This morning the Healthier Choices Management Corp (OTCMKTS:HCMC) has declined by 7% after the announcement that the expiration date for its rights offering has been extended to June 10, 2021 from June 3, 2021.
The rights offering from the company has generated a certain degree of buzz in recent days but this update seems to have soured the sentiments of investors somewhat. It has emerged that the company got reports which revealed that some custodians and brokers had set up cut off dates that were earlier than the date specified by Healthier Choices Management Corp.
In addition to that, the clients of these brokers and custodians did not have any idea about this either. The company revealed that many of its shareholders in home and abroad has been informed by the brokers that the cut off date was May 28, 2021. Hence, this move from Healthier Choices Management Corp makes sense and will help investors, who had been misled, to participate in the offering.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.