Blum Holdings Inc (BLMH)

[Professor Penny PhD]

You are confusing debt and deficit. While it's true TRTC has an accumulated deficit of 19,753,807, only 6,092,156 is currently still on the books as per the most recent 10-Q. Coincidently, this is less than TRTC's total assets, which were listed at 8,413,881.

The Amended 13G isn't Amy selling, as all the transactions date back to 2012 and 2013.

As per the form D it isn't insiders selling. If it were, they would have to file a 13g. Insiders cannot sell their most recently acquired shares for 6 months as they are restricted by law.

Of course, they all have shares they previously received which are no longer restricted and they are free to sell. If they did they would have to file a 13g.

You can tell these shares haven't been sold on the market based on recent volume. That's over 7 million shares at current pps levels, which would certainly be noticeable.

The form says the shares were issued for bonuses and services rendered. They most likely went to members of their Vegas team, who have been working on their applications as compensation.

Whether or not the form D also includes the roughly 1.5 million dollars worth of shares given to members of the board, I'm not sure. If I had to guess I would say no, but again I'm not sure.

Have a great night.

Regards,