[jld]

Via Bloomberg...

"Terms of the loan are onerous. Investment firm Hudson Bay Capital Management can demand repayment of more than $3 million of the loan on Aug. 1, and the rest on Aug. 5. Proceeds from a planned stock sale must also be used to repay the debt.

If Helios and Matheson Analytics fails to pay, it will be subject to a 15 percent annualized late fee until it makes good on the obligation. If the company is 48 hours late in its payment, Hudson Bay can require the company to repay the debt at 130 percent."

https://www.bloomberg.com/news/articles/2018-07-27/moviepass...

[pc86]

I've never had a physical reaction to reading loan terms before. That is painful, I have to wonder if they have any plan to turn it around using this money or if it's literally a Hail Mary to buy just a little more time.

[paulmd]

Easy peasey, just take out another loan to pay the first one /s

[Thespian2]

Oof!