Replies to post #218094 on Blum Holdings Inc (BLMH)

[Magnum7419]

I was referring to the SEC filings......

IMHO the bill is due April 1st 2017 and the actual amount of shares and or cash will be based on benchmarks, claw back, etc.........

Since the bill falls on April 1st, shareholders probably will not see the costs till mid August or 45 days after the end of that quarter that begins on April 1st.

"NOTE 4 – ACQUISITIONS (Continued)
Closing Consideration
Pursuant to the Merger Agreement, the Closing Consideration was issued and paid on April 1, 2016, the closing date.
Lockup Consideration
Pursuant to the Merger Agreement, the Lockup Consideration was issued on April 1, 2016, the closing date; however, such shares will be held in an escrow account for a period of one year.
Holdback Consideration
Pursuant to the Merger Agreement, Holdback Consideration was issued on April 1, 2016, the closing date; however, such shares will be held in an escrow account for a period of one year as security for the satisfaction of any post-closing adjustments or indemnification claims as provided for in the Merger Agreement.
Performance-Based Cash Consideration
Pursuant to the Merger Agreement, the Performance-Based Cash Consideration is to be paid in cash on approximately the one-year anniversary date of the Merger Agreement and is subject to certain holdback provisions. Accordingly, the Performance-Based Cash Consideration is unpaid and recorded as contingent consideration as security for the satisfaction of any post-closing adjustments or indemnification claims as provided for in the Merger Agreement.

The below chart outlines a summary of the purchase price:

Purchase Price Detail
Series B

Preferred Stock








Series Q

Preferred Stock








Series Z

Preferred Stock








Preferred Stock Converted Into Common Stock


Total

Consideration



Closing Consideration






1,248,300








3,696








1,176








36,960,989





$ 9,683,779



Lockup Consideration






4,468,872








8,945








4,210








110,882,953








29,051,334



Holdback Consideration






2,951,528








8,739








2,781








87,392,202








11,324,969



Performance-based Cash Consideration






-








-








-








-








1,429,583



Totals

8,668,700
21,380
8,167
235,236,144

$ 51,489,665





The Series Q Preferred Stock was converted into 106,890,000 shares of common stock in September 2016. The Series Z Preferred Stock was converted into 15,164,262 Series B Preferred Stock in September 2016.

http://ir.terratechcorp.com/sec-filings see page 16