Investors should remember that these companies remain highly volatile. Of course, as with all penny stocks, a degree of caution should be taken with these plays. This isn’t over yet, and investors still have reason to be hopeful that things could turn out in their favor. The company prepared a scientist to testify with regards to the combustion component in question.Īccordingly, today, investors in HCMC stock seem to like the fact that Healthier Choices was able to meet the deadline. However, on Friday, Healthier Choices met the deadline for submission and filed its amended claim. The judge agreed and dismissed the request. 5 to deny the request for extension, citing share-price speculation as a key reason. This was followed by a motion by Philip Morris on Aug. 2, Healthier Choices asked to extend the original deadline to Aug. However, the judge gave the company 14 days to put together amendments to the claim and then submit again. On July 23, the judge hearing the case dismissed Healthier Choice’s claim. However, a timeline of events suggests investors are pricing in an increased probability of a win today. Ultimately, situations like these are hard to adjudicate from the outside looking in. Of course, any sort of significant win in patent court could provide speculators in HCMC with a big win. Philip Morris has denied the claims and asserted that its IQOS device doesn’t perform combustion. This lawsuit alleges that the Philip Morris IQOS device infringes on a combustion electronic pipe patent held by Healthier Choices. Last year, Healthier Choices launched a patent infringement lawsuit against Philip Morris. HCMC Stock Higher on Improved Expectations for Lawsuit
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