As mentioned by others we have around 6,500+ shareholders, this is mentioned by our CEO in the Bundaberg article.
On average im assuming we could get $4,000 per shareholder, we could potentially raise 26 million dollars+.
This would help with entering the European market, further expansion in NZ and setting up shop in QLD and Nova Scotia..
I think its a very very wise move by managers, as mentioned by others, we are better off doing an SPP now so a support level is built, the company is cashed up and finally allowing the SP to go NUTS once the license is handed to us.
I can only imagine the revenue we will have going forward, others will have no choice but to work with THC or burn their crops.. Great advantage we currently have, three years ahead of CAN and imagine the efficiencies we can implement by the time others have their facilities built up.. dont be surprised if our market cap overtakes theirs and we enter the all ord and soon after the top 300..
Time to fasten your seatbelts ladies and gets..
THC is ready for a re-rate!!
GLTAH
please DYOR
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- Ann: THC Global Launches Share Purchase Plan
Ann: THC Global Launches Share Purchase Plan, page-36
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