Replies to post #9323 on Helios and Matheson Analytics Inc (HMNY)

[BobDoleYahoo]

You hit it on the nail. The R/S itself is sort of a non-issue in it of itself. Where it becomes a problem is the reason why the stock has tanked this much. That's from massive dilution. The wording in the last SEC filing suggests HMNY thinks they have the legal right to keep selling more shares without shareholder approval, despite the oddly high number of reserved shares, even before the 5 billion authorized shares. Like I said, we won't know until another SEC filing (BEFORE the special meeting) confirms outstanding shares has increased or not.