This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Mass Hysteria Entertainment Company's Follow Up CEO Letter To Shareholders

LOS ANGELES, Feb. 8, 2013 /PRNewswire/ - Mass Hysteria Entertainment Company, Inc. (MHYS: OTC Markets) provides a follow up letter to its shareholders from its CEO, Daniel Grodnik.

Dear Shareholders,

Further to my letter of February 1, 2013 I wanted to address several questions that have been raised regarding our decision to approve a 1,000 to 1 reverse stock split which became effective on February 1, 2013 (the "Reverse Stock Split"). I also wanted to give you some additional positive news that just occurred, which I believe will help us in 2013. 

First, let me discuss the Reverse Stock Split. As you know, our stock price has languished in the $ 0.0002 to $ 0.0003 trading range in the last few months and inhibited our ability to attract new investors and financing. Accordingly, after very careful consideration of the factors discussed below, our Board of Directors decided that it was in the best interest of the Company and its shareholders to effectuate a substantial exchange in the amount of issued stock, with the objective of increasing the share trading price. We believe that the Reverse Stock Split may enhance the appeal of our common stock to the financial community, including financial investors, and the general investing public. We believe that a number of financial investors are reluctant to invest in micro−priced securities and that brokerage firms may be reluctant to recommend such stock to their clients, which may be due in part to a perception that lower−priced securities are less promising as investments, are less liquid, or are less likely to be followed by research firms. We believe that the increased stock price resulting from the Reverse Stock Split may encourage greater interest in our common stock. Furthermore, the higher share price is designed to make it easier for shareholders to hold Mass Hysteria stock in their brokerage accounts.

The number of authorized shares of our common stock has not been reduced by the Reverse Stock Split. Accordingly, the Reverse Stock Split had the effect of increasing the authorized, but unissued, shares of our common stock. These shares may be used by us for various purposes in the future, including, among other things, financings or strategic partnerships, or acquisitions of assets or businesses. We felt these factors could be beneficial to our company and our stockholders as well.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,637.06 +22.25 0.13%
S&P 500 1,948.18 +6.90 0.36%
NASDAQ 4,432.8020 +13.3240 0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs