Blum Holdings Inc (BLMH)

[BidnessMan]

This makes me think the price will do a slow walk up over the buying period while it's going on. Assuming the OTC follows the same practice.

SEC Rule 10b-18 - Company requirements to the broker(s) used - It should specify that:

The company and affiliated purchasers may work with only one broker or dealer on any single day.

The company may not buy on the opening trade on the NASDAQ National Market or during the last half hour of scheduled trading.

The company's purchase or bid price may not exceed the highest current independent bid quote or last independent sale price, whichever is higher.

The company must stay within trading volume restrictions unless it is doing a block trade.

https://www.journalofaccountancy.com/issues/1999/may/mccarthy.html