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Not trying to be mean here... honestly. I do think you should not trade stocks tho. You are way too emotional about your stocks.
For example if they convert today current A/S will be almost maxed out.
Good thing that they cannot legally convert today. Foote has agreed to not touch his shares for a couple more years. The other Preferred B holders can't sell more than 5mil shares a month. They are not allowed to. I already told you this. That pretty much eliminates the worry of the AS being maxed out short of the stock price dropping to .0001.
Right now there isn't dilution going on. It will happen again, but if the price goes to much higher, the dilution will be substantially less.
No. I am not buying. I have all free shares now. I already sold in the TSNP run and I was against the first RS during TSNP time. Now: They are borrowing the money and using the common shares to convert preferred. For example if they convert today current A/S will be almost maxed out. They have only two options: 1. Increase the A/S to avoid RS 2. Implement the RS to avoid increase A/S If they implement RS they will keep the preferred shares safe to avoid convert so those converted to prevent from RS
They withdraw the paper from Finra regarding RS because they are expecting to list on Nasdaq etc. also they mentioned they will implement RS if they need . I did not see they have everything ready to list HMBL on Nasdaq or nyse
Operate the function??????? Like medical operation? Mathematical function? Conjunction junction, what's your function? Function Shua? Sounds serious, but not sure what you are saying. Surgically and meticulously apply the proper ratios in hooking up phrases and clauses that lead us to the promised land.
They do not have money to operate the function
Are you trying to say that if the company keeps borrowing money that it would be bad? If so..... Agreed. If you were saying something else, I have no clue what you intended.
The second part showing a partial PR about how they planned on a RS and then decided against it... How do I respond? Good for them! They shouldn't have done a RS at that time. Are you hinting that they will RS in the future? Foote said as much. I would even welcome one at the proper time and in the proper ratios. The assumption is that in conjunction (ah... conjunction junction... now I get it... you did have it figured out!)... with some really good news like a merger or acquisition, they will throw in a RS and say that it will be needed to "operate" the deal of connecting two separate companies to form one bigger company with the use of well placed clauses (contracts). Seems you knew all that with your "operate the function" cryptic messaging. I bet you are secretly buying up the shares on the ask because you realized what this is all about.
They do not have money to operate the function. They will release more shares to generate funds:
Part I Form 8-K July 18,2023 Global Amendment Exhibition 10.1 2. Funding Amount. The funding amount under the Note is hereby increased from up to $800,000 to up to $2,000,000.
Part II San Diego, California, Feb. 22, 2023 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCQB: HMBL) announced today that the Company has decided to cancel its application for a 1:10 reverse split of its common stock with FINRA. The Company withdrew the FINRA application in light of reassessing its strategic plans for a future uplist to a major stock exchange and may reapply later this year should it be necessary to do so.
Let me help you out... 12.5 bil Authorized. 7 bil OS Leaves 5.5 bil to play with. 1. Company keeping 500mil shares in case the stock price drops 2. Preferred B's account for 4 bil shares. 3. Foote agreed not to convert his shares 2 bil in order to not exceed AS. Other 2 bil can only be converted at 5mil common/month x 4 major players = 20mil x12 months = 240mil a year if they were to convert. Gives the company 8 years to start making money. Clearly not immediate. 4. 500mil shares are tied up in warrants.
Bottom line: 12 bil minus 2 bil preferred b's accounted for = 10 bil. Minus the half a bil for warrants. That leaves 2.5 bil, NOT 4 bil. That 2.5 bil is based on .0004 conversion rate. If the stock price rises to .0024, that debt will cost 400mil shares. Imagine if they got a gov contract with California. The stock price would pretty much make conversions nothing.
12.5 B A/S 7 B. O/S 4B is ready to convert Next they increased the amount of note A/S will be maxed out Increase the A/S or make R/S is only solution. Enjoy the game
Yeah ok Bubba. Just like it went up 23% yesterday right. When something is going up it should tell you something. These billions of shares do not matter in the OTC. None of what you keep preaching matters.
HMBL#$$: Hey Bulba , your statement is contradictory. There are Billions of Shares , so noone has to worry about being able to get shares. Noone is Anxious. The Dumping of Toxic Diluted Shares will continue and the PPS will Drop like Lead Boots.
#HMBL $HMBL mostly buying today nice move to the upside. Buyers starting to get anxious they will soon grab whatever they can, and there's plenty to grab.
Sii paziente, superera' il suo massimo storico! Do your due diligence.
HMBL#$$: Heywood Bulba,! True , no buying pressure at all. Let's see if this Pig can lose the Lipstick and a little weight and make a 30% run come Monday. No Volume today.
As we are about to move into .0012's I sure miss HMBLHopefulllllll. You know, the guy who can't believe his eyes and has to ask what he sees? "Do I see .0012's on deck?" Come back Hopefulllll.
If you want to have a real conversation, write to be understood.
It is scam and operated by dumb.
Normally "dumb" is an adjective. It modifies a noun - ie. That dumb stock trader doesn't even know that a non-reporting company doesn't need to report an RS in advance. Your predicate needs a noun. Were you trying to use an acronym? Deep Underground Military Base? If so, I don't understand your question.
The company put out a PR about the RS: https://www.otcmarkets.com/stock/HMBL/news/HUMBL-Inc-Completes-Corporate-Actions?id=291497 AFTER the RS. This is not only allowed, it happens fairly frequently in the OTC. Did I tell you about a company called Body Basics? They now go by the ticker ZCBD. They did a 50k to 1 RS without notice. Wow. Painful. For me personally too. I am reminded today that the RS with HMBL was only a 4 to 1. That was - well - not even worth doing. They should have done a 12 to 1 and included the Preferred B's as well. We would be sitting much better right now if they did.
Try to answer and do not go who has command on language. It is scam and operated by dumb. Why they do not have PR regarding RS. So put too much pressure to pump this with other PRs but why they did not release any PR: Here is the list: from Nov 2020 to Feb 2021
HUMBL, Inc. Completes Corporate ActionsPress Release | 02/25/2021 HUMBL Financial™ Launches BLOCK ETX Products in Over 100 CountriesPress Release | 02/02/2021 HUMBL Studios Announces Launch of HUMBL x SHOPPress Release | 01/29/2021 In Memory of Henry “Bud” BoucherPress Release | 01/27/2021 HUMBL® Announces Launch of HUMBL Financial™ DivisionPress Release | 01/25/2021 HUMBL Launches HUMBL Studios for Global Merchant Listings and Web Payment IntegrationsPress Release | 12/17/2020 HUMBL Responds to Recent Seeking Alpha ArticlePress Release | 12/16/2020 HUMBL Announces Launch of Holiday Deal DaysPress Release | 12/14/2020 HUMBL and Bexs Bank to Pilot Expanded, High Speed Digital Payments Platform Between United States and Latin AmericaPress Release | 11/19/2020 Tesoro Enterprises, Inc. CEO to Lock Up Over $10 Million Worth of Stock Purchased Directly Out of the MarketPress Release | 11/17/2020 Tesoro Enterprises, Inc. Retires Over 551 Million Common SharesPress Release | 11/13/2020
I am guessing that English is a second language. If so, congrats on your command of the language. Your recent post however, is incoherent. Please try again.
Not required. This is a non-reporting company. And how much are you paying me to do your DD here? My usual rate is $300/hour and I already have completed all my pro bono work for the year.
HMBL#$$: Hey Bulba and JuneBugs, 1st of all , who in their right mind would release what supposed to have been a major launch on a Thursday after the markets close. ... should have been on a Monday morning before the markets opened with a possible chance for it to run the rest of the week , had there been anything to it. This Clown Crew is as smart as a Duck in a cement pond. Mark my post , this Pig is going down Hard next week.
And you now see the error of your ways so you move onto the next argument.
I have thought it over.
You are 100% convinced? Why?
I am 100% convinced that not only is he having all his "business" expenses covered, he is getting a nice chunk of the General and administrative expenses of $5,630,738 for the six months ending June 30, 2023.
I am convinced that Foote is giving his shares back to the company. Not like your "convinced." The Annual report documents his activity. He doesn't need to steal or do something morally questionable when he could simply (legally) sell some of his shares to buy whatever he wants. Instead, he is retiring his shares for the benefit of the company.
BTW, I am convinced that the boogeymen lives under your bed at night. Nothing you say will dissuade me. Sleep with the light on.
I am 100% convinced that not only is he having all his "business" expenses covered, he is getting a nice chunk of the General and administrative expenses of $5,630,738 for the six months ending June 30, 2023.
Think about it for just a second. Drink some coffee first.
If it was a dog and pony show because he couldn't convert his preferred to common so the shares were worthless to him, then the shares he converted from common to Preferred clearly contradicts your assumption.
He already had common shares that didn't need to be converted to common because they were already common shares - and yet he converted them to "worthless" Preferred B's anyway so he could retire his Preferred B's. Completely, totally obviates your "worthless" theory. Almost like he is giving away his own money and internet trolls are complaining about it.
Was the company a reporting company at the time? NO In that case, an 8k was not required. A simple PR would suffice.
Did you really know the above and are trying to supply misinformation? Or are you accusing me of supporting a lie because you are ignorant? Which is it?
I said he could not convert the preferred into common until they were unrestricted and then he is limited as to how many and when. You know exactly what I am talking about.
But then there is this: 5/3/2021 - Conversion – 71,313,853 Common to 7,131 Series B Preferred - Brian Foote 5/6/2021 - Conversion – 8,311,147 Common to 831 Series B Preferred - Brian Foote
Tell me again how retiring Preferred B's was a dog and pony show because he couldn't convert them for many many years.
The share retirement was nothing but a dog and pony show. First they were restricted. Secondly when they could be converted, as the CEO he is limited in the number he can convert. I believe when he "retired" and converted it was pointed out it would take many, many years for him to convert all of his preferred.
He as we know still has tons of preferred.
Brian does not need to worry about the preferred as I am 100% convinced that not only is he having all his "business" expenses covered, he is getting a nice chunk of the General and administrative expenses of $5,630,738 for the six months ending June 30, 2023.
Once again. Who cares? Your premise is that Foote locked up his shares so that he could escape the RS. From Nov 17, 2020 pr:
Brian Foote, has agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares.
From Sept 21, 2022 pr:
San Diego, California, Sept. 21, 2022 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL) announced today that CEO Brian Foote has elected to retire 45,000 additional shares of Series B Preferred Stock that he owns, which is the equivalent of 450,000,000 shares of common stock.
This was just one of his Preferred B personal stock retirements. So he converted the shares to reduce the OS and then retired them - gave them back to the treasury. That bastard.
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