Blum Holdings Inc (BLMH)

[mfdesigner]

It seems my prediction was right.

In the last few weeks, the dilutors have been selling into bids so ferociously that it took out a lot of low bids and leave many asks hanging. This created a vacuum effect that once dilution eases, opportunistic buyers stepped in and caused PPS to surge for a day or two.

Now we are back to the original level with the same problem: very few new buyers and low daily volume. And like it or not, once the dilution resumes, the PPS will continue to decline.