Replies to post #33277 on Helios and Matheson Analytics Inc (HMNY)

[chereb19]

Also remember the R/S meeting was called as it was a condition of the June note offering to ensure there were enough reserve shares.



In accordance with terms of the SPA, the Company is obligated to convene a special meeting of its stockholders (i) not later than October 18, 2018, to approve, to the extent required by Nasdaq Listing Rule 5635, the issuance of all shares of common stock of the Company that may be issued pursuant to the terms of the Convertible Notes, and (ii) not later than July 18, 2018, to approve a reverse stock split of the common stock of the Company.

[StockItOut]

Now I understand what he means. Yeah, interesting. Yet, if no Reverse occurs, Helios will be in default, as it is already (insufficient reserve shares), and it will need to borrow money to payoff the Notes, or to buy back shares, or file BK.

[spidaman]

Chereb19, in your opinion, do you think this reverse split vote will be successful?