Replies to post #267554 on Blum Holdings Inc (BLMH)

[kevindenver]

Incorrect, the note MUST be converted.

As TRTC does not have the cash to pay off the notes and won't by the time they are due, thus the ONLY way to settle the notes is by converting into 15% discounted shares to be sold into the market.

It actually means there is a total $10 million of toxic dilution on deck which will put DOWNWARD pressure on the share price.