THC Biomed Intl Ltd C.THC

Please JM take you your wife and your daughter and resign

[RamboOO7]

We don't like bow you run things, imbeciles .

[RamboOO7]

At October 31, 2021, the Chief Executive Officer owes $123,810 (July 31, 2021 - $110,757) to the Company.

[winnerscircle]

Rambo ...Miller paying back 100k is not gonna change anything at THC...the culture there is keep everything in the family stay small soo no regulatorys even notice the company and keep collecting rent from themselves ...funded by investors.....Thats Miller and teams culture ...there is no room to grow shareholder value with Millers mindset and family plans.....if nothing else ...big lesson learned

[RamboOO7]

Not to late to call regulatory now mention to them our concerns. I think i read JM owed $800,000 to the company once. Probably borrowed money from the company buy 2 units at Arcland road and sell it back to the company.

[RamboOO7]

He had so much more money to make between him and his wife with all those share .

[RamboOO7]

Sounds like Miller wasn't honest at the beginning. Some regulatory should check if those 2 conditional purchase offers really existed for the green house in Ontario and other property in West Kelowna. No addresses were ever mentioned in the news releases.

[LongDollars]

Although I don't agree with THC renting space from both the CEO and CFO because I see it as a conflict of interest, it's actually not as bad as you guys make it sound. For a growing business it actually makes more sense to rent property and they can write alot of it off come tax time as it is a business expense. If I recall the the rent isn't outrageous either (I think I read$2450)

[Petespipe]

Yes, that's the way I read it. Shareholders are also investing in Kelowna real estate. We are paying for a mortgage, correct me if I'm wrong

[KelownaClown]

It's both - THC is both renting / leasing, and owns some properties. They're leasing some units in 2550 Acland (from the CEO/CFO), and some the company owns and has mortgages on (the downtown locaiton and other units at 2550 Acland). But guys, regarding the rental/lease amounts, check the report  - the $2500 per month rental / lease charge is for ONE unit, it's not the total !!

[LongDollars]

I get that but what is the alternative? They buy another unit for for over $500,000 in the same building and pay an interest rate of 10% on a mortgage. I'd rather see them pay the rent at approximately 25-30k/year to themselves with a tax break than shell out over 50k in just interest on the loan to the bank.

[KelownaClown]

I'm sure JM and his wife appreciate your concern for them. 

[LongDollars]

I don't have have many concerns and what I said makes sense - You just don't have an argument for what was said so you resort to a snarky comment or personal attack. I am curious though as to why you have so many concerns regarding this company because you always show up here after financials.

[KelownaClown]

@Longdollars, so you just said: "I'd rather see them pay the rent at approximately 25-30k/year to themselves with a tax break than shell out over 50k in just interest on the loan to the bank". Oh, so in other words, you're saying you're more concerned about the financial well-being of JM and his bride, not the share-holders? If the company bought the properties, and the

[LongDollars]

Yep, I'm JM - Good luck finding me. You take things way too far out of context. All that I'm saying is that rent is a common expense amongst ANY business. Whatever they pay, $2450/month to an insider or not, they'd be paying almost twice that to interest alone while just servicing the debt to a loan. I don't know where you live but real estate is expensive. You couldn't buy a

[KelownaClown]

Jeezuz, 1.8 millon shares?? Man, that's a whack of shares. My holding of THC peaked at just slightly over 700,000 shares, which i was holding on January 2-4 2018 when the stock briefly went over $3...I literally couldn't sell fast enough. Anyway, hope your average cost aint much above today's price.