Replies to post #62390 on Blum Holdings Inc (BLMH)

[senor_c]

Exactly! Anyone crying this is negative news is not thinking. Why would TRTC file for an S-3 and go through the entire process only to withdraw? Perhaps they did it to have an "audit" by the SEC to avoid any questions or concerns. Either way, this means they don't need this financing. My sense is that it's a combination: They have found better financing, AND they have more EG revs than expected, so they will no longer need the S-3. Plain and simple.

[the haze]

look for them to sell shares around .3 toxic financing ahead if you think they have cash to support the business your in for a surprise

Raising 50mil at .5 is not feasible and will take very long at the avg daily volume

Hence the 10% drop on the news once details of the new deal is announced it will react accordingly at that time