Blum Holdings Inc (BLMH)

[Peggy]

Our officers and directors currently own approximately 30.9% of our outstanding Common Stock, and through the ownership of preferred stock, have approximately 88.6% of stockholder voting power, and thus significant control over stockholder matters, such as election of directors, amendments to the Articles of Incorporation, and approval of significant corporate transactions. As a result, the Company’s minority stockholders will have little or no control over its affairs.

No control is the operative phrase.