Replies to post #11918 on THC Therapeutics Inc. (THCT)

[Us3rN4m3]

I don't think the float is 3 mil anymore. And you guys have until the new year to hope for the PPS to rise because once your knight in shining armor sells his share and he will, the float won't save you. Trouble now is, for the bag holders, even with news no one wants to touch this, so you can't even pump it.

[pseeker]

The low float is meaningless as it will work both ways. Look what happened when the "big news" was released. The problem is the O/S which gives this issue a market cap. of close to $50,000,000. I think they listed the assets at $120k or so. With no revenue and no business plan established yet I believe it is grossly overvalued.

The CEO giving himself control of over 300,000,000 shares is far, far, worse in the longterm than a reverse split. Shareholders once owned 40% of the company, now they own 1% (which is increasing due to the recent dilution. I think it's around 3-4% now)