Replies to post #220599 on Blum Holdings Inc (BLMH)

[Magnum7419]

"The two types of corporate stock ownership are common and preferred. Common stock represents residual ownership in the corporation. Residual ownership consists of any remaining net assets after preferred stockholders’ claims are paid."http://www.dummies.com/personal-finance/investing/stocks-trading/the-difference-between-common-stock-and-preferred-stock/

If one looks at the number of preferred shares and realize they convert from one to 5 +.........and they get paid first after the bills are paid ,then common shareholders get whats left......

fyi the company has a 72 million dollar debt now........

and needs millions more..........