Replies to post #229580 on Blum Holdings Inc (BLMH)

[JohnnyBlaze55]

When marijuana is rescheduled and banking regulations change i believe that they will be ready to uplist. Approving the r/s for 2018 gives them the option to move to the nasdaq if the time is right. To do this they must meet a certain pps which is why the r/s is necessary.

They had 10,000,000 in cash over the last two quarters and it would be very hard to believe that the dispensaries aren't cash flow positive right now, so there is no way the would r/s for financing, only for an uplist.

Look on pg 26 of the 10k. Rent for the three Vegas locations are very cheap- roughly 4,800, 8,500, and 6,000 and we own the Reno building and rent the upstairs to a yoga studio.

https://weedmaps.com/dispensaries/blum-las-vegas-2/menu

They are retailing some strains for 20 dollars a gram right now. That retails out to ~9,000 per pound and a cost of 2,500, which equals 6,500 per pound. Oakland and San Leandro will be recreational soon and see a drastic increase in revenue, although Oakland already serves 1,000 per day.

[pearjammer]

Really? 1 to 50 ratio? I never owned a stock that dared to split at that ratio. I thought 1 to 20 was bad.

So what that means to me is that the pps is going to keep being diluted and stuck under $1. To keep funding and bringing in new suckers to the fold.

Can't they just run a honest business without constantly looking for ways to legally screw everyone.

Can you imagine a 1 to 50 split lol The OS count to like 12,000,000 shares lol

I guess if the PPS increased to $100 a share after the 1 to 50 split i would be happy lol

[ap17]

That 1 for 20, 1 for 50 etc..... becomes less likely as SP increases.

After Q3 this stock will not be trading in cents anymore. (even with the degenerate MM manipulating the stock)

The higher it trades the lower the RS ratio.

I'm hoping for the lowest and I'm sure the Pref. B insiders are too.