Helios and Matheson Analytics Inc (HMNY)

[Drosmigs]

Sorry, but this sucker is going down to $3.50 before it heads north. I've made a ton of money on this since I bought back in at $4 in October but the underwriters are totally blind to what they are doing. HMNY has just created up to 26.5 million new shares of its stock to flood onto the market. HMNY just told investors to expect more than 50% dilution of their ownership stakes in the company. I'm only surprised at how slow its going down to reflect the 50% dilution. I'll be back in when this thing hits $3.50 but right now, it will continue to slide and no amount of PR will correct this bonehead Investment banks stupid announcement.


https://www.fool.com/investing/2018/02/13/why-moviepass-stock-helios-and-matheson-just-sank.aspx