Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

You see the 8-K today? They did dilute more, yet must have been above or at $0.02, as Notes continue to priced at $0.02. Helios again diluted from 1,355,886,090 to “approximately 1.5 billion shares” as of October 14th, 2018. So, about 150,000,000 million shares added. At let’s say $0.02 minimum, that’s about $3,000,000 they raised. Helios is rather broke, it looks like. Diluting right before the vote.

And they hired a firm for $49,000 to solicit shareholders to not vote ‘no’ but to vote ‘yes’ on the proxy vote. I voted ‘No’ already. Helios is worried the proxy will not pass. Then they cannot dilute further, which is to raise money to maintain operations.

They have that Def14a clause that should they not get enough ‘yes’ votes, then they can adjourn the special meeting and thereby hold-up the vote until enough ‘yes’ votes are acquired (if possible). These guys are like the govt., just do what they want. Heck, they can and do even short their very own shares.