MoviePass’ parent company is delaying a shareholder vote on its reverse-split plan — again (HMNY)
|10/31/2018||Posted by BusinessMediaguide.Com under General World News||
- Helios and Matheson, the parent company of MoviePass, is postponing by two weeks a vote on its plan to reverse split its stock for the second time in four months.
- The delay is the second in two weeks for the company, another indication that shareholders are resistant to the plan.
- Shareholders have seen their holdings in the company plunge amid its huge financial losses and its massive stock issuance.
Shareholders of the parent company of MoviePass won’t be voting Thursday on its controversial plan to reverse split its stock for the second time in four months. Instead, they’ll get two more weeks to read more >>>