![]() The company said it may use the net proceeds to increase its ownership stake in MoviePass “or to support the operations of MoviePass and MoviePass Ventures.” It also said it might use the expected funds to pay off debt, for “general corporate purposes and transaction expenses,” or to make other acquisitions. ![]() It notes that the conversion of its convertible notes could add billions in. In its announcement Thursday, Helios and Matheson said the offering of 10.5 million shares is expected to close on or about April 23, 2018. Helios and Mathesons share count is already up to over 636 million (159.2 billion shares pre-reverse split). Meanwhile, on Wednesday, Helios and Matheson disclosed that an independent auditor had raised “substantial doubt” about MoviePass’s ability to continue operating as “a going concern.” HMNY reported a loss of $150.8 million in 2017, which it attributed to its acquisition of MoviePass in August 2017, on revenue of $10.4 million. Helios and Matheson Analytics ( ( HMNY) ) stock took a huge ride on deal news, but the ride was nothing compared to the alternating skyrocket and anvil rides it took on. HMNY had actually revealed the stock deal with Verizon on April 5, as part of Helios and Matheson’s acquisition of the Moviefone service from Verizon’s Oath unit. ![]() Earlier this week, HMNY stock rose more than 30% as investors latched on to Verizon’s disclosure of a 9.3% ownership stake in the company. NEW YORK ( TheStreet) - Shares of Helios and Matheson Analytic ( HMNY) are soaring by 79.92 to 12.99 on heavy trading volume early Tuesday afternoon, after the New. IT consultant-turned-movie mogul Helios and Matheson Analytics (HMNY 10000.00) saw its stock plunge last week after the company announced plans to issue a huge slug of new shares - enough to. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |