MoviePass owner Helios and Matheson announces reverse stock split, taking it from US$0.09 to US$21
Helios and Matheson Analytics, parent company of MoviePass, CEO Ted Farnsworth (Nasdaq: HMNY) in an exclusive interview, tells Proactive Investors’ Christine Corrado the company is going ahead with a a reverse stock split,taking it from US$0.09 to US$21 today, to avoid being delisted by Nasdaq.
Farnsworth says MoviePass is currently at a little over 3 million subscribers, and says the company is ‘well on target’ to hit 5 million subscribers by the end of the year.
The company has seen its shares fall from a high of $38 in October 2017, as investors’ worries of the company’s cash burn took its toll.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/stocktube/9945/moviepass-owner-helios-and-matheson-announces-reverse-stock-split-taking-it-from-us009-to-us21-9945.html
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