https://youtu.be/cm4nLgg6whU
For Healthy Choices Management, ticker HCMC, we are all impatiently waiting for a court decision on their court case vs Phillip Morris case. We all want to know when we can expect a verdict?
This is going to be a quick update on the court case, on the status of HCMC’s stock and security details.
But remember OTC stocks like HCMC are highly risky, so I only invest money in OTC’s that I can afford to lose. High risk can also mean a high potential reward. But remember, this is not financial advice, and for entertainment only.
Hi investing friends, this is Lynn, and welcome back!
So Let’s go and review HCMC’s latest news.
But first, if you could give it a thumbs-up in return for my efforts analyzing these stocks, it would be greatly appreciated. And, while you’re at it subscribe to our newsletter in the link below so that you can be notified before videos like this one come out.
Unfortunately, regarding the lawsuit there is no deadline, which means we have no way of knowing when the judge will decide on this case. Lawyer Jawsomesauce gave an estimate based upon past decision time averages, for a decision on this case in Late October to early December. When it comes to an estimate, YouTube channel Jawsomesauce, who is a lawyer, is our best bet to give an opinion.
I did find this post on Twitter that went into HCMC’s response to PMI. There have been some interesting developments though recently. In Looking at HCMC’s amended complaint, they responded to a lot of the things that PM was saying against them. Here they talk about Michael Deible, Ph.D., who holds a doctorate in physical chemistry and his analysis concludes that, “based on the testing analysis that I performed, and my review of the technical literature, the IQOS device causes combustion of a HeatSick tobacco product when it is operated in accordance with its instructions for use.”
As set forth throughout his declaration, Dr. Deible’s analysis was based on, “tests that I conducted on the IQOS device in my laboratory. My testing and analysis indicates that operation of the IQOS device results in combustion of HeatSick tobacco products. And he goes in here with more detail. Then he says, HCMC’s Amended Complaint alleges that the IQOS device initiates a combustion reaction based on results of its own testing and not on PMI’s admissions to the FDA. As a result HCMC’s reliance on Exhibit J has been expressly disavowed, it is a legal nullity, and it should not be considered by the Court when assessing the plausibility of the assertions made in HCMC’s Amended Complaint.
Then the other complaint from PMI against HCMC, HCMC and investors executives and board members sold millions of shares during the artificial spike in HCMC’s shares. PMI’s attorneys responded to the court case that these “factual contentions have evidentiary support.”
But the pubic records prove that not a single officer or director of HCMC has sold a single share of common stock since the complaint was filed.
So this is excellent evidence that I found posted on October 26th that will help us to understand the direction of this case.
In its Opposition, PMI’s only challenge to the plausibility of HCMC’s allegations that, based on Dr. Deible’s analysis that the IQPS system initiates a combustion reaction, is that “Dr. Deible concedes that he did not test an actual IQOS device.” But PMI’s assertion is demonstratably false, De Deible made no such concession an did, in fact, test “an actual IQOS device” using commercially available IQOS HeatSticks-which eviscerates PI’s sole challenge to the plausibility of HCMC’s infringement claims.
But as Jawsomesauce says, the judge could drag out this decision as long as he wants to.
In the meantime, the stock has been trending down per their stock chart, despite the fact that short sellers are showing a reduced interest in this stock. This one-year chart shows a big spike in price on February 11th, to a high of $0.0065, and after a trend down, another large spike on May 3rd. You can see in this chart the trending direction over the past year, then you can see on the 10 day-chart that the stock was bouncing off a base of $0.0005. But, per this OTC Short report, you can see by the numbers here the percent of volume shorted is still of a concern.
We are still looking for that short squeeze when the court decision comes out, that we are hoping will be in HCMC’s favor!
This MarketWatch slide shows an a close to 60 thousand percent gain for HCMC over the past year, then a pullback over the past three months, to little change over the past month.
Let’s look at HCMC’s security details the gain further insight into the status of this stock. HCMC has a small market cap of 185 million shares, with a huge amount of 339 billion outstanding shares and an enormous 7-billion-dollar float for a stock of this size.
On a more positive note, per this NASDAQ slide, HCMC is showing a good amount of institutional owners and shareholders. Twelve institutions have filed 13x type forms, and hold a total of 235 million shares. These are not many shares overall with a total of .07% ownership of the company’s stock, but it’s great to see that institutions are taking an interest in HCMC. You can see that 4 previous investors hold zero or 1 share. The largest institutional shareholders in HCMC include FineMark National Bank & Trust, Kovack Advisors, Inc., Captrust Financial Advisors and White Lighthouse Investment Management Inc.,
FYI, major shareholders can include individual investors, mutual funds, hedge funds, or institutions.
I always love hearing from you, so please let me know in the comments below, what your thoughts are about HCMC, or any other stocks you are liking right now. Also go here to view our original deep-dive video on HCMC, and our Penny stocks under $1 playlist.