Healthier Choices Mgmt Corp (HCMC)

[iwant1mil]

Terrible 10-Q as expected.

On May 2, 2016, the OTCBQB staff notified the Company that, based upon its non-compliance with the minimum $0.01 bid price requirement for the prior 30 consecutive business days, the Company – in accordance with the OTCQB Standards – has been provided a grace period, through October 31, 2016, to regain compliance with the minimum bid price requirement. If the Company’s common stock bid price does not close at or above $0.01 for ten consecutive trading days by October 31, 2016, the Company will be moved to the OTC Pink marketplace. If a delisting from OTCQB took place, the Company would no longer meet the “Equity Conditions” required to issue Company common stock to fulfill a cashless exercise pursuant to Section 1(d) of its Series A Warrants. If the Company fails to meet certain conditions set forth in the Series A Warrants, the Company may be required to elect to make cash payments to satisfy its obligations pursuant to the Series A Warrants.

In other words, come Oct 31, VPCO will become a dead stock because they won't be able to make the cash payments for the Serias A Warrants.