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The Iron Lotus

NPR

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.

Music by Drop Electric. Find us: Twitter/ Facebook.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money, and is a correspondent for Planet Money.
Paddy Hirsch