news as of today. which explains the insane volume
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Posted On: 03/02/2021 10:11:28 PM
news as of today. which explains the insane volume. all conversions
imho. thats whybwe have dropped so drastically. its almost over though.
we should see major upside very soon back to levels n higher i think
#hcmc
#frewil
https://finance.yahoo.com/news/healthier-choi...00423.html
HOLLYWOOD, FL, March 02, 2021 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (the “Company”) wishes to provide an update on the conversions of its Series C Convertible Preferred Stock (the “Series C Stock”) and other recent stock issuances.
As per the Company’s previous filings, on August 16, 2018, the Company entered into Warrant Exchange Agreements with certain holders of its Series A Warrants to exchange 46,048,318 Series A Warrants for 20,722 shares of its Series B Convertible Preferred Stock (the “Series B Stock”). The Series A Warrants acquired by the Company in that exchange represented approximately 92% of the outstanding Series A Warrants and would have been convertible into 460,483,180,000 shares of Company common stock if exercised as of the date of the Warrant Exchange Agreements. This exchange reduced the amount of common stock to be converted from the Series A Warrants from 460,483,180,000 to 207,220,000,000 – an approximate 45% savings in dilution for the company and its common stock shareholders.
As further disclosed in previous filings, on September 25, 2020, the Company agreed to issue 20,150 Shares of the Series C Stock pursuant to Exchange Agreements with holders of its Series B Stock in exchange for all of the outstanding Series B Stock, none of which had previously been converted to common stock.
Since the issuance of 20,150 shares of Series C Stock, 19,234 shares have been converted into common stock, leaving only 916 shares of Series C Stock left for conversion. Approximately 95% of the Series C Stock has now been converted and cancelled.
In addition, since September 30, 2020, 625,000,000 stock options of the Company have been exercised into common stock. Finally, 2,250,000,000 shares of restricted stock has been issued pursuant to contractual agreements with the Company’s officers and directors.
The current outstanding share count of the Company’s common stock as of March 2, 2021 is 300,334,508,856
imho. thats whybwe have dropped so drastically. its almost over though.
we should see major upside very soon back to levels n higher i think
#hcmc
#frewil
https://finance.yahoo.com/news/healthier-choi...00423.html
HOLLYWOOD, FL, March 02, 2021 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (the “Company”) wishes to provide an update on the conversions of its Series C Convertible Preferred Stock (the “Series C Stock”) and other recent stock issuances.
As per the Company’s previous filings, on August 16, 2018, the Company entered into Warrant Exchange Agreements with certain holders of its Series A Warrants to exchange 46,048,318 Series A Warrants for 20,722 shares of its Series B Convertible Preferred Stock (the “Series B Stock”). The Series A Warrants acquired by the Company in that exchange represented approximately 92% of the outstanding Series A Warrants and would have been convertible into 460,483,180,000 shares of Company common stock if exercised as of the date of the Warrant Exchange Agreements. This exchange reduced the amount of common stock to be converted from the Series A Warrants from 460,483,180,000 to 207,220,000,000 – an approximate 45% savings in dilution for the company and its common stock shareholders.
As further disclosed in previous filings, on September 25, 2020, the Company agreed to issue 20,150 Shares of the Series C Stock pursuant to Exchange Agreements with holders of its Series B Stock in exchange for all of the outstanding Series B Stock, none of which had previously been converted to common stock.
Since the issuance of 20,150 shares of Series C Stock, 19,234 shares have been converted into common stock, leaving only 916 shares of Series C Stock left for conversion. Approximately 95% of the Series C Stock has now been converted and cancelled.
In addition, since September 30, 2020, 625,000,000 stock options of the Company have been exercised into common stock. Finally, 2,250,000,000 shares of restricted stock has been issued pursuant to contractual agreements with the Company’s officers and directors.
The current outstanding share count of the Company’s common stock as of March 2, 2021 is 300,334,508,856
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