shareholder approval the last time because they didn't have enough board members to implement it.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145733542

Yeah, like a 1:500 reverse split.

Keep the price range in the .015 - .016 range so the split price will be $7.5 to $8 range. Dropping the 1.67 billion shares outstanding to 3,340,000 shares outstanding...then those shares will be quickly borrowed (shorted) by insiders and people owed money by the company for fast profits from retailers thinking this is their opportunity...all while the stock price drops to/below $1.

Borrow at $7.5, pay back the borrowed shares at $1. Easy short money.

It wouldn't surprise me if shady Ted and the board did the reverse split prior to their Nasdaq hearing just so Nasdaq doesn't ruin their money making scheme.

Notice the wording...

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

Just read a CEO from another MJ company say that he thinks hemp will be $50,000 per acre.

Hopkins County Kentucky has 542 sq miles of land, that's equal to 346,880 acres. Hopkins County is also where Hempistry cultivates its hemp, so Hempistry having access to 23,000 acres of that 346,880 seems plausible. Hope a reverse merger happens soon.

https://en.wikipedia.org/wiki/Hopkins_County,_Kentucky

https://www.prnewswire.com/news-releases/hempistry-to-accept-bids-for-ultra-premium-high-cbd-kentucky-hemp-crop-harvest-now-underway-in-hopkins-county-kentucky-821838742.html

https://www.prnewswire.com/news-releases/sugarmade-launches-industrial-hemp-and-cbd-initiative-844572646.html

"On December 19, 2018, the Company received a written notice from the Staff that the Company has not regained compliance with Rule 5550(a)(2) and is not eligible for a second 180-day period because the Staff determined that it does not appear that it is possible for the Company to cure the deficiency."

http://ih.advfn.com/stock-market/NASDAQ/helios-and-matheson-analytics-mm-HMNY/stock-news/78943490/current-report-filing-8-k

IMO, Sugarmade needs a name change. They need a name that deals with the sector/industry they are in. I wish they would do a reverse merger with Hempistry and the name at that point should become Hempistry. No one doing research for hemp/mj companies are going to find "sugarmade", and if they do, who's going to take such a name seriously. JMO

Huge news coming tomorrow!!!

And it's not good!!!

EOM

I bet even shady Ted would appreciate the public being informed that a reverse split is coming oppose to all this other garbage being spewed. At least with the RS warning Ted would feel relief knowing that the people have been warned.

Based on what dd? Here's the latest TRUTH...

"The Company expects that Nasdaq will hold the Hearing with the Panel within 45 days of the Company’s request for the Hearing, pursuant to the Nasdaq Listing Rules. At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

Reverse split announcement coming any day now.

HMNY will reverse split soon...news coming next week.

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

Where there's a will there's a way...if you're prepared to lose your investment, odds are you probably will.

45 days from December 26th. The 26th was the deadline for them to file for an appeal. Once Nasdaq gives them a hearing date, HMNY has to notify the public within 4 business days via 8k as to when that hearing date is. Shady Ted likes to withhold information until after hours...he doesn't want to disrupt his cash cow stock selling operation during regular trading hours.

Countdown to Feb 11th (technically Feb 9th but that's a Saturday). However, Ted did leave the door open to do the reverse split prior to Nasdaq's hearing date.

Ted owes a lot of people a lot of money and those people are waiting for the next reverse split (which will happen within the next 40 days) so they can short the hell out of this POS, thus recouping what they've lost and/or owed by shady Teddy.

Happy New Year!

Goodnight.

Thanks to IHUB for the unlimited posts during the holidays (ends tomorrow).

According Wall Street Journal and Yahoo Finance, the float is 1.61 billion shares. The OS is 1.67 billion

Yeah cause they know this POS is going under! Why waste time voting.

Of course. What's your point? The "against" outweighs the "for". For the most part, everyone knows Ted is a POS. What's your take?

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

https://www.sec.gov/Archives/edgar/data/1040792/000121390018017754/f8k121918_helios.htm

December 21, 2018 (10 days ago)

The truth is before everyone's eyes (PERIOD)

Wouldn't be surprising if he did the split PRIOR to the hearing since he mentions that as an option..."At or prior to".

Anyone thinking about buying this POS instead of jumping in at the HOD should read PR's and filings. Stop having a FOMO (fear of missing out). This POS is what it is...a share selling business.

Yeah, and look how many people don't want this POS crook to serve as a director...

128,652,729 For this crook staying a director

239,651,518 Against this crook staying a director.

Ted is a loser who puts out filing afterhours so as not to affect the stock price. This stock is all he has to make money on. Steal for the retailer to keep himself living good and happy.

2019 will be worse than 2018.

Currently current. OTCQB

They need to update their "Description". Still talking about "mid 2017".

Exactly. If I were Jimmy, I'd be in Kentucky offering every farmer 1 million shares per every 1 hundred acres; not to own but to have an exclusive harvest deal...say a ten year deal.

LMAO!

Then called it back on when they got enough board members.

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders"

Good point. He doesn't care about shareholders. He's going to "gain their trust" then do a reverse split. Although it says it in the latest 8k that they intend to do a reverse split. Ted should have said so at the meeting.
He hides the truth...won't even reveal current subs.

An 8k should be filed once they get their hearing date.

I'll go with "D"

I'm an uneducated loser.

https://ih.advfn.com/stock-market/NASDAQ/helios-and-matheson-analytics-mm-HMNY/stock-news/78943490/current-report-filing-8-k

4th paragraph.

Everyone in favor of not having crooked management continue to ripoff unsuspecting investors should post this daily (in red).

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

All they see are dollar signs that aren't there. The only ones getting paid are Ted and Co. As long as HMNY is on an exchange, Ted and Co. are set for life.

"At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

This is from the 8k on December 21st.

Sorry for using red and underlines.

Okay. Just based on my DD, and IMO, there will be a reverse split. My DD shows me that the Board of Director's can do a reverse split. Ted said they plan to fix the non compliance issue with a reverse split. So my DD is based on facts...but to please you, I'll say, "IMO".

"Generally, a public company can declare a reverse stock split if it obtains the approval of its board of directors. Most often shareholder approval is not required."

This is exactly why Ted said he will fix the non compliance issue with a reverse split. The board is set and now they will burn shareholders all over again.

https://www.securitieslawyer101.com/2015/reverse-stock-split/