Blum Holdings Inc (BLMH)

[mfdesigner]

I question DP's effort in looking for private placement. I can see how a conversation between an potential angel and DP went like this:

Angel: How about I give you 20 Mil for 51% of the company?

Devil on DP's shoulder: No way, we can dilute our share to get the same funding we need while retain control of the company.

DP: No.

Angel: How about I give you 20 Mil for 30% of the company and 5% royalty on every IVXX sale until it becomes profitable ?

Devil on DP's shoulder: Why do we want to share profit with a third party while we can keep them all to ourselves with a private company called IVXX, LLC.

DP: No.

Angel: Okay, I'm out.