Healthier Choices Mgmt Corp (HCMC)

[killmaster6666]

Sorry but you are mistaken. The reverse split was one of the requirements of the contract they had when they raised the 10 million dollars. The RS allowed them to be within listing price of the NASDAQ. It was just a preperation step

Within 60 days after closing, the Company is required to effect a reverse stock split on its common stock at a ratio determined in good faith by the Company's Board of Directors (the "Board") based on market conditions and other factors it deems relevant subject to the reasonable approval of the Investors which are affiliates of AWM Investment Company; provided, however, that the split ratio is required to yield an immediate post-split adjusted price per share of common stock of not less than 150% of the minimum bid price required for the Company to list its shares of common stock on The NASDAQ Capital Market;

you can read the 8K that explains it here