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Replies to post #94808 on Blum Holdings Inc (BLMH)
Peggy
12/05/14 7:39 AM
#94812 RE: sfe306 #94808
Our officers and directors currently own approximately 30.9% of our outstanding Common Stock, and through the ownership of preferred stock, have approximately 88.6% of stockholder voting power, and thus significant control over stockholder matters, such as election of directors, amendments to the Articles of Incorporation, and approval of significant corporate transactions. As a result, the Company’s minority stockholders will have little or no control over its affairs.