1. MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges

    MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges
    • Helios and Matheson, the parent company of MoviePass, reached an agreement with its creditors Tuesday to reduce its outstanding debt.
    • The move also will eliminate all of its outstanding convertible notes and replace them with non-convertible notes.
    • By eliminating its convertible notes, the company freed itself up to sell potentially billions of new shares of stock.
    • But the move comes on the same day that the Nasdaq could delist Helios and Matheson's stock...
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    1. Following consummation of the transactions contemplated by the exchange agreements, the company no longer has any outstanding convertible notes.
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