At one point, the Healthier Choices Management Corporation (OTCMKTS:HCMC) stock was one of the notable movers from among penny stocks but things have changed somewhat in recent times.
Yesterday, the stock was trading in a range and this period of lull might just be the right time to take a closer look at the company. In this regard, it should be noted that there has been no news at all about Healthier Choices Management Corporation in recent months and the last time any news emerged about the company was back in June.
Back on June 14 the company announced that the expiry date with regards to its rights offering had passed. The company noted that as it had announced previously the expiration date had actually passed on June 10 and investors could no longer exercise their rights.
While the rights offering from the company was certainly a significant development, it should also be noted that since then there has not been any new development that could have led to any kind of move in the stock. It was also announced at the time that the entirety of the exercised subscription rights added up to as many as 27 billion shares.
