Replies to post #252219 on Blum Holdings Inc (BLMH)

[batguanno]

Dang. You just love putting that twadle about 100:1 RS in your header didn't you? IN ALL CAPS too. Were you hoping people would just read the header?

[why_meil]

No, they had 1B shares authorized and the OS was around 980M when they did that 1:100 RS. After the RS the AS stayed the same but the OS dropped to around 10M shares. Now the OS is already over 12M shares.

But they had to RS to keep from going into default with their note holders. Well I guess they could have increased the AS instead. The insiders there hold over 50% of the voting rights so they could have authorized an increase to the AS without a vote by the shareholders.

Toxic debt is a horrible thing. But small companies with bad balance sheets can't get conventional bank financing so they are pretty much without options if they wish to remain in business as they try to become profitable.

And as you are aware with TRTC, they can't get conventional financing either as MJ is illegal at the federal level.