Helios and Matheson Analytics Inc (HMNY)

[georgie18]

Over reaction as always...Fear sells and opportunist buy...The Company currently has no plans to effect the Reverse Split. The Board approved the Reverse Split Amendment to provide the Board with flexibility to negotiate a future transaction that may require a change to the Company’s capital structure. In addition, the Board believes that a reverse stock split may be necessary to maintain the Company’s eligibility for listing on the Nasdaq Capital Market, as described below, and may improve the liquidity of the common stock. However, the Company currently has no plans, arrangements or understandings relating to the issuance of any additional shares that would become available for issuance following any Reverse Split.