Blum Holdings Inc (BLMH)

[On2_addict]

The Q1 results for IVXX were disappointing. Edible Garden was better than expected.

Recalling IVXX was a material event that should have been announced to shareholders. If there had not been 17 insider sales from when the recall happened until the Q1 report when we found out, then I would not care. Instead insiders made 17 sells and had knowledge of this news.

Even worse is the CEO's wife Amy selling 226K shares at .56 on April 19th. She even then had knowledge of the Q1 results. She has also been fined by the SEC in the past for trading violations with TRTC shares.

There is pattern here now of insiders not caring about common holders.

The insiders want a Reverse Split otherwise they would not have put it in the filing. They also made sure the preferred do not split, which is HORRIBLE for investors if and when it splits.

I am guessing if the preferred not splitting is in the next filing that investors will run for the hills.