Blum Holdings Inc (BLMH)

[MonestHind]

Most. Expensive. Merger. Ever.

The recent news continues to offer profitable trades...but as we anticipated, the details of this merger have painted quite a startling picture insofar as shareholder value is concerned.

Since we first got wind of the costs associated with this merger, it became evident that the whole deal comes at an absolutely horrific price to shareholders. The scariest thing about it though, was that was our assessment BEFORE this terrible little nugget came to light: TRTC has agreed to give away 50% of the profits generated by cultivation for the NEXT THREE YEARS.

"In connection with the Merger, we also entered into an Operations and Asset Management Agreement dated March 31, 2016, by and among Platinum Standard, LLC (the "Operator"), Black Oak, and us (the "OMA"), whereby the Operator has agreed to operate and maintain the Dispensary and provide certain asset management services related to the "Blüm" brand, real estate matters, and industry developments as to products and best practices related to all aspects of the Dispensary....

The Operator is also entitled to additional fees in connection with the operation of a cultivation center located at the Dispensary equal to 50% of the net profits for the first three of the 12-month periods that the OMA is effective."

UNBELIEVABLE.

Since we alerted our long term exit at $1.39, we've been all about trading this when there are viable setups..but to us, this merger is proof that TRTC is nowhere near investment-worthy at this point.

I'm honestly flabbergasted by the audacity of TRTC...especially considering the company has been battling its image as an "insider enrichment scheme" for years now. Why foster the continuity of such a reputation?

New insider selling now too!?

Next they'll double authorized shares.

Don't be fooled folks. ALWAYS SECURE YOUR PROFITS.

CONGRATS TRADERS