Blum Holdings Inc (BLMH)

[mfdesigner]

The root of all TRTC's evil is the lack of cash.

They received 8 license without pre-allocating enough cash for the build-out. And I wonder how much of investors' money were paid to Rory Reid for those licenses? Money not wisely spent since every one applied eventually received license(s).

All the hypes from members on this board and the company itself make you think they have everything planned out. but apparently, they are still living on shareholders' money, maybe for years to come, since they seem to have trouble attracting angel investors with nearly 50 mils of accumulated deficit under their belt.

Bottom line, don't spent what you can't afford.