Business
Healthy Coffee International, Inc. Announces Convertible Preferred Stock Dividend
Healthy Coffee International, Inc. Announces Convertible Preferred Stock Dividend.
About this update from Healthy Coffee International Inc
[{"type":"text","content":"\n \n \n 72\n \n\n\nNews Release\n\n\n\nHealthy Coffee International, Inc.\nAnnounces Convertible Preferred Stock Dividend\n\n\n\nIrvine, CA – February 17, 2016\n\n \n\nHealthy Coffee International, Inc. (OTC: HCEI) (\"the\nCompany\"), is pleased to announce its inaugural convertible preferred\nstock dividend for the shareholders of record as of March 1st, 2016.\n\n \n\n\"One of the critical ingredients to being successful\nwhen building equity is to be able to quickly adjust where needed to take\nadvantage of markets conditions and opportunities,\" says Rick Aguiluz, CEO\nof Healthy Coffee International, Inc. \"This is why we're issuing the\nConvertible Securities - it's us seeing a need and moving swiftly to fill\nit.\"\n\n \n\n\"Stockholders will receive one (1) Restricted Preferred\nshare of Healthy Coffee International, Inc. for every 100,000 shares held as of\nRecord Date March 1st, 2016. The Company will also issue fractional\nshares to our investors as we realize that some may have purchased less than\n100,000 shares during this period,\" explains Aguiluz. The pay date for\nthis dividend is April 1st, 2016.\n\n\n\n\"This announcement and impending issuance will help\nthose that have seen the dilution in the open market affect their cost\naverage,\" says Aguiluz. \"Issuing Anti-Dilutive Convertible Preferred\nSecurities to stockholders as dividends also ensures that they will not be\nimpacted by third-party debt conversions. The conversions of these securities\nare technically set at a price that the company could never trade or be quoted\nat which is .00001 par value, so these securities are not price sensitive, and\nthey are also anti-dilutive.\"\n\n \n\nHe further added, \"We have decided to award all of our\nloyal shareholders with this additional stock because they have stuck with us\nthrough our transitional phases. Many of our shareholders have held this stock\nfor several years. Now, along with newer shareholders, they will become\nbeneficiaries of our anticipated growth.\"\n\n \n\n\"The management would like to personally thank all of\nthe shareholders of record of Healthy Coffee International, Inc. for all of\nyour support over the last few years. We are excited about the directions that\nwe are headed and will continue to press on until we reach our goals and\nobjectives,\" says Aguiluz...