Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

Operating loss is around $22 million. With less subscribers, that may fall down below $20 million.

However, the 0.9 ratio Ted quoted I don't believe is honest. He was including "the last month", which included "forced no usage" because the app was literally down during peak times. It wasn't until later in the month that they actually got their act together and enabled show times consistently. So I think the "real" ratio is much higher, at around 1.2 or higher.

They won't break even (including operating cost) unless they are at 0.55 or so. That won't happen, so at the minimum they would still be losing $25-$30 million per quarter (as opposed to $130+) before, which is obviously much better. But the problem is the low share price means dilution is massive, which is a positive feedback loop (in a negative way) and causes even more stock price tankage.

The only option they have is: truly limit cash burn and wait for investor confidence to bring up the stock price so they have to dilute less, which then is a positive feedback loop (in a positive way).