Blum Holdings Inc (BLMH)

[CannabidiolHead]

The psychology of the reverse split...

100,000 shares and the stock moves up one penny = $1000 gain
10,000 shares and the stock moves up one penny = $100 gain
1,000 shares and the stock moves up one penny = $10 gain
100 shares and the stock moves up one penny = $1 gain

Nobody likes a reverse split....if for no other reason than the psychology of stock movement and profits gained.

Love the company, but... I wish they would find $1 a share organically and manage growth by credit financing supported and paid for by profits. Not on the backs of the common stock holder through dilution with reverses to artificially raise share price..

I want this company back in the portfolio but I am willing to wait out the reverses and the dilution. I believe there is gonna be some great buying opportunities in the future. Also there are some companies that have already reversed and are doing the same thing with dispensaries, recreational and infused products that are way cheaper...and have much more reasonable outstanding and float without the ridiculous market cap. This stock achieves a $1 and we are looking at a 1/2 billion dollar market cap or more...it will be a long time before this company reaches that goal.

Best..

CH