Helios and Matheson Analytics Inc (HMNY)

[Moeclay]

IMO, the following from yesterday's filing was a little easing...

"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."

"If the Board determines to implement the Reverse Split, the Company would communicate to the public, prior to the effective time of the Reverse Split, additional details regarding the Reverse Split (including the final Reverse Split ratio, as determined by the Board). The Board may reserve the right to elect not to proceed with the Reverse Split if it determines, in its sole discretion, that the Reverse Split is no longer in the best interests of the Company or its stockholders."