Blum Holdings Inc (BLMH)

[why_meil]

TRTC's reasons for the split (my guess is it's for option 3 below) however, I hope DP will clarify during the upcoming conference call:

The Board recommends granting it authority for one or more reverse stock splits for the following reasons:

1) The Board believes that a reverse stock split is the most effective means of increasing the per-share market price of our Common Stock in order to satisfy certain quantitative standards for it to become listed on a securities exchange;

2) The Board believes that a higher per-share market price of our Common Stock could encourage greater investor interest in us and promote greater liquidity for our stockholders; and

3) The Board believes that a reverse stock split is advisable to maintain our financing and capital-raising ability and better position us to continue and/or expand our operations.