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