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Yet you guys still come here when this stock is clearly dead. Why is that?
You clowns are hilarious.
Dude. Your boss pays you too much. Give some back.
Who cares? Besides you that is. HMBL is not the AFL. They are the ticketing company. If they are able to successfully provide ticketing that can control fraud, they can start working with other sports groups. And concerts. And anything else that needs tickets.
You must be really bored today with all the posting on a stock that has been in a very small trading channel for a year. Did you think the stock would rise before any news of revenues came in? Good to see you still caring about HMBL.
You are correct, they won't sell. There are convertible loans however that will likely be converted. The loans are at a fixed price - which is good. The first one is $50k worth at 1.2 cents. That comes out to about 4mil shares. That means that we will likely see around 1.2 cents/share for a few months - or someone could buy $50k worth of stock and get it over with. The next loan is at 5 cents. Once the first loan has been converted, expect the price to mysteriously rise slightly above .05 so the next company can unload. Surf will tell you that this is bad for everyone - because it is dilution. But if you own stock at today's price, this dilution could be a 4 bagger.
I have been reading your posts and am in agreement with most of what you have been saying. However, I believe that Sharp's reason for the S1 was to get rid of this debt first because he knows that the conversion is fixed. That means that there is little downside for converting at or below 1.2 cents, but little upside in raising the value of the company while someone is dumping 4 mil shares at a fixed price. Once the debt is sold, I expect a merger to be announced and Sharp to retire.
But Slay likes you. Not very kind of you.
The only fact you posted ever was that you fish. The rest is a bunch of fish stories. Why is it that you never really answer the question of why any 80 year old never was posts on a stock board all day every day but never owns the stock? Are you lonely? Are you paid to post? Is your name Don Quixote? Are you a democrat? There must be a reason other than trying to make it to the big league junior detective group.
Luckypop? Why is that alias coming from your IP address too?
And how in the world did you post relentlessly on FORW AND HMBL and miss the real biggest pop in the OTC. I guess if you post on every board you are bound to get luckypop sometime or other.
Boucher died.
An RS will likely happen when they announce positive cash flow from operations. One will definitely be needed. If they can get positive cash flow and the share structure is in line, the stock price should move up considerably (after likely taking an immediate 30% OTC haircut). I have cash ready if this happens as well.
I don't get your point. I am not here looking to recruit investors. I frankly don't care what anyone else does.
You on the other hand, want to scare investors away. Why?
You know I made more money here than you made your entire life. You are such a basher clown. You are so sad and so angry. Don Quixote battling windmills. Thinking he is making a difference. Doesn't even own shares but feels the need to save those who do.
I hope so. There is a fixed number of shares that will be diluted into the market to eliminate the debt. Once that debt is gone, HMBL will do a RS. Expect a quick dip in price (due to ignorance) followed by an exponential gain.
I personally have been sitting at the bid (.0007) collecting shares. Why in the world are we not at .0001? Because of me - and others like me that know the potential of this product. Think I am full of it? Please, please, please dump into .0007. I have $8k on (and off) the bid waiting for someone to sell. Bring the price down. I dare you.
Agreed. HMBL is a real company that will blow people away in a few months. This is not like those OTC scams that the pumper clowns claim it is.
You could be absolutely right. I have been here since GRDO was at .0003 (may have been .0002). I have never once overestimated Sharp's timeline. I believe he is very good at publicly traded companies, but he is painfully slow. I will say that a deal could be completed tonight. I believe it won't happen for months. If he is early, then good for us. If he is closer to my timeline, I won't be crying that Sharp somehow fooled me.
Cmon, you aren't that dumb.
No idea. I got money in FORW and not SRNW so I hope FORW hits first, bigger, and then SRNW adds to my FORW fortune.
In finance, a startup is any company that has yet to produce income above fixed costs. It is even possible - and regularly happens that a company who entered the decline phase, reinvents the company with a new product or service that brings it into a startup and/or growth phase. People misconstrue startup to mean a specific time - like 6 months, or a year. It isn't.
You responded to a poster that was simply stating that the company is in a phase of it's business cycle where it has yet to meet its costs as it creates a product, service, market... In business, this is expected. In certain businesses, the startup phase could last decades (see biotech industry requiring 3 phases of product testing by the FDA before a product enters the market).
Those who understand this process have a better chance at knowing when to buy and sell stock. HMBL offered a huge opportunity to get into the stock and then out after the initial hype. It is now offering another huge opportunity (and a huge risk). If they are able to pull off either or both of the ticketing and government wallet things, the stock could be amazing. If they are delayed or the product flops, the stock could be worthless despite the promise of a great product (think Netscape - if you are old enough to remember that).
I am confident that Sharp has something planned to make FORW (and SRNW) successful. Based on previous tweets, I expect he plans on retiring wealthy from his shells soon enough. And yes, FORW owns 2mil shares of SRNW plus warrants at .30/share.
From the GVSI experience, I don't believe that anything will be announced until any potential deals are very certain so shareholders don't screw anything up. Knowing how fast Sharp moves, I personally don't expect any news for months (2-6 months). I will own shares and patiently wait.
If you are asking me to speculate, the "next step" thing refers to getting rid of convertible (fixed conversion) debt. I would be surprised if we didn't dip fairly soon and that after 4mil shares of selling, the stock price would need to rise above .05 for a couple of months as there is a lot of convertible debt at .05. FORW has always been a game of patience. Those who can wait should be rewarded greatly.
A bunch of crap on both sides over the S-1 can be seen here.
No, this isn't a insider get rich scheme. No, it doesn't indicate that a merger is going to happen.
Why?
I've been getting some .0007's last few trading days. Today was only 2mil, but I was still happy.
Why do you blame others for your inability to trade?
Look at the company today. Not yesterday. Not in 2022. Figure out if it is a good investment for you. If it isn't, then don't buy. Foote was clearly inexperienced with running a publicly traded business. He has learned a ton since then. How can you tell? He cleaned up the balance sheet. He is attempting to clean up the share structure. Good news is that he hasn't already done a RS like he planned in October. Bad news is that it seems he trusted Jakob from PL and likely didn't do enough research on the guy. Regardless, less than $5mil in debt outstanding. They seemed to get control of the preferred B. They aren't out of the woods yet, but for me personally, I like the risk again.
I used to think so too. Then I found BSTI and PPHM. I traded them solely on charts and made a lot of money. BSTI was eventually halted for fraud, so you gotta factor that kind of thing in when dealing with OTC, but PPHM is now CDMO (Avid) $27/share. I traded it in the range of .25 to 1.25 over and over and over.
You rode a stock up 328,000% and then rode it all the way down again? Seriously? Wow. That is Foote's fault for sure. I'd be mad too, but just not a Foote.
The biggest problem with the company now is the share structure. That means that they will need to do a RS. That's bad, right? Well, no. It isn't. Under the right circumstances.
Foote will need to start breaking even or making a profit. With 15bil shares (really only 13 now, but give it time), a profit will do very little for the share price. If however, once they have even a small profit - or hell, a small loss with a promise of making a profit (where they are now), a RS would bring the share structure into acceptable ranges where a small profit benefits shareholders.
Imagine this company with 750mil shares, 10k in preferred b shares (convertible to 1mil common), and a product that California is beta testing and Utah has shown interest in. The stock price could jump 1000% overnight.
If they did a RS without any expectation of income, the stock would likely find it's way back to current prices.
I know you addressed Slay and OKwife directly, but I would like to field this as neither of the clowns know how to read a chart. Hope you don't mind...
When a stock closes above the BB without news, it often retreats the next session to the mid point of the BB - 20ma. From there it will likely rise again toward the upper BB. This gives time for the statistical average to rise along with the stock.
Read the contract. It currently is a fixed cost they will receive in addition to merchandise sales such as t-shirts and concessions. It should be more than $300k. Best part is that their product is a software program. Once it is produced, the costs are negligible, but the income can grow exponentially. The same software used at the AFL can be used in every college football stadium. In every MLB stadium. In every soccer stadium. All with little or now change.
Listen to the last CC on burn rate.
Did you even bother to read the latest 10k?
Why so angry? You musta bought late and sold at the bottom and now you are mad that you couldn't see the signs. Must be Foote's fault that you can't trade stocks.
Surf is right... clowns performing a comedy routine daily.
What? The end of April was moved to May? Nobody told me.
Some people find that when you capitalize every word, it becomes hard to read.
I persevered through your post anyway and all I have to say is do some dd.
Beta testing is going to be free, but if that city or... better still, all of California starts using HMBL's wallet (and yes... for more than dog licenses - beta test on something inconsequential), that alone will make HMBL more costly than you will be able to afford. Foote suggested that Utah is looking into Santa Cruz's results as well.
The ticketing company will likely be almost as big as the wallet. They have a contract with AFL in which we should see HMBL become profitable within the next month. Read the contract.
Social media company - I think this will be a nothing division until regular people learn how to register and use this feature. Once they decide on a niche - like a stock division, and people can register easy, it should do very well.
The burn rate is low for the product they created. Compare to other companies. That burn rate is already going way down. Compare FY 2022 to FY 2023. If you want to complain about something that is real, complain about how Foote wasted money on a monkey cartoon character or how he bought a hotel room. Complain about how he set up the company at the startup. Those things are real. Then again, much of that mess is fixed or being fixed.
Not sure what you find incorrect. I wrote:
Some clown will think it is a bad thing. Fact is, it is pretty much irrelevant.
WHAT? How can you say that? Easy. Stock price is the same it was about a year ago. Stock is majorly diluted. They also have a lot more promise than they had last year. On balance, it seems to be a wash.
No. If the stock has 3 billion shares and then has 12 billion shares, but the price hasn’t dropped, then someone is propping it up. Why? Because the company has value.
I really don't get you. Sometimes you seem decent enough - but still negative. Other times you are a complete ass. Today more of the latter, but I've seen much worse.
You post that the stock is dumping but the stock had 50% more buys than sells today. Is the more buys than sells a good thing? Sure, but who cares. It has been in a channel for what? A year? Until it breaks out of the channel up or down - who cares.
Then you attempt to cover your stupid post by commenting that the stock was up a really small amount (instead of actually dumping) and somehow that was bad. Now being in the .0007-.001 range is pretty much no movement because it is IN A CHANNEL, but commenting on the momentary last trade of the day or a certain trade at 2:36pm is just bashing for no reason. Please grow up a bit.
What? Wrong board.
That would be do it
A bit more complicated than that. It involves a trustee relationship. If the CEO of Coke drinks a Pepsi while being interviewed on national television, it could be considered a breach of fiduciary duty because the actions would be perceived as not believing or liking their own product. A CEO would or should know better, especially with product placement as a lucrative source of advertising. If the same CEO flips off the interviewer because he doesn't like a question, it isn't a breach of fiduciary duty, even if it adversely affects the price of the stock (reminds me of some of Musk's comments in the past). Making really bad decisions or decisions you disagree with is not enough unless it was designed to serve one's own interest over the interest of the company.
Even though most of Sharps shells are taking a really long time to succeed, it isn't a breach of good faith, or loyalty, or a conflict of interest type thing.
Oh stop already. What you suggest about HMBL giving back money due to the stock tanking is not even in the realm of reality. Catch a clue.
If HMBL didn't think that they were on the hook for substantially more than $2.2mil, they wouldn't have paid it. The "hint" was a hint that I read the court document as I said there was a nondisclosure paragraph in there to keep Sharp from letting everyone know that HMBL screwed up concerning the toxic debt. You stated that I didn't read it. As if you would know what I read. To HMBL's defense, once the stock dropped to below a buck from it's high, there wasn't going to be any real financing to be had anyway. Foote talks about how hairy things got for a while and how they had to cut costs to the bone to stay afloat.
Why do you keep bringing up the RS but don't talk about the toxic debt? The RS was crappy because you never RS before major conversions take place. Had they done a 20 to 1 RS with the preferred being part of the RS, it could have worked, but they didn't do that. For you to repeatedly point to the RS as my reasoning means you cannot connect dots. The RS happened first. That was against Sharp's way of doing business unless necessary (he said so in several tweets). The toxic debt caused Sharp to quit. The rescinding of the toxic debt "bridge loan" with Brighton allowed Sharp to reconsider. The addition of Monmoth and other toxic loans caused him to quit again. Sharp reached out and offered $2mil in cash so that HMBL wouldn't need to borrow using toxic loans. They took the money and did the toxic debt anyway. This is not hard to understand.
I'd like to say that all this is in the past and HMBL is on its way to full recovery, but Pacific Lion or Foote or both are either lying or very confused. If they can figure a way out of the OS - whether it is a RS once the company has positive cash flow, or a stock repurchase plan, there is great hope. If the toxic debt can't be stopped, the only hope will be to catch the next few bounces on the way to the dead cat.
I used to really like the conversation on ihub decades ago. Now it is like babysitting 4th graders.
HMBL is running a live test on a software program that handles transactions and secures chain of evidence for Santa Cruz California. They wouldn't test home titles because if the test failed, it could be disastrous for the city and for HMBL. Instead, they test something inconsequential. Once there is proof of concept, the same software can be retrofitted to work with home titles, car titles, drivers licenses... everything the city does. Better still, the same software can be easily reproduced to work in every city in the US. Tested.