Blum Holdings Inc (BLMH)

[Magnum7419]

Since I am lousy at math please correct mine regarding the Reverse Split.

Lets assume the split is 1 for 5 at .20 which means everyone's shares left has a value of a 1.00.......(those shares outstanding) and yes all 35 million outstanding B shares....... but ........

the company has 50 million B shares so that means there is roughly

15 million B shares that can issued to insiders after the split that now have a value 5 times that it did prior to the split........

And since the auth share count is 990 million........Hundreds of millions of new shares will be available at 1.00 a share , which in my mind will cause further dilution when used for expansion.

I may have this all wrong.........so bear with me ......

https://www.westcoaststocktransfer.com/wp-content/uploads//2017/08/trtc-webmat02.pdf page 27

Approximate Approximate Approximate
Number of Number of Number of
Shares of Shares of Shares of
Number of Common Common Common
Shares of Stock
Stock We
Are Stock
Common Outstanding Obligated to Available for
Stock
(PostReverse
Issue in the Future
Proposed Ratio Authorized Split) Future (1) Issuance (2)
1-for-5 990,000,000 128,952,896 41,862,122 819,184,981

"Because the number of shares of our authorized Common Stock will not be affected, any proposed reverse
stock split will result in an increase in the authorized, but unissued, shares of our Common Stock of 990 million shares.
No reverse stock split will affect the par value of our Common Stock, which shall remain at $0.001 per share, or the
number of authorized shares of Preferred Stock, which we may issue that shall remain at 50 million shares"