Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

Great call on the weirdness of the 3% loan from regular 5% Notes. That’s why I’ve been saying I think it’s Teddy painting the tape, so to speak. It’s easy to think it must mean something solid for a financier to give $20M at 3%, yet... etc...

As for Notes at $250, maybe I don’t understand well enough, yet the repricing was / is subject to shareholder approval, and this was/is not slated for vote at the Oct.18 special meeting. Got the impression the repricing is subject to first proposal and shareholder confirmation appproval. So, it seemed (and seems) that there is/was no chance of the $250-priced Notes to effectively ever become converted. Plus Helios wanted to free-up authorized shares to fall back under reserve share requirements as dictated by the Nov. and Jan. Notes.