Here is some, somewhat good news, sort of. I mean when it involves Hudson Bay, it's always bad news technically. But, this might be good. Maybe. Not really. It's possible in preparation for another reverse split in the future (not anytime soon) or some sort of voting, they may sell Hudson Bay another maybe say 50,000 Series A Preferred Shares, which goes for a flat $1,000 each. The proceeds will be for $50 million if they do, thus lessening the need for ATM selling. The last time they sold Hudson Bay 20,500 Preferred Shares in June, it REQUIRED, as a condition of the closing, that Hudson Bay (and all HMNY insiders) vote in favor of the 5 billion (2 billion then) auth shares and the reverse split, as well as a number of other things. In other words, HMNY gave Hudson Bay a favorable deal, in return. Qiud pro qou. Sure, it can get worse when you make a deal with the Devil. But at least there'll be less dilution for common shareholders.
https://photos.app.goo.gl/XZmBvLxTGJ1A8P1r5 You guys remember when I broke down the price action on the charts showing that HMNY/Hudson Bay bought up shares to be record holders as of date to be voters, but then got stuck bagholding, so they had to pump some more for them to get out? And THEN, HMNY released a SEC filing conveniently moving the record holder as of date for voters by a few days to ensure the "bagholding" voters were going to vote in favor of them? Fact is stranger than fiction.
Shareholders had ZERO chance to fight off HMNY/Hudson Bay collusion. They were systematically wiped out. Just sad.
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