On Tuesday, March 26th, Helios and Matheson Analytics (OTC:HMNY) said it raised money in a new round of financing. The total came to $6 million. Despite having justifiable plans for the funds, HMNY stock dropped considerably on the market today.
Here’s what we know.
HMNY Stock Takes a Cold PlungeAccording to sources, Helios and Matheson Analytics, which is the parent company of MoviePass and MoviePass Films, plans to use the raised $6 million to further product development. Specifically, this product development is for the MoviePass subscription business. More details on the financing round ...
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