Blum Holdings Inc (BLMH)

[MonestHind]

IGNORE THIS POST:

It's easy to ignore the reality that while the merger news facilitated a profitable pump & dump style trade, the merger itself has significant negative implications insofar as shareholder value is concerned.

The terms of the merger, though still ambiguous, give clear indication that shareholders are footing the bill for an incredibly expensive/overpriced acquisition of what is still a non-profit operation.

As we've come to expect - insiders will benefit tremendously and pursuant to that, the value of common stock is being undermined.

This is a TRADE folks; Always take profits and NEVER get trapped with a penny stock.

We'll look closer to .10 for our next flip.

Congrats traders.