Replies to post #272780 on Blum Holdings Inc (BLMH)

[JimofRidge]

Thanks! Let me send this to Craig Eastwood not that he needs any additional to determine the outcome of his opinion on the merger!

[kevindenver]

Be fair, they floated it at the same toxic discount of 87% along with toxic protections to the lender.

"All principal and interest due and owing under the Note is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $4.50 or (ii) 87% of the average of the two (2) lowest daily volume weighted average prices of the Common Stock in the thirteen (13) trading days prior to the conversion date (the “Conversion Price”), which Conversion Price is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection."

Lets throw another log on the fire !! IMHO

"On December 3, 2018, Terra Tech Corp. (the “Company”) issued a 7.5% Senior Convertible Promissory Note due June 3, 2020 (the “Note”) in the principal amount of $7,000,000 to an accredited investor (the “Purchaser”) for a purchase price of $7,000,000"

"Upon certain events of default, the conversion price of the Note will automatically become 70% of the average of the three (3) lowest volume weighted average prices of the Common Stock in the twenty (20) consecutive trading days prior to the conversion date for so long as such event of default remains in effect."

https://ih.advfn.com/p.php?pid=nmona&article=78810143
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