Blum Holdings Inc (BLMH)

[stockanalyze]

this filing says ‘certain current and former officers and directors of the Company ‘. i assume it is likely eric, nicholas, uri, imbibo and others who have given themselves millions and millions and millions of free shares which is breach of fiduciary duty, abuse of control, self-dealing, corporate waste, and unjust enrichment. I have been saying it here all along. look it up.
people’s may be able to pierce the corporate veil and go after their personal assets. even if they sell all of their tens of million free and fraudulent shares, it would not pay for legal fees that they will have to pay out of pocket. unrv should also ask these current and former officers and directors to pay for any legal fees that unrv shareholders wll have to pay for them.
the smart thing for them would be to settle out of court and return 80-90% of shares they own so that unrv can have only 20% of outstanding shares.


On August 1, 2022, People’s California, LLC filed an action against certain current and former officers and directors of the Company, styled People’s California, LLC v. Nicholas Kovacevich, et al, in the Superior Court for the State of California, County of Orange Case No. 30-2022-01272843-CU-MC-CJC, derivatively on behalf of the Company and listing the Company as a nominal defendant alleging claims for breach of fiduciary duty, abuse of control, self-dealing, corporate waste, and unjust enrichment based on a series of corporate transactions and management decisions. The Complaint does not state a specific claim for damages. The Company and the individual defendants have not yet responded to the Complaint and the Company is evaluating the claims.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1451512/000147793222005663/unrv_8k.htm