Blum Holdings Inc (BLMH)

[I-Glow]

A bankruptcy always ends badly for shareholders.

On the POR - usually the Equity Interest is terminated.

In bankruptcy here is the order of who gets paid:

1. Government - IRS

2. Secured Creditors

3. Unsecured Creditors

4. Preferred Shareholders

5. Common Shareholders

Of course there are sub-classes in each of the above.

If any of the classes above the common shareholders are impaired - then by law the common shareholders will be impaired.

IG