Replies to post #20938 on Healthier Choices Mgmt Corp (HCMC)

[WebSlinger]

<< I believe its a note holder. They traded $23million in shares to squash $29million in debt. I believe they been executing those. No worrys because that is nearly done. >>

Sorry, but that doesn't seem to be correct.

In May 2016, the O/S was 5 BILLION shares. That alone is a HUGE O/S. In just 4.5 years, they have diluted another 133 BILLION shares. That is more than a BILLION shares every 2 weeks.

So this isn't just a recent event. It is an MO for the company.

And there is no sign of it stopping.

This will continue until the next reverse split, and then they will start the process all over again.

Wash, rinse, repeat...

[TreasureCoastTraders]

I thought I read they have 2 million secured for their line of credit and it appears that another company that they sold part of a while ago still owes them a bit of money, several hundred thousands.

I don't have my notes in front of me and was researching several Florida corporations at the same time, but I feel that this wasn't something buried and it is in one of their filings.

The nice thing is that they are an actual business with real employees??

[luckydog8098]

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