Helios and Matheson Analytics Inc (HMNY)

[newztanz]

I didn't see this till now. I was off making 138.5% elsewhere.

To funny, but anyone with an IQ higher than carpet lint knew it was going to happen.

"The Company expects that Nasdaq will hold the Hearing with the Panel within 45 days of the Company’s request for the Hearing, pursuant to the Nasdaq Listing Rules. At or prior to the Hearing, the Company intends to present its plans to Nasdaq to regain compliance with Rule 5550(a)(2) and request an extension of time so that the Board of Directors of the Company (the “Board”) and management of the Company can effect a reverse stock split at a time that is in the best interests of the Company and its stockholders."

Where in the filing do they state their strategy to "buy back" shares? I don't see that indicated. What I see is that they intend to R/S.

I don't see them receiving the extension now either. The SEC clearly states the "continued issuance of shares" as one of the main reasons as to the denial of an extension. If HMNYs proposal to rectify the deficiency $1 pps is to R/S that would surely mean continued share distribution, which is why the extension was denied. OTC will be where HMNY is destined. And in my opinion where they want to go.