Blum Holdings Inc (BLMH)

[kguy99]

Folks, I think a heavy dose of caution is advised here. This is not a slam-dunk good or bad thing that happened (withdrawal of the S-3). Whether this was a good or bad move for current shareholders really depends on the context of why TRTC made this move.

Possibilities Include:

-TRTC found alternative/private financing
-TRTC felt like the S-3 was more than likely going to be denied so they withdrew it, and are writing up an S-1 as I type

What is highly unlikely:

-TRTC is making enough cash from Edible Garden that it no longer needs the S-3

I'm sorry folks, but there is no way that TRTC is making enough profit that they said, "$50,000,000? No thanks." Why do I say this? Look at the Cost of Goods Sold.

Derek has been touting this S-3 since they filed it, with many comparisons made to bigger corporations.

The simple fact of the matter is this: TRTC needs money to continue operations. They have disclosed this themselves. They planned on the money coming from the S-3. That is no more. Where will the money come from?

Loans? S-1? Private offering?

Are any of these *GOOD* from a shareholder perspective?