Blum Holdings Inc (BLMH)

[I-Glow]

A reorganization goes like the following:

1. Uncle Sam (IRS)

2. Secured Creditor

3. Unsecured Creditor

4. Preferred Shareholders

5. Common Shareholders

If any of those above the common shareholders are impaired - then the common shareholders are impaired.

Most of the time in reorganization the Equity Interest (Preferred and Common shares) are cancelled.

IG