HCMC poised for Bull Run
HCMC -
Recently announced 02/08/2021 an equity capital raise through the sale in a private placement of $5,000,000 of its Series D preferred stock to certain institutional investors. The Series D preferred stock is convertible into HCMC common stock at an initial conversion price of $0.0024, a 150% premium to its last market closing price on Friday, February 5, 2021, of $0.0016.
Right now it is up 25% from the day at .0043
They specialize in organic food markets and vape stores in the South East. Their stores have good ratings on Google.
They are currently increasing revenue year over year and they are getting close to profitable.
The technicals look good with their short term Moving Average just recently crossing their 100 day moving average in the positive direction.
They are also going to be having a lawsuit for a patent resolve at the end of this month (2/26) and there has been a lot of share conversion to common stock by insiders anticipating a price increase suggesting a favorable settlement outcome.
There appears to be a bullish pennant pattern forming here. Lets see what happens today.
Recently announced 02/08/2021 an equity capital raise through the sale in a private placement of $5,000,000 of its Series D preferred stock to certain institutional investors. The Series D preferred stock is convertible into HCMC common stock at an initial conversion price of $0.0024, a 150% premium to its last market closing price on Friday, February 5, 2021, of $0.0016.
Right now it is up 25% from the day at .0043
They specialize in organic food markets and vape stores in the South East. Their stores have good ratings on Google.
They are currently increasing revenue year over year and they are getting close to profitable.
The technicals look good with their short term Moving Average just recently crossing their 100 day moving average in the positive direction.
They are also going to be having a lawsuit for a patent resolve at the end of this month (2/26) and there has been a lot of share conversion to common stock by insiders anticipating a price increase suggesting a favorable settlement outcome.
There appears to be a bullish pennant pattern forming here. Lets see what happens today.
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