Totally Hemp Crazy (OTCMKTS:THCZ) Gets Pummeled To Pieces

Totally Hemp Crazy (OTCMKTS:THCZ) lost a staggering 19.34% of its market value, as the hype bubble that had been keeping it up finally burst, plunging the ticker to the bottom of the charts.

As we’ve said before, THCZ‘s plummet to the bottom of the charts was all but inevitable. The company has made some very bold claims and boastful announcements ever since it started rolling out goods – but at the end of the day, the numbers provided in its press releases meant very little, because they showed a very fragmented and unclear picture.

What said numbers managed to do is create hype – but as all seasoned OTC Markets investors know, hype can be compared to a double edged sword, and one without a hilt at that. It creates volatility, but volatility can both lead investors into situations where they can make a profit and push them into pitfalls that could cost them dearly.

The ticker seemed to plunge into just one such pitfall yesterday, and none of the irrelevant banter about THCZ being on “Fox Sports 1 as Rocky Mountain High co-sponsors Race Car driver Quinton Bear #94” seemed to matter.

And while on the subject of irrelevant announcements – THCZ pumped out yet another press release just minutes ago. This time, the PR concerned a Corporate Shareholder Meeting that is to take place on September 26, 2015 in Dallas, Texas.

Whether or not said release will affect the company’s descent remains to be seen.