Blum Holdings Inc (BLMH)

[why_meil]

Two up days since Aug 30th.

All the rest have been down days. This was very difficult for me to hold. I participated in all the down days except today because I sold all my shares on the opening bell this morning at 20 cents.

In my opinion the poor stock performance is attributed to all the insider selling, thus holders like myself to lose confidence in the company. It was hard for me not to ask myself, "What do the insiders know that I don't?"

The job of a good CEO is to create shareholder value. I wasn't feeling the love.

Anyways, in my opinion, a good quarterly report could make up for all the pain and suffering of all who are holding this. I will buy back in if I like the report (i.e. see improvements across all the fronts that matter most to me).

I'm anxiously awaiting to see it. Certainly revenues will have increased over the previous quarter, but I'm looking to see at what costs. I don't expect them to turn a profit, but I am looking to see a decrease in net losses on a percentage basis. If that doesn't happen, I think I will continue to stay on the side lines until more positive developments arise.