Blum Holdings Inc (BLMH)

[JimofRidge]

How does a company that at present has at BEST $3.5 million in cash on hand sell an asset, gets $6+ million from the sale of that non performing asset and immediately buys another asset that will not be producing a profit for months to come? You are loosing $7 million per QT from operations and you use up $6+ million of cash proceeds that could have helped the company make it. Do investors look at this and think no problem I would do the same thing?