Blum Holdings Inc (BLMH)

[pearjammer]

I also worry about that myself. I always say history does not lie.

If anyone wants to know why the PPS is a pathetic .329

It is because of TRTC’s convertible note addiction that has screwed common shareholders.

The table below, which illustrates the rate at which outstanding shares have increased over the past five years, answers this question.

Year TRTC shares outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million

As of December 11th 2017 903.17 million
Shares outstanding nearing authorized shares of 990 million

In five years, TRTC’s shares outstanding have increased more than tenfold and are now inching dangerously close to its authorized shares of 990 million. This means that going forward there is very limited room for TRTC’s debt holders to convert their debt into new shares. This heightens the prospect that TRTC may default on its debt. In case this happens, shareholders will be first to lose as debt owners will foreclose on the assets. This is the benefit of being a debt holder as opposed to being a shareholder. Debt holders usually have the first claim on a company’s assets in the event of foreclosure.

Poor management.....only concerned about enriching themselves at any cost to the shareholders.