Replies to post #5287 on 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 ==

[bullrider2]

Agree 100% about the management F+ team. They really do stink horribly in a public IPO stock for investors share value. With this low Float and outstanding share count, not to mention the chain of stores they're opening in prime locations with excellent clientele, this stock should be at lease $5.00 a share. Management is really dropping the ball on this one.

Who ever mention about a share buy back about 3 or 4 comments down hit the nail right on the head. The only thing left imo to get this baby back to a dollar with out doing a r/s is a share buy back. Knowing these guys they're going to take the best way out for their pockets, and that is to do another r/s. so they can dilute it back down to pennyland.