Totally Hemp Crazy (OTCMKTS:THCZ) Flies High On Revenue News
Totally Hemp Crazy (OTCMKTS:THCZ) managed to jump 16.87% on Friday, after announcing that it has made $730 worth of revenues this last quarter.
It is easy to see why THCZ‘s bold statements would excite investors. After all, the the press release did give some pretty impressive figures while recounting THCZ‘s myriad achievements to date. It even noted the company’s intention to up-list to a higher tier of the OTC Markets – which is understandable. After all, the boastful figures the company keeps throwing at investors are accurate, THCZ may indeed outgrow the Pinksheets soon.
Still, investors should duly note well that until they end up in official audited filing, the numbers that THCZ keeps parading will remain unproven.
As it is now, there is no real way to know whether or not they are accurate – and even if they are, perceptive investors would have probably noticed by now that THCZ keeps boasting about revenue, but somehow always fails to mention how said revenue figure translates into profit.
One thing is certain – Friday’s announcement managed to push THCZ explosively up the charts, but its jump was hype-driven, as usual. And, we all know what happens immediately after hyped up tickers lose their thunder – we’ve seen THCZ crash after multiple such jumps.
True enough, this time the outcome may actually be different, seeing as how another press release praising THCZ hit the web hist minutes ago. However, investors need to take care, as even if said article manages to prolong THCZ‘s ascent, there’s still a fair chance that it is just postponing the inevitable crash.
