The statement that HCMC is a fake stock is not accurate and is based on a misunderstanding of the company's stock market status and operations.
- Stock Market Status: HCMC's stock is listed on the OTC Markets under the symbol HCMC. While it may be considered a "penny stock," this does not make it a fake stock. Penny stocks are simply stocks that trade at low prices, often below $5 per share, and are typically issued by small companies1.
- Company Operations: HCMC operates twelve retail stores and is involved in a patent lawsuit against Philip Morris. The company has also been involved in various acquisitions and equity buybacks, as reported in their SEC filings2. These actions demonstrate that HCMC is a real company with active business operations.
- Share Structure: HCMC has a large number of shares outstanding, with approximately 300 billion shares1. This high number of shares can make it difficult for the stock price to rise significantly, as the market capitalization is already very high.
- Investment Risk: It is important for investors to understand that investing in HCMC or any penny stock carries a high risk of loss. The company's stock performance has been volatile, and it has underperformed the US Consumer Retailing industry and the US Market over the past year2.
In conclusion, HCMC is not a fake stock. It is a real company with a legitimate business presence and stock market listing, although it carries significant investment risk due to its penny stock status and volatile performance.