Blum Holdings Inc (BLMH)

[CannabidiolHead]

I am not a basher...but, I have never liked a reverse split. I know it is smoke and mirrors and doesn't change the capital value of the stock. But, they are rarely a good sign and carry a psychological connotation that no investor really loves. The increased authorized shares do not help. The possibility of not just one reverse split more than one at the discretion of the preferred shareholders that are exempt from the splits doesn't bode well for common shareholder morale. I have to ask...if RS's are so great then why do the preferred shareholders get a pass? If all is the same for everyone it should not affect the voting ratios. This company is in acquisition mode and that is a good thing. I still think it is one of the best opportunities out there in the pot arena. But they really took the wind out of a lot of investors sails with the amendments they announced.

If the stock is so good why couldn't make pps number naturally? It only had to stay over a dollar. The insider selling didn't help either but I get it..people need to get paid.


Looking for a much lower reentry point in the face of these announcements....

Best of luck longs and all....