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Has it been approved by Ecoark yet? The closing of the acquisition is subject to satisfaction of certain closing conditions. The primary closing condition is that Ecoark and its executive team are required to source a minimum of $10,000,000 in capital for HUMBL prior to the transfer of ownership of Agora Digital to HUMBL.
Brian Foote
@humblceo
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53m
William (Brad) Hoagland is a skilled C-Level operator. Strategic, polished, tenacious.
Exactly what we need to upgrade #HUMBL management roster, raise capital and drive revenues.
This allows me to focus 100% on global brand, media, products, blockchain tech and sales growth.
Excellent post great summary and yes dont believe .05 is coming...lol
HUMBL ANNOUNCES ENTRY INTO AGREEMENT TO ACQUIRE AGORA DIGITAL IN ALL STOCK TRANSACTION
August 11, 2022 16:35 ET | Source: HUMBL, Inc.
...
COMBINED FINTECH COMPANY WOULD OFFER A SUITE OF CONSUMER AND ENTERPRISE BLOCKCKHAIN PRODUCTS, ALONG WITH DIGITAL ASSET MINING SOLUTIONS
HUMBL CONTINUING STRATEGIC PLAN TO TAKE STEPS NEEDED TO UPLIST TO A NATIONAL EXCHANGE
San Diego, California, Aug. 11, 2022 (GLOBE NEWSWIRE) -- HUMBL, Inc. (“HUMBL” or the “Company”) (OTC Markets: HMBL) announced today that it has executed a definitive agreement to acquire Agora Digital Holdings, Inc. (“Agora Digital”), a blockchain technology company focused on Bitcoin mining. Agora Digital is a majority owned subsidiary of Ecoark Holdings, Inc. (“Ecoark”) (NASDAQ: ZEST).
The closing of the acquisition is subject to satisfaction of certain closing conditions. The primary closing condition is that Ecoark and its executive team are required to source a minimum of $10,000,000 in capital for HUMBL prior to the transfer of ownership of Agora Digital to HUMBL. The owners of Agora Digital would receive $60,000,000 in a new class of preferred stock in consideration for selling their interests in Agora Digital. Additional details will be provided at a future date via a Form 8-K to be filed by the Company with the definitive agreement and other transaction documents.
HUMBL believes this acquisition will be beneficial for two primary reasons. First, Agora Digital has secured significant power contracts and has developed scalable infrastructure for Bitcoin mining in an ESG sensitive manner. Upon securing the funding required to close, a portion of those funds can be used to generate revenues for HUMBL through Bitcoin mining. Second, Agora Digital’s management team has deep experience running public companies and has gone through the exchange uplisting process. They are being brought on specifically to lead the uplisting of HUMBL to a national securities exchange.
Upon completion of the transaction, Brad Hoagland will be appointed as CEO and Brian Foote will move to an Executive Chairman role. Brad will focus on running day-to-day operations and leading the uplisting process. Brian will still be intimately involved with HUMBL and will be freed up to focus on product ideation, design, sales, business development, blockchain technology, media relations and creating and implementing the Company’s strategic vision.
“Agora Digital provides an instant entry for HUMBL into digital asset mining,” said Brian Foote, Chairman and CEO of HUMBL. “Furthermore, with the addition of Brad Hoagland, CEO of Agora Digital, HUMBL obtains a C-Level executive who has successfully uplisted a company from the OTC to a national securities exchange and has acted as an officer of a NASDAQ company. This transaction is the next step of the strategic plan to put HUMBL in the best position to apply to uplist to a national securities exchange and deliver a full Web 3 stack of consumer, enterprise and mining products into the public markets.”
“We believe that decentralized blockchain technologies will be a significant driver of financial market innovation over the next decade,” said Brad Hoagland, CFA, CEO of Agora and Board Member of HUMBL. “HUMBL’s Web3 consumer and enterprise product stacks are the perfect complement to Agora’s power infrastructure and digital asset mining capabilities. I am looking forward to taking a key role in the new combined company in order to position HUMBL for long-term success across a full stack of blockchain products and services in the public markets.”
About HUMBL
HUMBL is a Web 3, blockchain platform with consumer products and commercial services.
About Agora Digital
Agora Digital is a Bitcoin mining and blockchain technology company with power contracts and scalable infrastructure in West Texas. The company is pursuing bitcoin mining projects in both North and South America.
So HMBL will get $10 mil in cash and own Agora.
The parent company of Agora will get $60 mil of preferred stock.
They will bring in talent and contracts (revenue) from Agora including:
1. bitcoin mining
2. experience uplisting to NYSE - gonna happen
Foote becomes Chairman of the board
Hoagland becomes CEO
I am thinking .05 ain't going to happen. Sorry
Yea, there is some really good news. My advisor suggested that we see .05 tomorrow. I am so glad I didn't listen to them.
The stock rose just over 1,250,000% in just under 6 months. A few Billion $’s were made by retail investors.
There’s not that many people who bought for the first time anywhere near the top. But if they did - they didn’t look at a single chart, and to be fair - likely should not be making their own investment decisions. Lol
In meantime - there’s some pretty massive news out!!!
https://www.globenewswire.com/news-release/2022/08/11/2497205/0/en/HUMBL-ANNOUNCES-ENTRY-INTO-AGREEMENT-TO-ACQUIRE-AGORA-DIGITAL-IN-ALL-STOCK-TRANSACTION.html
I gotta say that I used to really respect your DD. Thinking that the class action has legs... I just shake my head.
As for the cancelling the ETX. Current law still makes the ETX not a security as HMBL was basically bundling the underlying product. The SEC decided to interpret things a bit differently because they don't know how to handle - and basically keep controlling these new products. The questions about NFT's on the S1 were also revealing concerning the SEC's understanding of this new market. I personally believe that it will take some court cases and smarter people to finally figure out how the SEC should handle things. What should have been pretty straight forward, may take a few years now. Not really HMBL's doing. Their putting things on hold kept them from being the first test case.
If you are a humble native, you didn't buy at the top. The natives by definition were there early on... maybe at .0004ish? Maybe at .01 even. If they bought at $5 or higher, they need to consider a new career. The charts were screaming sell at that time.
I am celebrating. I made a substantial amount. Cashed in a substantial amount. How does anyone on here know what others did with their stock???? Anyone who owned TSL* at $1200 is kicking themselves right now. Same with GM* and a ton of "reputable" stocks. My advice, don't own stock in a dem admin.
Ummm are you thinking everyone bought at the bottom?
Plenty bought near the top with the help of HUMBLNatives like Rebecca and PapaHumbl and a few others. Some of the same people that were given notes and warrants as well.
Probably get a better idea when the class action gets going in October when they name the lead plaintiff.
Too bad Brian acknowledged having to rip off that bandaid on the products all those investors lost money on. Pretty telling he got in over his head not understanding the problems that showed up. So much for all those Times Square billboards.
“This stock is 20,000% since Nov of 2020“
LOL…yeah and anyone who held since then and is…say…sitting on $10,000 right now once had an account balance that was over HALF A MILLION that has since been wiped out.
LMAO…
I am not sure many are celebrating that little factoid at this point.
SMH
Legends being removed means that stock becomes free trading.
A good chunk of it has hit the market as evidenced by the DTC deposit growth.
“It was spikoli that said it, you just agreed.”
I didn’t agree either. In fact I challenged the notion that 369 million shares were going to show up because the warrants covered in the S-1 are all underwater right now…
…next
That is a very large supposition. Who exactly is underwater? How could they be? The stock rose 328,000%.
This stock is 20,000% since Nov of 2020
.05 on Friday? Oh boy! Lucky I bought a few shares today. Thanks for the tip!
I bought back today. Most of my trades showed up as a sell on the bid. That makes me happy knowing I didn't pay the spread.
Legends being removed means the sky is falling? Isn't that the normal process?
It was spikoli that said it, you just agreed. BTW we have a potential t-trade today. Yay. 10k shares.
We do know that HUMBLpay was going to crush PayPal... Then Tickeri was going to put Stubhub out of business - and the poor ole Blocks pump was embarrassing.
You keep posting that HUMBL keeps on delivering - if you mean losses, pain and suffering then you are correct.
Foote and Sharp have lost all credibility. Although Sharp never had any credibility.
IG
When you make statements like this - "The new HUMBLWALLET is an amazing product and far superior to MetaMask."
Explain in detail why another Fiverr created app/wallet is far superior to MetaMask - just saying it is meaningless without facts.
IG
Yes you definitely are an optimist. But if I were severely underwater and invested way more than I planned averaging down I might be too rather than admit I made a mistake with this “investment”.
Funding from sources other than his dad, family and friends, and current shareholders will only dilute out this stock more.
If funding ever gets announced be sure to check Delaware to see if they raise the authorized shares. The last time they raised it even with the reverse split.
GLTY
I see things overall looking pretty good , they have some great products that will drive revenue in time and massive upsides.
The new HUMBLWALLET is an amazing product and far superior to MetaMask. I believe in time the HUMBLWALLET could dominate the market and MM is generating upwards of 300 million a year.
The tickets will grow with marketing, the NFT gallery just gets better. It’s coming around.
Does Brian saying he had to “rip the bandaid off” sound like they were delivering a revenue stream to you?
He basically axed the very products that resulted in those Pref B share awards. Yet they get to keep them?
Let’s see what he gets from “getting back on the horn” to funders willing to fund this next pivot. As I am sure many have witnessed the costs of being involved in the metaverse.
Might not be as excited about the finally ripping the bandaid off on their past product.
But I’ll wait and see what happens. Just won’t be buying into this next dream of his.
He probably is connected to some athletes through his past job at that venture firm he was part of - VP of Blockterra Capital - that handled athletes funds. Not sure what happened there and how successful he was. Started Blocks30 after that.
https://app.qwoted.com/opportunities/event-digital-currency-con-2018-7e255ebe-d3da-4acd-ab32-9ea828d3c21f
Note speakers - as he and Calvin have known each other for years. (Blocks30/Coinbook)
look at this list of speakers - guess he crossed paths with David Weil/GHOST as well.
David Weil
Founder Caylx Consulting Partners
Austin Woodward
Co-founder TaxBit
Brian McClaren Foote
VP of BlockTerra Capital
Tyler Adkison
Founder, CEO of BlockTerra Capital
Calvin Weight
CEO of Coinbook
Did he know of David Weil’s criminal past back then?
“Yeah and the B share Monster , this company is delivering products and revenue streams.“
LOL…the stock is DOWN around 90% since the B shares became eligible for conversion…
Comical.
Yeah and the B share Monster , this company is delivering products and revenue streams.
And there was the talk that the S-1 would never get approved.
And there was the massive dump from Dec 2021 that never happened.
Next week - quarterly report due.
.05 Friday on tap.
https://ih.advfn.com/stock-market/USOTC/humbl-qb-HMBL/trades
Clearly everyone is not pleased.
Wonder if George is dumping into his pump?
The first version of the “House of Hayes” 3D brand metaverse store is currently in beta testing and expected to open before the end of the Major League Baseball 2022 regular season.
——
Promises promises - will this one be one they can keep?
Much was said about that dilution BEFORE Brian changed the terms on those Pref b shares. AFTER the outcry from SHAREHOLDERS about the handout of those shares.
Plus they first filed a CONFIDENTIAL filing on those S1 shares once again hiding what was going on. Much like the increase in authorized shares and the reverse split.
Amazing they are tossing out the original plan after all the money they spent on it when it wasn’t even finished. And it is now they realized the problems their 5starred app would have.
I suspect the same thing will happen with their wallet.
George obviously hasn’t visited the Metaverse or spent time in Roblox Nikeland to be making the hyped up tweets like he did.
You need to ask the people who said that.
But the unrestricted has climbed by 80 million since the S-1 went effective 2 weeks ago.
So legends are being removed.
There was a lot of talk in here about a massive dump coming once S-1 was completed .. so when will the dump happen ? Any new time lines ?
“We have been reading on here that 369 mil shares were going to get dumped into the market as soon as the S1 was processed.“
I never said that.
He used to be on ihub.
I wonder if George has spent anytime in the Metaverse to claim such a thing. Gone into Metaverse? Into Horizon World. Used an oculus. It would be pretty obvious HUMBL is not better or further.
Comparing this 3D branding project as better than anything Google and Meta have done is absurd. They have spent $$$Billions on their projects to get where they are.
George is dreaming and pumping. Part of his job. Plus he has a vested interest.
Thanks Al for sharing.
Excited to see the launch soon!
$HMBL
Is it pumping if it is true?
Yea, better if he bashed the stock daily. That way he could make friends on ihub.
George pumping it as he gets paid:
George tweet:
$HMBL is the only one so far to achieve these heights. $META isn't there. $GOOG isn't there. Nobody else is there.
$HMBL is the leader in Web 3 technology. End of story.
Watch what happens next.
———-
No. We have been reading on here that 369 mil shares were going to get dumped into the market as soon as the S1 was processed. Where are the T Trades as promised? Remember the "legends take 3 days to remove" announcement when nothing changed the day after the S1? Where is the dumping?
The OS growing by under 4% while the company puts out a wallet, has 4 acquisitions, and does a test pilot program in a California city... to name a few highlights... I am pleased.
Are you telling me (again and again) that a HMBL employee is getting paid? Imagine that.
George has plenty of shares he can sell - from his advisory job:
https://www.sec.gov/Archives/edgar/data/1119190/000149315221032548/ex10-58.htm
2. Remuneration.
(1) Client will pay Consultant for services at a rate of $30,000 per month by transferring this payment into a nominee bank account of the Consultant. This fee shall be paid semi-annually, in advance of the commencement of each quarter, with the first payment of $180,000 to be paid on January 3, 2022 and the second payment to be paid on July 3, 2022.
(2) Client shall issue to Consultant an aggregate total of 7.5 million shares of its common stock, currently quoted on OTC Market Group’s “OTC Link” platform under the symbol “HMBL”. These shares shall be vested as follows: (a) 5 million shares shall be vested on January 3, 2022 and will be referenced on the Client’s current “S-1” Registration Statement, now before the SEC with the intention of having these shares registered for sale upon the Registration Statement being deemed effective; (b) 2.5 million shares shall be vested on July 3, 2022 and will be referenced on the Client’s subsequent “S-1” Registration Statement which will be filed with the SEC within 90 days of the deemed effectiveness of the initial “S-1” Registration Statement.
(3) Client shall pay a performance bonus to Consultant of $250,000 upon achieving a NASDAQ listing, even if the milestone is achieved after the expiration/termination of this contract, such bonus shall be paid to Consultant within 14 days of the achievement of that milestone.
(4) The Client will reimburse the Consultant for pre-approved business expenses.
Al you are putting yourself out there to much for hmbl and hmbl is in shambles. All the crap bf acquires is all worthless and it will not take off. Hayes is not even in the top 100 in the MLB. Bf always gets some dumb ass loser players or a fake out. You investors need to come into reality and realize hmbl is a sham and going no where. After financials come thru this will drop more.
68 million shares added to the OS since the notice of effectiveness.
80 million shares added to the unrestricted since the notice of effectiveness.
Sure looks like dilution to me.
What happened to last Friday? You know... 3 days to remove the legends and then a couple days for good luck? Then the T Trades will be overwhelming. Mass dilution....
Day 14 and no sign of relentless dilution. I feel like we were sold a bag of lies. Not one T-Trade. No massive dumping. Do we complain to Foote? I so want to post negative stuff, but I got nothing.
I guess Sharp failed to dump his shares that he doesn't own yet. Who knew?
I feel like someone should be playing the jeopardy theme song. When will we finally see those T Trades? Well, we are waiting....
Lmao This House of Cards Fraud is done
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HUMBL will allow you to send, receive, exchange and borrow money at up to an estimated 50% savings vs. competitors.
HUMBL will be working with partners in Latin America, Caribbean, Africa and the Asia Pacific in countries that have been overlooked or underserved by traditional payments and financial service providers.
CLASS ACTION
LAWSUITS FILED
Quick review of claims
2. Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business and operations. Specifically, Defendants made false and/or misleading statements and/or failed to disclose (1) that the HUMBL Pay App did not have even the basic functionality that it promised investors; and (2) that several of its hyped international business partnerships had a very low chance of contributing material revenues to the Company’s bottom line. As a result, the Company’s public statements were materially false and misleading at all relevant times. 3. Defendants also sold a series of highly speculative unregistered securities called BLOCK Exchange Traded Index (“ETXs”) products. These
https://www.humbllawsuit.com/_files/ugd/157867_cd077ccd1b51499996606718b32b36dc.pdf
NEW YORK, NY / ACCESSWIRE / May 20, 2022 /Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against HUMBL, Inc. ("HUMBL" or the "Company") (OTCMKTS:HMBL)and certain of its officers
https://www.barrons.com/articles/shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-humbl-inc-hmbl-investors-of-class-action-and-encourages-investors-to-contact-the-firm-01653059779
*
HUMBL is a Web 3 platform with product lines including:
The HUMBL Wallet™, HUMBL Search Engine™, HUMBL Social™
HUMBL Tickets™, HUMBL Marketplace™
and HUMBL Authentics™
For more information, visit - https://www.humbl.com
Company Update - Q2-Q4 2023 - May 18, 2023
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