NEW YORK, Sept. 6, 2018 /PRNewswire/ -- WeissLaw LLP, a
national class action, shareholder rights law firm with offices in New York, Los Angeles, and Atlanta, announces an investigation of Helios and Matheson
Analytics Inc. (the "Company" or "HMNY") (NASDAQ: HMNY), its Board of Directors, and certain Company officers, for among other
things, possible breaches of fiduciary duty and violations of Federal and State laws.
If you own HMNY shares and wish to discuss this investigation or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(888)593-4771
stockinfo@weisslawllp.com
On July 27, 2018, unable to meet its financial obligations, the Company announced that it issued
a demand note in the amount of $6.2 million dollars to cover payments to its merchant and
fulfillment processors. On that news, HMNY shares nosedived and are now trading at only 2
cents per share.
The announcement, in stark contrast to HMNY's previous reports, revealed various issues with the Company's 2017 MoviePass
deal. Namely, that the HMNY-MoviePass business model was unsustainable and resulted in the loss of millions of dollars in
subscription revenue, which the Company may never recover.
WeissLaw is investigating whether HMNY's Board of Directors and its Officers violated Federal and State laws by: (i) failing
to disseminate accurate and truthful information about the Company's operations, performance and financial condition; (ii)
knowingly or recklessly issuing materially false or misleading statements; and (iii) engaging in conduct that resulted in
artificially inflating the Company's stock price.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients. For more information about the firm, please
go to: http://www.weisslawllp.com/helios-and-matheson-analytics-inc/
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SOURCE WeissLaw LLP