Another is that investors are responding positively to an 8-K filing that the MoviePass owner made with the SEC this morning.Īs detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares - and sparing Helios' other shareholders 4 million shares worth of stock dilution in the process.Īs part of the agreement, the acquirers of the new shares have also agreed not to sell any of them before either July 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock - whichever date comes first. What Will the Stock Market Do Today 3 Big. 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. Why the sudden turnaround? Short covering is certainly one possible explanation. Helios and Matheson Analytics (HMNY) stock is making a surprise return to the news cycle Wednesday after the launch of a MoviePass countdown. After falling steadily for most of the week - a fall finally broken by yesterday's $0.02 hopscotch higher - shares of MoviePass owner Helios and Matheson Analytics (NASDAQ: HMNY) surged definitively higher on Friday, closing up 34.7% and completing a round trip back to the price it fetched precisely one week ago. Helios and Matheson filed for bankruptcy in 2020 after simply running out of cash. After falling steadily for most of the week - a fall finally broken by yesterdays 0.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |