RE:RE:RE:RE:2021 THC will dissolve operationsThis feels like JM trying to squeeze (one of) the last drop(s) of blood out of the company before declaring bankruptcy... but it's probably not there quite yet. Hard to believe that a company that's been operating now for about 5 years, with supposedly low overhead, still cant bring in enough revenue to sustain operations, isn't it?
I wonder who the private investor is who's willing to pay 15 cents a share? Same person who shorted the stock a month ago while this deal was being cooked up?
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SheerBolshevik wrote: Who the heck are they going to convince to buy any of these shares when the shareprice and value is literally getting decayed and diluted into oblivion?
And to think, this mess could have been avoided, by bringing some real industry expertise onboard, by re-affirming investor convidence with interviews, presentations and transparency.
I'll never forget that Toronto Star article in 2018 that mentioned THC Biomed and of course 'John Miller could not be reached for comment'
A tragic comedt this whole situation.
Convince me otherwise. Anyone?
Walterthedog wrote: I can't think of a worse way to raise money. I can't think of a more perfect way to destroy the value of the company than to have further tranches up to a total value of 1.5M$ waiting in queue to continue to decimate the SP. Any credit I have given Miller in the past, I take back. I'm really curious what he thinks the next round will go for? More than market value? I think not.