Replies to post #289663 on Blum Holdings Inc (BLMH)

[ThomasAn]

I don't have that answer for you. Mr Imbimbo got his shares in exchange of the merger with Umbrella.

... now, the 10K on page 41 clarifies that the 87M shares attributed to Mr Imbimbo is used as placeholder box for a number of ownerships:

Includes
(i) 13,127,700 shares held by Mr. Imbimbo,
(ii) 816,678 shares underlying exercisable warrants,
(iii) 7,174,980 shares underlying exercisable options,
(iii)6,454,752 shares held by Mr. Imbimbo’s spouse,
(iv) 816,678 shares underlying exercisable warrants held by Mr.Imbimbo’s spouse,
(v) 1,179,578 shares underlying exercisable options held by Mr. Imbimbo’s spouse,
(vi) 19,260,742 shares held by Alpha West Holdings Inc. (“Alpha West”), of which Mr. Imbimbo is a stockholder,
(vii) 2,769,217 shares underlying exercisable warrants held by Alpha West,
(viii) 8,259,085 shares held by Rove Group LLC, of which Mr. Imbimbo is the sole member (“Rove Group”),
(ix) 12,037,719 shares underlying exercisable warrants held by Rove Group,
(x) 83,333 shares underlying exercisable options within 60 days of the Record Date, and (xi) 15,444,746 shares held by Bonaparte Group LLC, of which Mr. Imbimbo’s spouse is the managing member. Mr. Imbimbo disclaims beneficial ownership with respect to the shares held by Alpha West and Bonaparte Group LLC except to the extent of his pecuniary interest therein.