Blum Holdings Inc (BLMH)

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Ladies & Gents... Introducing the $TRTC Con-artists pulling strings behind the scenes...

A management team with skeletons in their closet

To hear him talk, you would think Derek Peterson was pure as the driven snow and just shocked by all the things that happen with penny stocks. Now, we have already shown that his comments were factually challenged, but there is more. Exactly who is Derek Peterson? In October of 2010, The Telegraph UK, wrote an article and posted a video on Derek and Amy Almsteier's hydroponics business and their slogan, 'The First Honest Hydro Store'. As part of that 'honesty' Derek's last name was reported to be Oppedisano, not Peterson. Derek Oppedisano - what is the CEO's legal name and why did he change it? Terra Tech plays up the fact that Peterson was once an investment banker; however, if he's so good with financials, why in 2012 did he personally file for bankruptcy "On February 22, 2012, Mr. Peterson filed a petition for bankruptcy in the United States Bankruptcy Court for the Central District of California". Peterson (or Oppedisano) did not leave the world of 'white shoe firms' voluntarily. It turns out he was fired for not disclosing his marijuana equipment side business.

Amy Almsteier, like her husband, has no business background of her own that would qualify her to hold her current position as Treasurer. She maintains previous experience as an interior designer. Rounding out the TRTC board, Michael Nahass, Director, filed for bankruptcy likely due to casino debt in 2012.

As would be expected of a group of individuals, the controlling management of TRTC were defendants in a lawsuit. In this lawsuit, Amy and her husband Derek, were defendants in a case for wrongfully accepting over $300k through illegally traded securities in 2009. They "accepted illegally-issued, unrestricted IEAM securities to which they were not entitled, and which, upon information and belief, they resold for full market value to the detriment of IEAM and its shareholders". Sounds like a group of people that Thomas Puzzo would be delighted to involve in his quest for stock promotions. Refer to appendix D for additional details.

Refer to Appendix C for a detailed account of Derek Peterson's questionable recent past. See appendix E for additional details on Derek Peterson, Amy Almsteier, Michael Nahass and the rest of management. Appendix F outlines players surrounding TRTC that have similar issues. Appendix G highlights errors that the company has made in their filings. Given Terra Tech has had various accounting and filing issues, it is not surprising that management continues to deal with internal control issues noted in a recent filing, Appendix H provides a summary of these control issues, going concern details and shareholder dilution which seems imminent (more on this below).

http://m.seekingalpha.com/article/2256753