Helios and Matheson Analytics Inc (HMNY)

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I bought my shares in February for 8.05/share. I believed in the concept and in the alternate revenue streams. I actually thought I got a good deal. I felt I would be profitable. Everything Ted Farnsworth and Mitch Lowe said in interviews seemed reasonable and made sense. I still have my shares and they are worth 2.6 % of what they were 4 months ago.

What ever happened to the spinoff of Safe Zone and the IPO for MoviePass? Now they say they need to raise 1.2 Billion dollars to stay afloat, Do a huge reverse split, and massively increase the authorized shares? That doesn't sound like a viable business plan to me. It sounds like a penny stock scam. Good Luck to the new investors. Buyer Beware.