![]() ![]() After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market. ![]() When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. No wonder they're selling.ġ0 stocks we like better than Helios and Matheson Analytics On top of that, their reward for keeping faith with MoviePass and sticking with Helios stock through its growing pains is to be significantly diluted, and to have much of their voting power transferred away to some other unnamed investor(s) who are acquiring the preferred stock. Investors owning shares of the company that owns most of MoviePass now face not just the prospect of seeing their company potentially beaten at its own game by AMC. And to complicate matters further, Helios is issuing $164 million worth of convertible debt, and 20,500 shares of preferred stock - with each preferred share conferring voting rights equivalent to owning 3,205 shares of common stock.if you own 1,000 shares before the reverse split, you'd own just four shares at the end of it). And/or conduct a reverse split of its shares, shrinking investors' shareholdings by as much as a 250-to-1 ratio (i.e.Quadruple the number of its shares outstanding to 2 billion shares, diluting existing shareholders by as much as 89% in the process (because Helios only has 223 million shares outstanding today).Last week, MoviePass filed a preliminary proxy statement with the SEC, informing investors that it plans to potentially: But there's also a self-inflicted wound to consider. HMNY stock was down 31% as of Wednesday afternoon.Īs of this writing, William White did not hold a position in any of the aforementioned securities.Why are investors panicking over Helios? I'm sure that AMC Entertainment 's (NYSE: AMC) decision to invade its discount turf with a $19.95-a-month movie subscription plan of its own has something to do with it. Helios and Matheson Analytics Inc says that it is expecting the public offering to close on Dec. This deal has it selling one-year MoviePass subscriptions for $89.99. The public offering from Helios and Matheson Analytics Inc comes shortly after it announced a deal with Costco Wholesale Corporation (NASDAQ: COST). The company is planning to use funds from this offer to increase its stake in MoviePass or support its operations. ![]() Helios and Matheson Analytics Inc says that it is expecting gross proceeds from this offer to reach $60 million. These warrants will expire after five years of issuance. Even down at 7.50, HMNY is a strong short based on cash burn and a bad business model. The Series B Warrants will be exercisable starting on the day of their issuance or the first day after. Helios And Matheson Analytics is down big from its peak at 38. ![]() They are first exercisable with an exercise price of $7.25 per share. They will expire five years after this date. It also points out that it is the sole seller for this offering.Īccording to Helios and Matheson Analytics Inc, the Series A Warrants will first be exercisable on the first day after the one year anniversary of their issuance. It will be issuing the shares of HMNY stock and the warrants separately. Helios and Matheson Analytics Inc says that it will be selling the units in this offer for $6.50 each. It is also selling 969,230 Series B units that include one pre-funded Series B Warrants to purchase one share of HMNY stock. These units will consist of one share of the company’s common stock, a Series A Warrant to purchase one share of common stock. Helios and Matheson Analytics Inc’s announcement is for the offering of 8,261,539 Series A units. ![]()
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