Investors Seem to be Balking at MoviePass' Parents' Plans to Reverse Split its Stock Again — And for Good Reason
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- Helios and Matheson, the parent company of MoviePass, is seeking to boost its share price through another reverse-split of its stock.
- Two of the major research firms that offer investors advice on shareholder votes back the reverse-split proposal.
- Even so, investors appear dubious of it.
- They have good reason to oppose it — it would free the company up to issue billions of new shares of stock after it's already massively diluted shareholders...