Healthier Choices Mgmt Corp (HCMC)

[36Knuckle]

From yesterdays post...wouldn't the "NewCo" shares be a RS? Asking for a friend!

"Therefore, at this time, rather than propose a shareholder vote to approve a sizable reverse split, which may or may not be successful (and even if successful may or may not result in added value to our shareholders), management and the board have decided upon a four-point plan that includes the following:

A buyback of up to $5,000,000 of HCMC common stock.

A spinoff of certain HCMC assets into a new publicly traded company (hereinafter referred to as “NewCo” until a name is announced).

A stock dividend to HCMC shareholders of the stock in NewCo, on a to be determined record date, of 100% of the initially issued shares in the new public company, subject to certain dividend conditions.

Equity capital raises from institutional investors to strengthen and fund both HCMC and NewCo moving forward."