 In this video, I'm going to give a HCMC update with a penny stock that could see some explosive gains, but it has been moving down recently, but we could see it move back up again. It's got the potential to do so. Let's just go through some recent updates and news on this particular penny stock HCMC, which is of course Healthier Choices Management Corp. They do have the Intellectual Property Holdings, they've got the Healthier Choice Markets and then the Vape Stores, of course, on this particular penny stock. Moving on to the information, first of all it's announced a sale of 5 million of preferred stock, convertible common stock, initially at 150% premium to company's most recent closing price, which is actually quite big, the fact that it's gone at 150% premium due to, apart from the recent closing price. Now moving on, we've also got this recent report, which is the fourth quarter for the financial results here and ultimately we've got some information. So we've got net sales from continued operations for the full year and that amounted to 13.9 for the year ending, amounted to 13.9 million compared to 15.1 million during the same period. Growth Profit continued operations decreased by 0.7 million for the year, resulted in a year and a year amount of 5.8 million compared to 6.5 million for the same period. Last year operating expenses of the percentage has decreased 16% in the fourth quarter versus prior year. So some interesting information, I've got some financial advice here, I'm a business teacher in my day life but I'm no expert on the stock market. And if you could smash the like button, get this HCMC video out there, that'd be fantastic. But some recent news here, so what has been said by the CEO of Healthier Choices Management, he said we are delighted with our performance of the fourth quarter, especially proud of our improvements there. And then also Holman continued despite low net sales by 1.2 million due to the pandemic, our team's ability to reinvent the ways we do business on many levels actually improved what there was doing there. And I found this recent article as well which is the 7th of March about HCMC and just to go through it with some interesting stuff. It's making a par house move up the charts after the company reported 13.9 million in net sales. Okay, so there's some interesting stuff going on. So they had HCMC regularly trades over $10 million in volume per day and it has got a lot of investor sentiment. There's a lot of people that are behind this stock but there's also a lot of short as they're trying to short the stock, which is interesting in terms of what's going on there. The different time just a few short years ago now penny stocks can achieve $6 billion plus market valuation and trade $375 million in dollar volume. The big story on HCMC is its patent infringement lawsuit against billion dollar conglomerate Philip Morris and Philip Morris products in connection with their product known and marketed as that product there. The lawsuit was filed on the United States District Court for the Northern District of Georgia and ultimately it claims that it is currently approaching 14 million users of its product and is reportedly invested over $3 billion in their smirkless tobacco products and they're saying that they're infringing, HCMC is saying that they're infringing upon that. So obviously we're just waiting for developments on how that goes into the future. Some interesting tweets here though, despite the pandemic HCMC was able to increase, surprisingly managed to increase operating expenses or decrease. So very interesting stuff. Another point is that a lot of the stocks in the market have been moving down a lot recently because there's a lot of uncertainty in the market and we had a market correction. So of course when penny stocks are on the market they tend to get hit a lot more than any other stock. So with this being a really really really cheap penny stock then it gets hit more compared to other stocks because it is a bit speculative in the sense of, you know, it's in terms of the lawsuit, it's in terms of that as well. So it's speculative in that sense. So it gets hit more than other stocks. So I think that it's had a massive sell-off up to the point where it could have a bit of potential upside depending on what happens with the lawsuit and, you know, all the recent information that's coming out with the updates. But one thing to know is that the Senate has actually passed a $1.9 trillion relief bill, right? So that's had some certainty into the market. There's a bit of uncertainty going around and of course the stock market likes certainty. So now that that's now passed and confirmed, you know, we could see the overall market going up and then maybe HCMC might see some gains from that as people start to get back into these sort of speculative penny stock players. Now it's currently set to 0.0015 USD. Okay. So it's set at a fairly low level although it has to start to make a bit of an increase from its recent lows. When it started off the day on Friday at 11.10 it was at 0.0012 and then towards the end it was at 1.5. So it's showing signs that it can move up when the overall market is also increasing. So, I mean, you can see down here there was obviously in the past five days the stock market was incredibly, well, it was correcting quite a lot, right? So it has moved down in relation to that as well. But, you know, you have those recent news in terms of the financial results. We're still waiting on update in terms of the actual Philip Morris case. Okay, but I think that with the stock market hopefully, hopefully kind of calming down a little bit, it might present a good entry point to this stock here as a quick swing trade potentially. Now, thank you for watching this video. Don't forget to hit that subscribe button if you're new. Welcome. We cover many penny stocks and growth stocks, so do subscribe and smash the like button to get this HCMC video out there to more and more people. And that'd be much appreciated. Thanks for watching. I'll see everybody later.