Blum Holdings Inc (BLMH)

[Art Vandeley]

Don't forget those notes convert at a 25% discount, as per the 8K. So it is even more shares.

Each Note accrues interest at a rate of 12% per annum, of which twelve (12) months’ interest amount is guaranteed, payable on each conversion date for the principal amount then being converted and on the maturity date in either cash or, at the holder’s option, in shares of Common Stock. The term of each Note is 18 months after issuance. All principal and interest due and owing under each Note is convertible into shares of our Common Stock, at any time at the election of the holder, at a conversion price equal to 75% of the lowest VWAP in the prior 20 trading days immediately before the conversion date. The conversion price is subject to (i) adjustment for stock splits, stock dividends, combinations or similar events and (ii) full ratchet anti-dilution protection.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10530226