Replies to post #136686 on Blum Holdings Inc (BLMH)

[hobowilly]

I was already under the impression that they had.
As i recall The DP stated that it would not be necessary to draw on the line of credit from Magna for the rest of the Nevada buildout. That promise, (if he did in fact say it) lasted all of about 32 seconds.
From the Aug. 11, 2015 CC

Again, for those who haven't heard my discussion about the equity enhancement program we did with Magna, the one reason I like that kind of equity facility is it's on our control.

We can raise money and sell those securities when we want to, when we feel the price is fair and adequate, when we feel the liquidity is there, we can determine how many shares that we want to sell at any given time. So that's completely under our control, which is one of the reasons, we went through that process of filing an S1 to get that approved. So we've got our 57 million shares effective right now. So at $0.10 or $0.15 a share, depending on where we are, any given day that's $6 million to $9 million of financing plus, plus, plus.

In addition to that, and if you refer back to one of our prior filings, we raised a little over $2 million in straight equity with a bit of a warrant coverage associated with it. Mike, I think it was 13.75% or something right around there.

So, WTF is all the money going?
Still looking for the "Won't need and further financing" quote