Replies to post #74434 on Blum Holdings Inc (BLMH)

[infoseeker11]

I can give you the simple non mathematic logic...

1. Currently at 333 million O/S.
2. Current A/S at 350 million
3. They only have 6 million in cash.
4. If they get the licenses, they need a minimum of 11million.
5. If they follow thru and buy NB they need 8 million.
6. EG costs more than it makes... They need money to keep it going...
7. They have less than 17 million shares left to spend, or 4 million bucks if sold today......

They cannot even build what is needed if they get a license.... Forget about NB.... Can't do it at all.... EG?

And grow op??? Left that out completely.... More money needed .....

So, how do they get there??

No math needed.....

They will increase the A/S to a minimum of 700 million. They may just go to 1 billion as another has stated, but.... One thing is certain....

The A/S MUST BE RAISED...... Or......there is absolutely no possibility of a plan being realized...

They squandered the first 350 million shares, now those shares are almost gone.... They must raise it... And the share price will continue to fall...Sad.....but..... This is the OTC after all.....