Blum Holdings Inc (BLMH)

[Magnum7419]

Just trying to understand where these shares are coming from.. and I found this on the S-1 and it appears these warrants can be exercised NOW.....

See last paragraph page 22

On July 30, 2014, the Company amended the Purchase Agreement to provide for one Final Closing of all remaining tranches, effective July 30, 2014, and which was funded on July 31, 2014. The Company offered and sold to Dominion: (i) a Note for a principal amount of $2,894,736.84 (inclusive of the OID; $2,750,000 net) and (ii) a Warrant with a term of four years, to purchase up to 4,824,561 shares of Common Stock, exercisable at any time by the holder of the Warrant at a purchase price equal to 90% of the-20 day VWAP of the Common Stock prior to February 5, 2014, which price the Company estimates to be approximately $0.30753 per share, subject to adjustment. As of July 30, 2014, $6,894,737 (inclusive of the OID; $6,550,000 net) of the Notes have been sold in the Debt Placement.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10141233