Replies to post #270570 on Blum Holdings Inc (BLMH)

[JimofRidge]

I think the actual shareholders just want the company to survive and if Peterson could be gotten rid of, I think they would be ok with that. The real issue is one of time and money. The cash on hand will not last past 4th Qt. Their announcement yesterday was for 4th Qt to be just as bad as 3rd Qt. They used the merger to try a put a good spin on their future but now that GLDFF knows exactly what their financial status is I Don't see them moving forward. They only have $12 million in cash on hand. Between their shortfall and if they have to cover TRTC's shortfall, in 60 days everyone is gone because they would have to declare bankruptcy I think Chapter 11 but Perhaps even Chapter 7. Just too much spent on creating a business before the market was ready to reward them. The only fit for TRTC is a very large player with tons of cash not GLDFF.