In January 2018, co-founder Stacy Spikes was fired from the company. Another $35 million in advances converted to capital put Helios at 91.8 percent, allowing for a merger unilaterally initiated by the Helios board. This increased Helios' ownership stake from 62.4 percent to 81.2 percent. MoviePass then converted the advances from debt to equity. Helios advanced MoviePass $55 million from December to February 20, 2018. In August 2017, Helios purchased a majority stake in MoviePass. Zone founder Ted Farnsworth was appointed chairman of Helios, and then, in January 2017, became Helios's CEO. The company acquired Zone Technologies, maker of the RedZone Map app, in November 2016. The company again changed its name in 2011 to Helios & Matheson Information Technology Inc., to reflect that it was seeking business opportunities worldwide, and then in 2013 to Helios and Matheson Analytics, to reflect that the business had "moved beyond IT". The A Consulting Team changed its name in 2007 to Helios & Matheson North America, to highlight its association with the parent company. In 2006, Helios & Matheson Information Technology Ltd., an IT consulting firm based in India, purchased a majority stake in the company. The company made its initial public offering in 1997. It changed its name later that year to The A Consulting Team. The company was founded in 1983 by Shmuel BenTov as Software Ben-Tov. The company became widely known during its final years for acquiring and subsequently operating MoviePass, which ultimately led to the company's bankruptcy. HMNY stock was down 12.9% as of Wednesday morning.Helios and Matheson Analytics was a publicly traded data analytics company based in New York City, New York. If so, investors shoring up shares of HMNY stock expecting major news of a revival could be left holding the bag.Instead, it could be that another company bought MoviePass during the liquidation and is behind the countdown.It’s completely possible that Helios and Matheson Analytics won’t be making a grand return anytime soon.There’s not been much news from the company since then and it’s unclear if it has a role in the new MoviePass countdown.That also saw HMNY stock delisted from the Nasdaq Exchange and make its way over to OTC Markets.The company ended up filing for bankruptcy in January 2020 with plans to liquidate its assets.Helios and Matheson Analytics is the parent company of MoviePass and went through a rough patch last year.That’s where the breakdown below comes into play. Investors that are new to HMNY stock will need to know more about the company. That’s a massive spike compared to its daily average trading volume of 71.8 million shares.ħ Stocks to Buy No Matter What the Treasury Yield Does As of this writing, more than 349 million shares of the stock have changed hands. The MoviePass countdown has investors taking an interest in HMNY stock today. The details are still unknown but the countdown is set to end in about five days. Helios and Matheson Analytics was the owner of MoviePass and may be preparing for something major with a countdown. HMNY) logo displayed on an iPhone screen." width="300" height="169">
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