Helios and Matheson Analytics Inc (HMNY)

[chereb19]

As of the 14th Sep the conversion price was 0.02 (mentioned in the sec filing from the 26th Sep) If helios has diluted shares via ATM since at a lower price then then the conversion price would rachet down, however, I just don't think this has happened.

Don't get me wrong I don't think Ted has any regard for shareholders but they've had plenty of times to raise money at .02. Even offering shares at .019 would increase the reserve shares by 100mm