![]() ![]() ![]() Another is that investors are responding positively to an 8-K filing that the MoviePass owner made with the SEC this morning.Īs detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares - and sparing Helios' other shareholders 4 million shares worth of stock dilution in the process.Īs part of the agreement, the acquirers of the new shares have also agreed not to sell any of them before either July 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock - whichever date comes first. Why the sudden turnaround? Short covering is certainly one possible explanation. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.After falling steadily for most of the week - a fall finally broken by yesterday's $0.02 hopscotch higher - shares of MoviePass owner Helios and Matheson Analytics (NASDAQ: HMNY) surged definitively higher on Friday, closing up 34.7% and completing a round trip back to the price it fetched precisely one week ago. The Barchart Technical Opinion rating is a 24 Sell with a Weakest short term outlook on maintaining the current direction. 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.The Company offers its clients a suite of services of predictive analytics with technology. if you own 1,000 shares before the reverse split, you'd own just four shares at the end of it). is an information technology services company. ![]() And/or conduct a reverse split of its shares, shrinking investors' shareholdings by as much as a 250-to-1 ratio (i.e.That means you want to buy stocks with a Zacks Rank 1 or 2, Strong Buy or Buy. you want to buy stocks with the highest probability of success. 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). NFLX MA AMC INVESTING 9:00 AM EDT Stay Away From AMC: It May Be the Riskiest Stock Around Be careful if trading AMC, cheap stocks are not always inexpensive. Sell: 5.04: 5: Strong Sell: 2.34: S&P: 500. Track Helios & Matheson Information T (HMNY) Stock Price, Quote, latest community messages, chart, news and other stock related information.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. 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. ![]()
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