Helios and Matheson Analytics Inc (HMNY)

[newztanz]

Watched the 1st ten minutes so far and it brings me back to a point of thought I have been pondering. The amount of money they have spent is astronomical. First we have HMNYs investment tens of millions. We have Mitch's investment millions. Then we have the the money from actual subscribers. In addition to all that we have the sale of equity shares, hundreds of millions of shares. I haven't sat down and written any estimated calculations but just eye balling it, it doesn't add up that this isn't more stable of a system. Also I see no excuse that a team of people who's job it is to calculate and account for this service have some how let it get this out of control. Somewhere somehow bad calculations and bad accounting was made. Multiple times in fact. There should never have been the need for the 1st R/S. Poor business management I really feel is the bottom line of the issue here. The mindset to run a loose business and lean on the investors to support that mentality is not what good business management does.