Blum Holdings Inc (BLMH)

[JimofRidge]

The selling is not angst about the merger.It is totally about the under performance and that 3rd Qt. 10Q was way more of a disaster then expected. The expectations for 4th Qt were stated to be on the same track so at least $7 million again in losses from operations.The proceeds from the recent asset sale are already gone so that leaves only $3 million cash on hand. You may still have access to more toxic debt lines but there does come a point where investors decide that the auditors are correct to issue an Adverse Opinion that there are insufficient financial controls exercised by this management team. Large sale of stock 16,000 at end of day at 1.29 Could have waited for perhaps an opening rally but chose not to.