12/2/2023 0 Comments Helios and matheson stock 2017![]() “The time to buy is when there’s blood in the streets.” Attributed to the 18th century financier Baron Rothschild, this colorful and often repeated euphemism means that investors in the midst of a severe market downturn should seek inherently strong stocks that have been unfairly driven down in price by the irrational fear of the crowd.ĭoes the Baron’s sentiment apply to Helios and Matheson Analytics? Is the stock an enticing value play? Or is it a landmine that you should sidestep? Below, I sift through this complicated story to get some straight answers. They see HMNY as a classic contrarian play for investors willing to shoulder some risk. The erstwhile high-flying stock has plummeted and management continually fends off rumors of bankruptcy.īut now, some bargain hunters are licking their chops. One such stock is Helios and Matheson Analytics (NYSE: HMNY), an information technology (IT) firm that owns MoviePass.įounded in 1982, Helios and Matheson has experienced its share of woes and extreme volatility in recent months, going from Wall Street darling to investment pariah. In their search for value, analysts are starting to tout various distressed stocks, arguing that they’ve been unfairly beaten down and could soon turnaround. The closing of the MoviePass transaction is conditioned upon HMNY consummating an equity or equity-linked financing transaction with aggregate gross proceeds of at least $10 million, among other material conditions described in the Current Report.In this choppy and still overvalued market, where can you go for stable growth stocks that trade at a bargain? The Current Report is available for review at The information in this press release is qualified in its entirety by reference to such Current Report and the applicable securities purchase agreements included as exhibits to the Current Report, together with the exhibits to such securities purchase agreements. Securities and Exchange Commission (the “SEC”) with respect to the MoviePass transaction and a financing transaction with an institutional investor occurring simultaneously (the “Current Report”). HMNY filed a Current Report on Form 8-K with the U.S. We look forward to continuing this journey with HMNY and its growing following,” Mr. “With the addition of MoviePass to HMNY’s portfolio, HMNY has found yet another avenue to reach users of its advanced consumer-centric technology services. “We’re proud to represent our client Helios and Matheson Analytics in this industry disruptive transaction,” stated Mr. The MSK deal team also includes MSK Partner Marc Jones, and Associates Blake Baron, Siyuan An, Gabrielle Napolitano and Latore Price. Kevin Friedmann, Chairman of MSK’s Corporate & Business Transactions Department, led the MSK deal team. MSK serves as HMNY’s legal counsel for the MoviePass transaction and a concurrent $10.3 million convertible note financing of HMNY from an institutional investor to finance part of the investment in MoviePass. HMNY rang the Nasdaq closing bell yesterday, August 16, 2017, following its announcement of the MoviePass deal. MoviePass has agreed, following the closing of the transaction, to apply for listing and seek to begin trading on the Nasdaq Stock Market or the New York Stock Exchange by March 31, 2018, at which point HMNY would remain the majority stockholder of MoviePass. HMNY and MoviePass will continue their respective operations with existing leadership, including Ted Farnsworth, as Chief Executive Officer of HMNY, and Mitch Lowe as Chief Executive Officer of MoviePass. MoviePass announced a new low flat fee of $9.95 per month on the heels of announcing the HMNY investment in MoviePass. The MoviePass app enables subscribers to see unlimited movies in theaters with no blackout dates and no contracts. MoviePass is available in over 91% of all theaters in the U.S. Early investors include True Ventures, AOL Ventures and Chris Kelly, MoviePass' largest investor and the former Chief Privacy Officer, Head of Global Public Policy and first General Counsel of Facebook. Film marketing executive and producer Stacy Spikes co-founded MoviePass in 2011. MoviePass is led by Netflix co-founder and former Redbox president Mitch Lowe. The deal further implements HMNY’s growth strategy of expanding into industries with opportunities for big data and artificial intelligence innovations. for $27,000,000 of cash and stock of HMNY. (Nasdaq: HMNY) has entered into a definitive agreement to acquire a majority stake in movie subscription technology company MoviePass Inc. MSK client Helios and Matheson Analytics Inc. in Deal to Acquire Majority Stake in MoviePass™, Unlimited Movie Subscription Service ![]() MSK Represents Helios and Matheson Analytics Inc.
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