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THC Biomed Intl Ltd C.THC

Alternate Symbol(s):  THCBF

THC Biomed Intl Ltd. is a Canada-based cannabis company. The Company is engaged in the production of medical and recreational cannabis. It is licensed to cultivate and sell dried, extract, edible and topical cannabis. The Company is also engaged in scientific research and the development of products and services, with patient safety as a guiding principle. Its subsidiaries include THC BioMed Ltd., Clone Shipper Ltd., THC BioMed Victoria Falls Ltd., THC2GO Dispensaries Ltd. (THC2GO), and THC BioMed Lesotho Ltd. (THC Lesotho).


CSE:THC - Post by User

Bullboard Posts
Comment by boarmanon May 30, 2019 11:57am
98 Views
Post# 29785381

RE:So JM is borrowing $500k and buying 500k shares

RE:So JM is borrowing $500k and buying 500k shares
fringelife wrote: with the line of credit, which would only be $150k at current SP. Am I reading all this right? If so, it's pretty damn good news for a company trading at these levels


how is this good news? JM is personally lending the company money for "operations and expansion" ie, payroll.. they must not have any revenue, and can't get money from 'real' sources.. they were doing 500k drawdowns from alumina on a weekly basis earlier this year and with all that cash, they still have no money.. how long is a 500k line of credit going to actually last them? a week, two weeks?

Also JM (if I recall) already owns more than 20million shares and has a sh*t tonne of (underwater) warrants.. buying 500k shares seems like a marketing strategy cooked up by the new IR consultants.. it feels pretty shallow.
Bullboard Posts