Helios and Matheson Analytics Inc (HMNY)

[chereb19]

I'm only stating the facts for a healthy debate. I do have my views but my avg long price is .06 so I've definitely not been right so far.

The June note conversion price was $250 but this was racheted down to .02 but was pending the R/S to ensure enough shares. So you comment "This was never going to happen" isn't really true. We haven't even had the vote yet so we don't know the outcome. If the vote was a yes then the June note would have been convertible at .02

The June note was sitting there happily accruing interest at 5%, I'm just surprised that an investor would choose to negate this and change to 3% without the option to convert. Maybe they are cooking the books or trying to trick investors to vote Yes to the R/S vote but the timing seems a bit off to me, i.e why do this weeks after the proxy vote has gone out.