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Wednesday, August 01, 2018 9:29:42 AM
ITEM 8.01 OTHER EVENTS
As reported in a Form 8-K filed on July 27, 2018, Helios and Matheson Analytics Inc. (the “Company”) issued a demand note (the “Demand Note”) to the Holder in the principal amount of $6.2 million (the “Demand Note”). Pursuant to the terms of the Demand Note, the Holder could demand payment of $3.1 million on or after August 1, 2018 and any remaining amounts outstanding on or after August 5, 2018. On July 31, 2018, the Company paid in full the $6.2 million outstanding under the Demand Note.
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