Helios and Matheson: Co plans reverse stock split up to 1:500 ratio

Helios and Matheson Analytics

17/09/2018 18:15

** MoviePass owner's shares  HMNY.O  fall nearly 21 pct to
1.70 cents; most actively traded co among U.S. listed stocks
    ** Co plans to reverse stock split, which could be in a
ratio of 1-for-2 shares or even up to 1-for-500 shares as the
stock price tumbles; shareholders' meet to be conducted on Oct.
18 to seek approval for the split.
    ** More than 143 mln shares traded, about 1.2x their 25-day
moving avg
    ** Including Monday's fall, HMNY has lost close to 100 pct
this year

 (Reporting by Akanksha Rana in Bengaluru)
 ((Reuters Messaging:
akanksha.rana.thomsonreuters.com@reuters.net))