Blum Holdings Inc (BLMH)

[pearjammer]

Sleeper how can you say that lol Derek said on the call that a reverse split is a tool he will use if there is a merger on the table or if there is a up list opportunity. With close to 1 billion outstanding shares out there, You will find it very hard to bring in any long term investor than can do basic math and read the financials. Would you invest in this company if they add another 500 million share outstanding just to sell then for penny's on the dollar ?

The pps would be worthless. A smart investor would read the financials and laugh. It is a very simple formula to figure out what the true fair market pps should be for a company.

Now you can say, maybe i will catch lightning in a bottle and a big news story or event like the old days will cause the pps to skyrocket?

First there are too many shares for that( 1 billion) Second->That does not happen anymore.

We had some pretty big events come and go in the last 2 years, and the pps actually decreased due to Derek selling into the news during the news and after.

So LIKE DEREK said .....he is going to exhaust this system aka DILUTION--> RAISING THE SHARE COUNT AS HIGH AS HE CAN GO AND SELL THE SHARES....

I think->Until a few months before the feds are going to reschedule. I have a feeling they will know, because they will have connections and a deal in place with the big alcohol companies/lobbyist who want to buy into the market.

Till then its .179-.39 range for the next year