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A regulatory filing from parent company Helios & Matheson offers more insight about what happened. The filing first spotted by Business Insider announces a demand note of $6.2 million, including $5 million in cash that the company borrowed. It goes on to explain:The $5.0 million cash proceeds received from the Demand Note will be used by the Company to pay the Company s merchant and fulfillment processors. If the Company is unable to make required payments to its merchant and fulfillment processors, the merchant and fulfillment processors may cease processing payme
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