Lucky for us you’re not running the company because you’re pretty off mark with all the THC figures mentioned in your post...
I’ll take my time explaining the situation to you so you can properly understand what’s happened.
Have you heard that mutton chops and Robert Redford have or are about to leave the building?
No more need to smear AB and his team with imaginary negative information as it’s all over my dear chap.
Just so you know, AB was at helm when THC listed on ASX and went from 20c at IPO to 40c.
The share price then fluctuated up and down like all other shares with AB as chairman.
In the meantime, deals were being made in the background by AB’s team and these came to fruitition a bit later in year.
Unfortunately for AB there was a rat in the team *cough* mutton chops *cough* and he hijacked the company with his cohorts and attempted to steer the company off course by bringing in an aging movie star, let’s call him RR.
At this time, in October 2017, the deals done by previous management were crystallising in the form of Endoca and Bolparma whilst the 2nd licence applied for by AB was granted and MM sector was on fire.
All of the above sent the share price skyrocketing up to $1+...
Mutton chops and his crew had nothing to do with this price rise except to be in power at the time after his mutiny of the ship.
Naturally they took all the accolades and tried to portray themselves as the hero’s for the team.
When it became known that they had taken over THC in the manner that they did and transparency in their dealings was non existent, they began to stink up the joint and major shareholders, as well as partners in Canada became unhappy and the share price started to dip.
AB saw what was happening and decided to do EGM to stop them destroying the company in the long term.
Price dipped after this but there was no alternative because major shareholders would have abandoned the THC ship as well as Canadian counterparts...
Mutton chops cronies saw that it was all over and the shares they’d purchased to vote for him at EGM were no longer required. So they started selling them off big time and this pushed the price down further.
Can you understand what I’m saying Norman?
Once this EGM is over the price will quickly go back up over $1 and I believe with AB’s new expert team that it should hit $2 in the next 12 months to be competing with AC 8 and CAN.
Fasten your seatbelts and hang on for a skyrocketing ride my friend...
THC Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
(20min delay)