Replies to post #243271 on Blum Holdings Inc (BLMH)

[pearjammer]

I know what joke this company has become. I am sure the only reason they are making these changes, is because they probably found a new financial tool to use that some how puts more money in their pockets and screws the common shareholders.....as usual.

I also find it funny that people were excited about Derek locking up his shares for a few months lol
WHAT A BAIT AND SWITCH JOKE

"Hey everyone do not pay attention to the fact that we are methodically diluting and selling our shares especially toward year end, because it gives us the excuse of taxes and xmas to do so. Truth be told is that we are selling off our shares. So it does not look like a fire sale..we will leave 10%
of what we originally owned on the table before the eventual 2018 reverse split. Once the OS count is low again--->We will gift our selves new shares at a higher price.

Basically Derek can sell his shares next December at year end ( like they always do)
His wife Amy can sell the 16 million shares he gifted to her anytime she wants too.

Also Derek sold most of his shares already ...i think he has 10 million left..

Derek gifted his wife AMY ALMSTEIER 16 million shares ( strategic move)

Michael Nahass owns 32 million shares

Michael James owns 11 million shares

Why don't you lock up Michael Nahass shares as well?

These people are trying to get rid of all their shares, but do not want it to look like a fire sale. They do not want to leave too many crumbs on the table.....they want to RS --> lower the OS count-->
Sell a piece of the company for 300 million like Canopy Growth ---> Then gift them selves shares at the new rate.

At the end of the day...It was gimmick press release.....