Replies to post #43725 on Helios and Matheson Analytics Inc (HMNY)

[StockItOut]

“Farnsworth denies the company has a credibility issue with investors...”

MoviePass Owner Hopes Spinout Sparks Stock Split Backing -- Market Talk

1/23/19, 12:44 PM
15:44 ET - Helios & Matheson Analytics, the company that owns most of MoviePass, hopes its plan to spin out the movie- subscription service will help it win investor support for another reverse stock split, CEO Ted Farnsworth tells WSJ. That split would potentially help Helios avoid losing its Nasdaq listing due to its low share price. Farnsworth denies the company has a credibility issue with investors, following the decline in the share price after a reverse split last year. Helios canceled a vote on a second reverse split in 2018 after failing to garner enough shareholder support. ([e-mail]; @MicahMaidenberg)


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01-23-19 1544ET
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