Helios and Matheson Analytics Inc (HMNY)

[chereb19]

The preferred shares were diluted after the last R/S. They accounted for 20% ish of the vote last time but now only 3-4% so not as important. Hudson also has a limitation of 9.99 % of the float so there will own approx 12% of the vote.

If the R/S goes through Hudson can prepay the notes but only to a max of owning 9.99% of the float at a time. If HMNY don't need the money each time part of the notes are prepaid they can use it to redeem the equivalent amount of the notes. Of course HMNY need to be cash flow positive or have an alternative funding source for this to work.