RE:THC Biomed has great potential, but needs managementWow, two weeks a member and you have written 3 posts and thay are all about THC. Strange that every post is a negative one. You are a real Sweetheart to join Stockhouse in order to empty your writing bowels for our enjoyment! haha. Get lost Loser!
Member Since:
December 12, 2016
Rating
- Quality
- Performance
- Participation
- Reputation
Activity
| Blogs |
0 |
| Blog Posts |
0 |
| Blog Reads |
0 |
| Groups |
0 |
| Bullboard Posts |
3 |
| Bullboard Reads |
126
|
24Shadow6 wrote: People are asking why THC Biomed has been stalled. The CEO has made a series of great moves and has positioned THC Biomed to be a leader in the sector and based on that they should have a share price > @$2. However, they are pre-revenue and although their licenses are in place there is no evidence that they can deliver on their significant promise. They are stating that they have a leading scientific team but the team listed on their website does not seem to match the promise;
https://thcbiomed.com/about/who-we-are/
It appears that Dr. Kim is their lead scientist but there is little about her on the site and she does not seem to have any presence on Linked in or other professional networks. As far as I can see they do not have either a Chief Technology Officer or a Chief Operations Officer, both are which are critical for an science based operation with a >$100 Million market cap. The scientific instrumentation shown on the facility photo gallery looks old and obsolute.
They did have a stragetic partnership with Supra and the interviews and press that Supra's President was involved in did look crediable, but this connection has been broken, so they are back to their original scientific team.
They have stated that they intend to set up their own R&D facility and that is a good thing. If they came out and announced a crediable Chief Technology Officer and/or a Chief Operations Officer, I predict that their stock price would jump to over $2 and so I am waiting for hints that might happen soon. It seems like a no brainer really, a few hundred thousand dollars in salaries for a doubling of share holder value.
As things now stand the arguement about smoke and mirrors and a valuation of $0.40 to $0.80 are hard to ignore. However, this company is better than this and we just need some action from the management team to have this take off.
I fully expect that they trolls on here will respond to this like they do to any contributor that doesn't support their view 100%, so bash away crazy trollsters...