Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

There's no limits to how many times you can do a reverse split. The only limitation are that you must time it right so that you meet all the requirements on the stock exchange. The Nasdaq has many listing requirements, such as minimum outstanding PUBLICLY traded shares, X number of share holders, X number of round lot shareholders (100 shares or more), etc. HMNY knows this. In fact, they detailed it in one of their SEC filings, which I previously wrote up on it here (like usual), and was ignored.

Zack's also confirms this. So as I pointed out in my other post, they must time the reverse split correctly, or they will not meet the minimum requirements set forth by Nasdaq. And, more importantly, they must be profitable before doing another reverse split or else the stock tanks right back down. And finally, again, as I pointed out, they'll want to save it as a last nuke option in case of a hostile takeover. HMNY believes they have a right to do a reverse split based on their SEC filing they noted in September, 2016.

https://finance.zacks.com/opposite-stock-split-3203.html

The reason DRYS and the other Greek shipping stocks can do what they do is because they were incorporated in the Marshall Islands, where there's limited laws to protect shareholders. Because they are technically a foreign entity, the SEC treats them differently. HMNY is incorporated in Delaware so they're subject to more things the SEC can do.

So to all the newbies and misguided longs, I will have to say personally that I would not touch this stock unless the following occurs:

1. Ted Farnsworth is fired or steps down. There will be a YUUUGGEE rally. But I'd only trade it and wouldn't baghold it.

2. MoviePass becomes profitable WITHOUT losing a ton of subs. Shorts will eventually need to cover. We won't know this until months from now and we see more SEC filings detailing their financials and status. There is no other way.

Anyone who's been following my warnings for the past months and months and months, it's been: There is no rush to buy HMNY stock. You can tell who listened and who didn't. Those who didn't listen, I don't see them post anymore.