1. MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock

    MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock
    • MoviePass' parent company, Helios and Matheson Analytics, will propose a reverse stock split of up to 1-for-500 to its shareholders in a special meeting next month.
    • It's the latest attempt by the struggling movie-ticket subscription service to not have the HMNY stock be delisted by the Nasdaq in mid-December.

    Next month, MoviePass will try its most dramatic step yet to revive its failing stock...

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    1. If the Company is unable to maintain its Nasdaq listing, its access to capital will become further limited and it may not have sufficient capital to enable MoviePass to continue its operations or become cash flow positive or profitable.
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