Helios and Matheson Analytics Inc (HMNY)

[chereb19]

I'm a retail investor like most here so it's just opinion but I can't see it going through. It was such a sh1t show last time with so many people burnt that they would be mad to vote Yes. There are no institional investors other than Hudson but even they don't have the votes they had last time and they are in a different position now having offered a non-convertible loan to Helios.

It's also important to remember that this R/S was called on the 18th Oct as it was required in the small print of the June Note to ensure enough reserve shares were available for their conversion. Since the June note has now been redeemed in full Helios have enough shares in reserve for the current notes outstanding (approx 40mm USD for Nov/Jan)and don't need to call this meeting...just yet.

Of course they need to address the issue of having a share price under the $1 limit required to stay listed on Nasdaq, however, they still have some more time. I'd much prefer to see some positive PR which gets the share price up..even if it's stable at 0.05 or 0.10 for a few weeks, and then another vote for a R/S at a fixed ratio between 10 and 20-1. Then I would most likely vote yet