Helios and Matheson Analytics Inc (HMNY)

[chereb19]

there is a June 18 note with approx 100mm still of investor notes still outstanding. I suspect this is being partially converted to equity but HMNY can use the cash (if not needed for day to day activities) to redeem the note or buy back shares.

They used some of the June note already to redeem Dec/Jan notes.

I think next sec filing will show under 5mm cash burn, the June note completed finished and a new funding model that doesn't dilute shares