General World News

MoviePass executives are making one more last-ditch effort to save the stock from getting delisted (HMNY)

MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth.

  • MoviePass parent Helios and Matheson on Friday said it would seek — again — to get shareholder authorization to reverse split its stock.
  • The company is in imminent danger of having its stock delisted from the Nasdaq; the market is hearing the company’s appeal of its delisting decision later this month.
  • The proposal is basically the same one that the company withdrew in November in the face of widespread investor opposition.
  • Just as with that plan, the new proposal would give the company room to issue billions of new shares.
  • Even after massively diluting shareholders, the company is alerting investors that it read more >>>

    Source:: BusinessInsider.Com