Blum Holdings Inc (BLMH)

[BusProfHarvardU]

COUNTDOWN TO 2Q BLOODBATH - 4 DAYS (16AUG)


Don't be caught in ugly bag-holder attire when this PR hits the headlines next week.

We're expecting a 20-30% plunge after worse than expected 2Q revenues, out-of-control overhead costs, and record losses near $5,000,000.

And all of this after Derek had grandiose visions that Blum Oak and Blum LV were going to put them over the top and finally make them profitable - well, not happenin', folks.

And with the Reverse Split back in play as Derek rushes to get the required vote completed by Directors (see new Aug5 Filing), this stock is headed nowhere but south.

Don't drink the Koolaid, folks.

STRONG SELL at the Overbought levels.

IMHO