Replies to post #30973 on Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

Yeah, I read that. Yet why say 4.2B shares could be issued to cover reserves? Get my math deduction?

[oneifbylan]

Yes, and another line that seems to confirm they keep their 5 billion
A/S which demonstrates further dilution; "number of shares of our authorized common stock that are unissued and not reserved for future issuance will increase." So basically at the very moment the r/s takes effect our shares are not diluted percentage wise, but eventually we'll be diluted even further than previously. So even though A/S stays at 5 billion, cumulatively they are able to issue over 5 billion shares. I may be misinterpreting, but looks that way to me. The only thing I give them credit for (and it's probably only to protect themselves) they mention quite clearly their previous r/s didn't work, and price fell back below $1.00 in less than 5 trading days. GLTA

[newztanz]

It is so obvious these guys are playing games. A statement meant to disclose shares and information, but the value within the statement is omitted. Unbelievable.