Replies to post #217012 on Blum Holdings Inc (BLMH)

[I-Glow]

Some of this is hilarious:

Trade Name $6,884,441  (you have to be kidding)


Goodwill $19,179,800  (Goodwill is one of favorite accounting magic)

The Liabilities have already been accounted for.

Damn, that is fancy accounting -
Dispensary license $12,900,442

Peterson robbed shareholders - if you choose to believe the nonsense that Blum was worth $51,489,665 - there isn't anyway that price can be justified.

What in the hell can Peterson come up with for Total identifiable net assets $32,309,865.

The Blum purchase was shareholder abuse. And oddly some defend it.

Also Peterson stating that the Blum acquisition was in accordance with ASC 805-10 Business Combinations - is meaningless.

IG

[Dickybad]

WOW, I knew the CEO was a crook scam artist, but damn man. That is ridiculous.

In addition: This is now in effect!!! Were exactly is that cool 75 million bucks going to come from ?

This prospectus will allow us to issue, from time to time at prices and on terms to be determined at or prior to the time of the offering, shares of our common stock, par value $0.001 per share (our "Common Stock"), shares of our preferred stock, par value $0.001 per share (our "Preferred Stock"), debt securities, warrants, rights, or purchase contracts, either individually or in units, with a total value of up to $75,000,000.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11536069

[On2_addict]

Biggest ripoff ever!!!..IF the money did not go to insiders it would have been at the most $15 million. Because it was insiders it was $51 million footed by the shareholders. Of course the deal was made by the CEO who is one of the main insiders. GO FIGURE!!! That is what killed TRTC