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Helios and Matheson Analytics Inc.
HMNY, + 2.41%
MoviePass, who owns MoviePass, revealed Tuesday in a regulatory filing that he had postponed the vote on a second grouping of actions. According to the filing with the Securities and Exchange Commission, the company did not believe it benefited from the support of this plan, which aimed to avoid delisting from its stock if it continued trading for less than $ 1. "The board canceled the extraordinary meeting because it does not expect to have the shareholder vote required to approve the stock split proposed at the meeting. extraordinary or to adjourn the extraordinary meeting, "says the document. The dramatic climbs and falls of MoviePass have left Helios & Matheson looking for a solution, which includes a plan to split the film subscription business into an independent entity. Shares closed Tuesday at less than 2 cents each.
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