Healthier Choices Mgmt Corp (HCMC)

[BerryH]

I don't communicate with anyone on these boards. I met someone on another sight and he shares tips with me regarding penny stocks... and he has been spot on so far.

He pointed out that in order to stay listed, this stock will have to close above a dollar at some point in the near future. But at the shareholder meeting, shareholders are expected to approve an offering of more shares and dilution. So he expects another reverse split sometime after that date followed by more selling.

That's why he thinks smart money is short, except it's hard to borrow shares for stocks trading under $3. He says there's never a sure thing, and it's possible that a new patent or acquisition could always turn things around before the meeting... or the next earnings date could be dangerous for shorts too. But he thinks a reverse split is coming. I guess we'll just have to see.