Snap Stock- Healthier Choices Management (HCMC) Stock Sees Selling Pressure This Week – Fintech Zoom
The Healthier Choices Management (OTCMKTS:HCMC) had a pretty rough week last week as it ended up with losses of as much as 25%.
While the losses made by the Healthier Choices stock were significant it is also necessary to point out that the company also made a significant announcement last week with regard to its proposed rights offering. The company announced that the record date for the rights offering has been established on May 18, 2021.
For those who want to be on the record as shareholders before that date, it is necessary to own the Healthier Choices stock on May 14, 2021 4:00 p.m. Eastern Time at the latest.
As per the terms of the rights offering, a shareholder is going to be issued with a solitary non-transferable subscription right for each block of four shares of the Healthier Choices common share that he owns. It remains to be seen if there is more action in the stock as the day of the rights offering approaches.
Finance and Tech Contributor