Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

The damage has already been done with these ATM dilutions, but what would have helped big time was an IPO with MoviePass. In my opinion, HMNY got greedy and instead of allowing the IPO to continue as planned (which would have hopefully brought in hundreds of millions of dollars to help), they decided to try and take majority ownership of MoviePass by basically converting the $50+ million or so loaned to MoviePass into shares for MoviePass, thus owning the majority of it.

What would help now is if a deep pocket investor was willing to dish out $500 million - $1 billion or more, of course, with warrants to purchase the stock, but at higher prices (so that it shows THEY believe in the stock price going up), then the stock price will shoot up. The problem is literally no one trusts HMNY management now and we saw from the last funding event (April) that they were only to dish out $30 million, less than a month's worth of operations. Prior to this, investors dished out $100+ million.