Blum Holdings Inc (BLMH)

[SSCadaver]

The R/S would effectively wipe old common shareholders out. The exposure sounds great - or at least the idea of the intent of exposure sounds great. I've been in a few "RS to uplist" stocks - and although they all went through with the RS, none of them made it to Nasdaq. It's a common play in OTC land.

An R/S to make the OS to AS ratio go down, then they utilize the 75,000,000 in additional dilution to bring the share price right down to where it was before. Since our shares were split, and the new shares are issued, market cap will bloat, and then old PPS levels will be history. Their shares will not be split and therefore the dilution RS combo will have zero effect on their shares, yet effectively RESET your shares.

Again, another step of the way for the insiders to make money, and for us to make excuses.

An RS is a facade. It looks good in writing, but the effects are almost universally detrimental.

JMO,
SSC