Replies to post #33276 on Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

“You think companies with no future get lent 20mm at 3% when base rates are 2.25%?” That is a great point.

But, you’re wrong on the needed reserves. Only the June notes were converted to non-convertibles at 3%. (yes, a very noticeably low interest rate). You have left out consideration of the November 2017 and January 2018 Notes, totaling $49.4 Million dollars. November Notes ($20.4M) now requires st a 1:1 reserve, and the January Notes ($29M) now requires a 1:1.25 reserve share allotment. At 2 cent per share, how many reserve shares are required? Right around 2.8 Billion shares.
Helios don’t have it.
They gotta dilute.
Funny thing is, they even said they “will” dilute.