Totally Hemp Crazy (OTCMKTS:THCZ) Falls On Its Face Again

Many investors hoped to see Totally Hemp Crazy (OTCMKTS:THCZ) rise like a phoenix from the ashes and blaze a burning trail to the top of the charts before this week is out, but with each passing day this seems less and less likely.

Yesterday saw the company lose 14.36% of its market value in the span of a single session, and while the company’s supporters may have been “disappointed to see the stock slipping day after day this week”, this turn of events should have not been all that difficult to predict and prepare for.

As we’ve said in the past, THCZ‘s precarious hold on the market was bound to lead to a pullback, and a severe crash was in no way out of the question.

Sure, the company seems to have potential and its plans for the future and if its announcements are to be believed, those are coming along nicely. However, investors should not forget that while THCZ might appear to show promise, there is currently no proof that its plans are going to come to fruition as well as its boastful announcements would have investors believe.

What investors need in this case is a financial report that would throw some much needed light on the company’s actual progress in these last few months. Unfortunately, since THCZ‘s fiscal year ends on June 30, the wait for such a report will be a long one.

This more or less means that investors that wish to commit to THCZ in the next few months will have to go in blind. Which, in turn, is why in the foreseeable future the ticker will likely be as unpredictable and volatile as any other dubious OTC Markets pinksheets penny stock.

Investors should take that into consideration when dealing with THCZ.