THC is being held down - Theory

Someone is accumulating at 37-38.5c and not letting it break 41-42c until option expiry ends. This way the company won’t have as many shares on issue and will rise higher in the new year. Someone keeps buying the options at crazy prices and in volume. Imagine having to buy 1m shares on market, it wouldn’t be at 40c and lower. But by buying THCO at half a cent or less they get to buy THC shares in volume at 40.5c or lower.

The company probably doesn’t need more than $3-4m on top of what it has for the next 12 months so anything more will just be dilutive.

It wouldn’t be a surprise to see one or two new large shareholders on the register post 31 Dec as they keep buying up the options cheaply and getting to convert before 31 Dec into shares.