Looks like you operated the function! Well done.
I feel guilty…
80% of my shares in HMBL are up over 50%.
Wish I knew what I was doing
Not trying to be mean here... honestly. I do think you should not trade stocks tho. You are way too emotional about your stocks.
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.
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. They will release more shares to generate funds:
Form 8-K July 18,2023
2. Funding Amount. The
funding amount under the Note is hereby increased from up to $800,000 to up to $2,000,000.
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.
Sorry, don't know what you are trying to say.
HMBL#$$: Hey Bulba, Ya Ba Da Ba Dooo , I love you Mannnnn. 7come11 Babe, Hit me! Roll-D-Dice.
Yeah ok Bubba. Just like it went up 23% yesterday right. When something is going up it should tell you something. These billions of shares do not matter in the OTC. None of what you keep preaching matters.
HMBL#$$: 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#$$: Heywood Bulba,! True , no buying pressure at all. Let's see if this Pig can lose the Lipstick and a little weight and make a 30% run come Monday. No Volume today.
HMBL#$$: Hey Bulba, i hope you aren't holding your breathe waiting on those 12's . Blue won't look good on ya!
If you want to have a real conversation, write to be understood.
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.
It consider scam when lie to shareholders .
That is why they go through the law suite later and possible more in future
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.
Okay . Where is the PR which they mentioned they are doing RS?
Please post the PR about RS here
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.
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?
That is some great DD! You doing your happy dance?
Because there is no 8K available on otc website.
Asking you because you are defending his lie
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.
Lmfao, terrible call.. 100,000% later.
What a hoot.
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:
Why are you asking me? I personally don't care.
That is the otc link. I asked where is the 8K available on otc website regarding RS.
Under the disclosure no 8K.