Blum Holdings Inc (BLMH)

[BriarPatch]

oh the shame...

this is from the prospectus dated August 12, 2016 (page 11). Yes that's right, 2016!!!

I fail to see how a post with inaccurate misleading information could possibly help shareholders.

Magnum7419 Member Level Wednesday, 03/14/18 05:44:42 PM
Re: Magnum7419 post# 253209 0
Post #
253214
of 254665
"Upon issuance, the shares of our Preferred Stock will be fully paid and nonassessable, which means that its holders will have paid their purchase price in full and we may not require them to pay additional funds.

Any Preferred Stock terms selected by our Board could decrease the amount of earnings and assets available for distribution to holders of our Common Stock or adversely affect the rights and power, including voting rights, of the holders of our Common Stock, without any further vote or action by the stockholders. The rights of holders of our Common Stock will be subject to, and may be adversely affected by, the right of the holders of any Preferred Stock that may be issued by us in the future. The issuance of our Preferred Stock could also have the effect of delaying or preventing a change in control of us, make removal of management more difficult, discourage bids for our Common Stock at a premium, or otherwise adversely affect the market price of our Common Stock."

Series B Preferred Stock. Each share of our Series B Preferred Stock is convertible, at the option of the holder, on a 1-for-5.384325537 basis, into shares of our Common Stock (the “Conversion Rate”). The Conversion Rate is subject to adjustment as follows: (i) if we effect a forward stock split, the conversion rate (expressed as a quotient) shall be proportionately decreased so that the number of shares of our Common Stock issuable upon conversion of the Series B Preferred Stock increases in proportion to such increase in the aggregate number of shares of our Common Stock outstanding; (ii) if we effect a reverse split or combination, no adjustments shall be made;

"This prospectus is part of a registration statement on Form S-3 that we have filed with the SEC under the Securities Act. The rules and regulations of the SEC allow us to omit from this prospectus certain information included in the registration statement."

http://ih.advfn.com/p.php?pid=nmona&article=76947900

And has been modified and/or superseded by the new prospectus supplement.

"...adds to and updates information contained in the accompanying prospectus..."

"...you should rely on the information in this prospectus supplement..."

"...the statement in the document having the later date modifies or supersedes the earlier statement..."


http://ih.advfn.com/p.php?pid=nmona&article=76947900


In other words it's old outdated and incorrect info. Investors need to hear the FACTS, imho, so they can make an educated decision as whether to buy or not. Posts that contain ridiculous outdated information is, imho, a lame attempt to manipulate investors both new and old.

I hope I've cleared up some of the confusion the post in question has brought to the trtc board.


business is blüming!!!