Healthier Choices Mgmt Corp (HCMC)

[Deuce22]

The only reason to do a reverse split is to get the share price back over a dollar and stay on the Nasdaq. Again, I don't know what the law requires for reverse splits where they are incorporated but some states require a shareholder vote. So again, I'm not sure they can take a snap board vote to do it. I'd love to know for sure. Anyone know?

If they can't do a reverse legally then the easiest way to get that share price back over the magic dollar mark is to do a buyback. You do a buyback with some of the cash on hand and then do another capital raise with the shares in the treasury when necessary.

They don't have any real debt so I think that strategy is a possibility. If they can't do the reverse then it is probably a necessity and we should be buying common stock ASAP. I realize that may create another overbought situation until they dilute with the warrants but the fact remains the price has to get over a dollar soon one way or another.

== All Opinion ==