Brief: Helios And Matheson Analytics Says Moviepass Service Interruption Occurred On July 26

Helios and Matheson Analytics

27/07/2018 16:02

July 27 (Reuters) - Helios and Matheson Analytics Inc
 HMNY.O :
    * HELIOS AND MATHESON ANALYTICS - ISSUED DEMAND NOTE TO
HOLDER IN
PRINCIPAL AMOUNT OF $6.2 MILLION
    * HELIOS AND MATHESON ANALYTICS - DEMAND NOTE INCLUDES $5.0
MILLION IN CASH BORROWED BY CO & $1.2 MILLION OF ORIGINAL ISSUE
DISCOUNT
    * HELIOS AND MATHESON ANALYTICS - $5.0 MILLION CASH PROCEEDS
RECEIVED FROM DEMAND NOTE TO BE USED BY COMPANY TO PAY CO'S
MERCHANT AND FULFILLMENT PROCESSORS
    * HELIOS AND MATHESON ANALYTICS - IF UNABLE TO MAKE REQUIRED
PAYMENTS, MERCHANT AND FULFILLMENT PROCESSORS MAY CEASE
PROCESSING PAYMENTS FOR MOVIEPASS
    * HELIOS AND MATHESON ANALYTICS INC - CEASE OF PROCESSING
PAYMENTS
TO MERCHANT AND FULFILLMENT PROCESSORS WOULD CAUSE MOVIEPASS
SERVICE INTERRUPTION
    * HELIOS AND MATHESON ANALYTICS SAYS SERVICE INTERRUPTION
OCCURRED
ON JULY 26, 2018 - SEC FILING
    * HELIOS AND MATHESON ANALYTICS - MOVIEPASS SERVICE
INTERRUPTIONS
COULD HAVE MATERIAL ADVERSE EFFECT ON MOVIEPASS' ABILITY TO
RETAIN ITS SUBSCRIBERS
    * HELIOS AND MATHESON ANALYTICS INC - MOVIEPASS SERVICE
INTERRUPTIONS WOULD HAVE ADVERSE EFFECT ON CO'S FINANCIAL
POSITION & RESULTS OF OPERATIONS

Source text : ( https://bit.ly/2K6eTfq )
Further company coverage:  HMNY.O 

 ((Reuters.Briefs@thomsonreuters.com;))