Blum Holdings Inc (BLMH)

[mjh4]

Cracker,

Someone had a good post yesterday saying the Reverse Split (R/S) will happen for an uplist (which they pointed out likely won't happen til Cannabis is made legal) and/or to secure attractive financing from a bank (which I'm noting will send the share price much higher because bank financing = less need for share dilution...if/when a bank decides to support this industry).


The Reverse Split was voted on two weeks ago and allows the company to do as many reverse splits as it sees fit between the ratio of 1:5 - 1:50 between now and end of September 2018.


If Derek stays making good moves, he won't reverse split needlessly... I see bank financing happening before an uplist, but I'm not sure if that will be before September 2018. HOWEVER, if by June 2018 we are still at a low share price (A: after Q3 Nevada, Q4 Nevada, and Q1 Nevada/California. B: other great news of expanding Nevada production facilities with their unused permits and dispensaries, especially to outlying areas near state borders. C: news of more Southern California expansion. D: new New Jersey governor moving on cannabis laws) I could see a reverse split to a tune of 1:5 or 1:10 just to reduce shares...does anyone else see that happening? But I'm also guessing shares are easily at .55 June 2018.

So why do you think they will do a reverse split ? What do you think the reason will be ? Then why do you think it will go down in price if they do a reverse split ? How low will it go and what do you think the r/s will be ? 100 to 1 ? 500 for one ? 5 for one ? Just curious .