Blum Holdings Inc (BLMH)

[pearjammer]

Just another reminder to newbies...as to why the daily volume went from 70 million to barely 3 million and why the pps is in the .20"s

Do not buy this stock until it consolidates...other wise your money will be locked up for a long time.

Read below:

Is everyone is going to ignore the continued dilution and toxic finance recently ?

.279 pps after all the big events preached lol 1 billion shares outstanding

Rinse Reset Recycle insider enrichment 101

On December 26, 2017, Terra Tech Corp. (the “Company”) issued a 12% Senior Convertible Promissory Note due June 26, 2019 (the "Note") in the principal amount of $5,500,000 to an investor (the "Purchaser") for a purchase price of $5,500,000 "
"All principal and interest due and owing under the Note is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $0.30 "

https://www.dailymarijuanaobserver.com/single-post/2017/12/27/TRTC-Terra-Tech-Issues-55-Million-in-Senior-Convertible-Promissory-Notes

Also 7 business days ago

Michael Nahass sold 680,000 shares Wednesday 1-24-18

https://www.dispatchtribunal.com/2018/02/01/michael-nahass-sells-680000-shares-of-terra-tech-corp-trtc-stock.html/amp

THESE INSIDERS ARE STILL TRYING TO DILUTE AND TOXIC FINANCE. THIS IS PROOF THEY DO NOT HAVE SHARE HOLDERS INTERESTS AT HEART AGAIN FOR 2018 ...THATS 4 YEARS IN A ROW. WHEN THEY ARE MAKING MILLIONS OF DOLLARS. THEY WANT EVERYTHING PEOPLE...

Look at the financials and it all points to enrich insiders only .279 pps tells no lies

This why the pps has been in the dumps for almost 4 years - These are signs of management not giving a rats behind about shareholders...hence the now 1 billion OS count maxed out

To get an inside look at TRTC’s reckless dalliance with convertible notes, go no further than its quarterly reports. Its 10-Q for the quarter ended June 30, 2017, notes that “during the six months ended June 30, 2017, senior secured convertible promissory notes and accrued interest in the amount of $8,839,084 were converted into 50,710,473 shares of common stock.”

How bad is the impact of TRTC’s convertible note addiction on 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.

SO basically making > $250,000 a day and diluting 1 billion shares along with continued toxic financing to anyone willing to give them money for our worthless shares for pennies on the dollar.

n see the biggest insider enrichment scheme around.

THERE IS A REASON DEREK CHANGES HIS NAME TO HIDE HIS PAST....
People on this forum keep turning a blind eye to everything

Derek Peterson, Amy Almsteier ,Michael Nahass, and Salwa Ibrahim are laughing all the way to the bank.