What Is The Buzz Surrounding Helios and Matheson Analytics Inc (NASDAQ:HMNY)?

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Helios and Matheson Analytics Inc (NASDAQ:HMNY) is a provider firm of information technology solutions and services, providing a range of technology platforms with a focus on big data, business intelligence, artificial intelligence, consumer-centric and social listening technology.

The details

HMNY shares started to rise from around $2.50 a share in September and attain a high of around $38 in mid-October as shareholders noticed the meteoric increase in MoviePass subscriptions to over 400,000 from 40,000 in merely a month. Market forces and other elements have forced the stock down to their prevailing level of around $6.00 a share.

Helios and Matheson owns a majority stake in MoviePass Inc., the country’s leading movie-theater subscription service. The company’s holdings comprise RedZone Map™, a navigation and safety app for Android and iOS users, and a community-supported ecosystem that showcases a socially supported safety map application that improves mobile GPS navigation utilizing latest proprietary technology.

On December 12, 2017, Fandor® and MoviePass™, the streaming service with the leading collection of independent movies, international shorts and features, and documentaries reported that both firms are associating with Costco to provide a 1-year subscription plan for a fee of $89.99. The package deal for these services is available to Costco members and comprises a year of membership for Fandor and MoviePass. The offer was accessible online at Costco.com for a week, from December 12, 2017 to December 18, 2017.

On December 12, 2017, Helios and Matheson also reported that it has agreed to sell around 8.261 million Series “A” units, with each Series “A” Unit comprising of one share of the firm’s common stock, par value $0.01 a share, and one Series “A” Warrant to buy a share of Common Stock. The firm has also agreed to offer 969,230 Series “B” units, with each Series “B” Unit consisting of a single pre-funded Series “B” Warrant to buy a share of Common Stock and one Series “A” Warrant.

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