Helios and Matheson Analytics Inc (HMNY)

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LOOKS LIKE THEY ARE GONNA FLOOD THE MARKET WITH SHARES TO PAY THIS BACK, AGAIN I ASK , WHO THE HELL IS GONNA BUY THEM

All proceeds received by the Company on or after July 31, 2018 from sales of common stock under its outstanding at-the-market offering (the “ATM Offering”) pursuant to the Equity Distribution Agreement, dated as of April 18, 2018 (the “Equity Distribution Agreement”) between the Company and Canaccord Genuity LLC, must be applied against any Initial Principal until no Initial Principal remains outstanding, and thereafter, against any remaining amounts due under the Demand Note.
If a Payment Default remains outstanding for a period of 48 hours, Holder may require the Company to redeem all or a portion of the Demand Note at a redemption price of 130%.