Healthier Choices Mgmt Corp (HCMC)

[iwant1mil]

I believe "cashless" means they can only trade their converted shares. So the Vapor con men get to keep every penny they SCAMMED from the warrant holders. The 8-k is saying the holders can't use a closing price of less than .0001 to determine how many shares they get when converting. So the most shares they can get is when the pps is at .0001. This was already in the 10-Q from Aug 15. This POS SCAM is triple toast.

8-K:
"On October 5, 2016, Vapor Corp. (the “Company”) amended and restated its Series A Warrant Standstill Agreements (the “Amended Standstill Agreements”) to permit each holder (each, a “Holder”) to effect a “cashless” exercise of the Series A Warrants only on dates when the closing bid price used to determine the “net number” of shares to be issued upon exercise is at or above $0.0001 per share. All of the other provisions of the prior Series A Warrant Standstill Agreement, dated June 17, 2016, remain in effect. Approximately 90% of the Series A Warrants are subject to the Amended Standstill Agreements."

10-Q:
"The approximately 723 billion shares issuable upon full exercise of the Company’s 48 outstanding Series A Warrants is calculated (1) using a Black Scholes Value of $1,514,637 per share and a closing stock price of $0.0001 per share and (2) assuming the Company delivers only common stock upon exercise of the Series A Warrants and not cash payments as permitted under the terms of the Series A Warrants."