Helios and Matheson Analytics Inc (HMNY)

[2cutefeet]

Based on the information about Chapter 7 . . .

"Under Chapter 7 bankruptcy, all assets are sold for cash. That cash is then used to pay off legal and administrative expenses incurred during the bankruptcy process.

Once a company files for Chapter 7 bankruptcy, the company pays its creditors in a specific order. Generally, the company pays investors or creditors in the following order:

1) Secured creditors
2) Unsecured creditors
3) Shareholders

Usually, little to nothing is left over for shareholders after paying the more senior creditors."

That being said, someone just posted that the Chapter-7 filing for HMNY shows $395M in assets and $277M in debt. That's a difference of $118M (assuming all creditors get paid in full), leaving that to split amongst shareholders (unless I'm missing something). From TD Ameritrade, there are 2.0B shares outstanding, so dividing $118M by that I arrived at $.059/share for HMNY shareholders. I welcome relative input and comments on this.