• MoviePass' parent company has canceled a long-delayed shareholders vote, as it tries desperately to stay on the Nasdaq

    29 days ago - By Business Insider

    MoviePass parent company, Helios & Matheson Analytics , announced Tuesday that it had canceled a special shareholders meeting regarding a vote on a proposed 1-for-500 reverse stock split.
    The meeting was postponed twice and then canceled because the company said it "does not expect to have the requisite stockholder votes to approve the proposed reverse stock split," according to an SEC filing.
    If the HMNY stock continues to trade below $1 after December 18, the Nasdaq could begin the process of delisting it.
    MoviePass parent company, Helios & Matheson Analytics , announced on Tuesday in an...
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