THC Continue, page-2

I like your confidence Bear, I still have a differing view of where this will end up soon. I got out before this little run, but am pretty sure we will see the lows 20s again, IMO.

With THC in particular, they have all the makings for a very profitable company and I do like the business plan. However, before this pandemic took hold, there was a question mark over their cash flow in the short term. THC even had to answer an ASX query about their short term cash position on Feb 7th. I am a little skeptical now that the world has been turned on its head - they will probably need a credit facility backed by the equity in their Southport facility now. They made their announcement saying that they didn't see the need to raise funds in the foreseeable future - boy has the world changed. Within their Annual Report published on March 31st, they stated that the Covid19 has not had a material effect on their business to date. This has been the last communication in a time where shareholders need real time advice and reassurance from the BOD as to how the business is moving along. It has now been 48 days since THC have made any announcement to do with their operations - i find it hard to believe that there are not disruptions in proceeding towards sales now, there hasn't been any communication either - they can do better for shareholders!

As far as the world goes, IMO, we are in a bubble and it will go bag at some stage. SP500 is only 550 points off its peak again - that is gob smacking. This is potentially the biggest pump and dump world wide ever IMO, held up by stimulus which will wallpaper over the cracks in the short term. Reporting season is upon us, but its only giving a snapshot of half a month of a slow down. The next quarter will tell a shocking story world wide. Look at Virgin. I suspect some major companies world wide and within Australia are going to find trouble. Who is paying commercial rent anywhere at the moment? I still expect the SP500 to see the recent lows again and then continue through them, and in doing that, it will take the All Ords with it.

Huge risk buying now, IMO. Where do you think a 20% jump from here will come from for THC? Risk of needing funds now is huge, the squeeze is surely on, IMO.