Blum Holdings Inc (BLMH)

[abone]

I was confused by all the different interpretations of their recent Dominion deal (toxic financing/dilution comments etc.). For what it is worth, I had a conversation with TRTC’s investor relations and here is what I was told: Dominion is a “friendly” shareholder. They don’t want to sell shares, but see TRTC succeed. There is a floor for conversion @ 0.30. Since there is a floor, this is not “toxic” financing. No more than 500,000 shares/ month can be converted. Avg shares traded /month is 32,mil, so 1.6%/month can be traded. Regarding NV licensing: a Canadian fund has heavily shorted TRTC, and NV Clarke County committee members were getting emails (even on their personal accounts) with allegations against TRTC during a “silent” period, prior to their voting. The committee is aware of these circumstances. The licenses are based on merit, and approval is anticipated.