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Economy & Business

The Iron Lotus

8

Today on The Indicator, we answer your questions. Well, one of them anyway. Listener Sam Spear wrote to us to ask us about the mysterious financial contortions performed by a company called Helios and Matheson, which owns a company called Moviepass. Specifically, Helios and Matheson performed a reverse stock split, after which they diluted their stock an extraordinary amount. Sam asked us to explain what happened, and why, and whether what Helios and Matheson was even legal.

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