Helios and Matheson is the parent company of MoviePass.
According to Business Insider, Helios and Matheson postponing a vote on its plan to reverse split its stock for the second time in four months.
The delay is the second in two weeks for the company.
It's another indication that shareholders are resistant to the plan.
Shareholders have seen their holdings in the company plunge amid its huge financial losses and its massive stock issuance.