Blum Holdings Inc (BLMH)

[mc73]

In the press release they said 20,000 lbs total capacity in CA alone . Im not sure what their wholesale price is so i am guessing $8/gr.

20,000 lbs/yr. x $8/gr x 454g/lb = $72,640

They already have $30M/yr in sales so 30 + 70 = 100

I dropped a few thousand dollars on Friday. Short term the bears coukd drop price lower and if so i will try to time the bottom and buy more so i can average down. Long term, 18-24 months from now i believe this will be trading well above Fridays close.

Will they have to dilute more? Yes. Does that suck? Yes. Am i going to hold that against TRTC? No...its their only option simce banks are shut out.

I understand the risks but this regulatory nightmare will not last forever, it will at some point allow banks to play and that kids, imo, is when things really get interesting.

I made $10,000 in 2014 on this ticker and i stayed out until after the R/S. I want to be able to say i helped this company and be part (albeit a small one) of their success.

Others dont see the vision or understand the model or just dont like the risks. Thats fine...as DP said on the cc this one isnt for everyone.