Blum Holdings Inc (BLMH)

[On2_addict]

Why file for REVERSE SPLIT if no intention to use it?

If people would do the math of what I stickied above regarding the massive dilution that a reverse split would cause, then they would realize that shares lose at least 70% of their value when it happens.

The minute they file to do it your shares are worth at least 70% less. Just do the math.

Preferred b shares do not reverse split. That means that they will be worth 10X what they are now in the event in a 1 for 10 reverse split. In the event of a 1 for 20 they are worth 20X. In the event of 1 for 50 they are worth 50X

It is the holders of these special preferred shares who will decide what to do. What multiple would you choose if you were them? Do you think there is any chance you would not put the reverse split through?

If I were them I would do 1 for 100. Of course common shares would be worth about 1% of what they are now if they did that, but who cares about those commoners. LMAO