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MoviePass' parent company just bought itself more time to live, but it's still in imminent danger of being kicked off the stock exchanges

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Helios and Matheson, which owns MoviePass, reached an agreement with its creditors to reduce its debt and cancel all of its convertible notes. But it still faces delisting from Nasdaq, and soon.

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The parent company of MoviePass has filed to spin it off following hundreds of millions in lossesHelios and Matheson Analytics has filed with the SEC a proposed a spin-off to make MoviePass its own public company.
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MoviePass could be delisted from the stock market soon. Here's what that could mean for the company and its beleaguered investorsHelios and Matheson had until Tuesday to get its stock above $1 a share. It failed. That's put it in danger of being dropped by the Nasdaq in the near future.
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CEO of MoviePass' parent company had $7.25 million in stock that's now worth less than $50The CEO of MoviePass' parent company had $7.25 million in stock that's now worth less than $50. via CNBCMakeIt MakeIt MakeIt This is why I follow CNBC. I don’t want to miss out on important news like this. Thanks.! MakeIt And here I thought my 401k was looking rough.
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