HUMBL Inc (HMBL)

[NoMoDo]

Read it again. Look for words like "Main debt" followed by "Then in mid July, another $385k will come due." That should tell you that I am talking about convertible debt that can be converted immediately.

The convertible debt that can be converted right now was what I listed. After that, $385k will be converted in mid July. Then an average of about $100k a month (was actually $120k/month) will be converted going into the end of the year. The $1.8bil going to Monster was likely converted after the 1st q but before May 11. Recently we saw another $1.7 bil added to the OS. This last week we had what? 4 days above 250 mil shares traded? Another 300mil today. The Q ending March 31 listed OS as 11bil. I think it is above 15mil now. I expect another 1.6 bil with the next update. I expect that all the regular debt that can be converted, with the exception of BRU has already been converted and soon we will hear about a ton of shares sold from BRU to a 3rd party and immediately dumped.

The related party convertible debt was Monster - and only Monster. $785mil or about 1.8bil. Coincidentally, the same number HMBL reported as being converted from debt as a subsequent event.

NOTE 15: CONVERTIBLE PROMISSORY NOTES – RELATED PARTIES

The Company issued convertible notes payable – related parties as follows as of March 31, 2024 and December 31, 2023. The chart below does not include convertible notes payable – related parties that were repaid or converted during 2023. Refer to the Form 10-K for the year ended December 31, 2023 filed March 28, 2024 for a full description of those notes:


March 31, 2024 December 31, 2023
Monster Creative purchase – June 30, 2021 $ 781,830 $ 1,381,830
Less: Current portion (781,830 ) (1,381,830 )
Long-term debt $ - $ -

The take away is that the $781k and the $585k are the biggest loans besides BRU. They are likely gone. $385k next, then about $500k for the rest of the year (about $100k a month) - a rough total of around $2.3mil by my numbers. The Q states "Current portion (2,414,984)." So yea. My numbers are pretty accurate. It means that the 250mil share trading days are numbered. Will we get a handful of days with no conversion? Will the stock price rise before the mid July conversion? When will we hear about Santa Cruz and whether they will start paying for services? I think they had a 6 month trial period, but I could be wrong.

BTW, BRU gets paid $40k per month for software consulting. There is a good chance that this will end shortly.

[OMOLIVES]

Your numbers aren't adding up. From April 1 to May 20th, they issued 1.8 billion shares from conversions of debt and accrued interest. That doesn't come close to the amount you suggest. They also added another $600,000 in convertible debt during that same period. If we assume that all of the unrelated convertible debt from the November 2023 notes have been converted...that still leaves the rest of this:

On December 19, 2023, the Company issued a Promissory Note in the amount of $220,000, due December 19, 2024. A one-time interest charge of $22,000 was added to the note, and an original issue discount of $20,000 was reflected that provided net proceeds of $200,000 to the Company.



On January 4, 2024, the Company issued a Convertible Promissory Note in the amount of $55,000, due October 30, 2024. The note accrues interest at 9%, and an original issue discount of $5,000 was reflected that provided net proceeds of $50,000 to the Company. The note is convertible at a 35% discount to the lowest trade price of the common stock in the previous 10 trading days.


26




On February 12, 2024, the Company issued a Promissory Note in the amount of $55,000, due February 12, 2025. A one-time interest charge of $5,500 was added to the note, and an original issue discount of $5,000 was reflected that provided net proceeds of $50,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 25,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.



On February 14, 2024, the Company issued a Promissory Note in the amount of $66,000, due November 15, 2024. A one-time interest charge of $9,900 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $55,000 to the Company.



On February 22, 2024, the Company issued a Promissory Note in the amount of $220,000, due February 22, 2025. A one-time interest charge of $22,000 was added to the note, and an original issue discount of $20,000 was reflected that provided net proceeds of $200,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 100,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.



On March 13, 2024, the Company issued a Promissory Note in the amount of $121,000, due March 13, 2025. A one-time interest charge of $12,100 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $110,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 50,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.



On March 26, 2024, the Company issued a Promissory Note in the amount of $121,000, due March 26, 2025. A one-time interest charge of $12,100 was added to the note, and an original issue discount of $11,000 was reflected that provided net proceeds of $110,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 50,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.

I am excluding the other related party debt completely. That amount equals $820,000 which can all be converted prior to October 2024. Not including the $600,000 from the subsequent events section. The grand total of unrelated short term debt that can be converted prior to December is a whopping $1,400,000 plus interest. That comes to a minimal of 5 billion shares added. And that is only the unrelated short term crap.

[structengr]

And now comes the Big Move Up!!!... Yup!!!

Struc

[surfkast]

Are you not tired of being an idiot. This is going to .0001 and then a R/S! Do you have any morals? More importantly, any brains?

[Slaytanic420]

Dilution eod and
.0003s are here

[Jahvik]

Man that was excellent
Ty

[NoMoDo]

HMBL reduced it's debt by $1.8mil from March 31 to May 11. See 1Q subsequent events.

The main debt is/was as follows:
$585k convertible loan matured 5/11/24 likely converted (about 1.3bil)
$781k Monster convertible loan likely converted (about 1.8mil shares - see above)
BRU $1.2mil. Likely 1.1bil shares to go. BRU is working with HMBL longer term. They won't want to kill HMBL, but they likely have been slowly dumping shares when given a chance. This debt matured on Jan 11, 2024 and wasn't reported as converted as of Mar 31.

Then in mid July, another $385k will come due. After that, about $100k per month through the end of the year.

Why is debt more important than share count? Share price combined with convertible debt determines dilution. BRU is straight conversion - $1.2mil converted as whatever the share price is below .003. The above first two convertible debt offerings above were based on 70% of share price as is all other upcoming debt. It pays the lender to bring the stock price down so they can get an endless supply of shares(toxic financing). This is why some are amazed that the stock price is not at .0001 because whoever is buying all the dilution has kept the company alive. If the $585k loan and Monster are gone, there is no longer an incentive to drop prices until mid July. Once debt is controllable and even a small net profit exists, a RS can happen and the share structure could be normal. A RS is only scary if the company cannot show even a $1 net profit. Equity financing reduces the ownership of all, but debt financing bury companies that cannot show a profit in a reasonable time.


Santa Cruz gov "beta test" has been going on for 6months.

[jimr1717]

.00000004 soon Crumble

[pdmihopefull]

They are overrated and overpaying at 0004!!!

[Slaytanic420]

You overpaid for them cheapies àt .0007

[Jahvik]

So HMBL has roughly a market cap of $5m at .0004.

[OMOLIVES]

The mass majority of total volume over the past six trading days have been newly issued/unrestricted shares sold into the market. Refer to DTC( 5-22 through 5-29). It's an outrageous turn percentage....and not holdable to say the least. Like fast...

[OMOLIVES]

!!Share update. I knew it.....and was expecting it:



Compared to:



Compared to:



I went back and looked at the notes prior to this update. Something else is going on here as well.....shit is about to go down

[surfkast]

But the pumper clowns are loading!

[pdmihopefull]

155,000,000 SHARES sold at the end of the day at 0004...dammmm.... here comes the 3sssss

[surfkast]

They will claim it is a buying opportunity.
So what about the R/S?
Clowns!

[pdmihopefull]

Añd after 0001 they better get/sell out/because if a reverse split comes around...

[pdmihopefull]

Hey surf/These clowns got 3 more points to go down to 0001...then what are they going to do?..

[surfkast]

But the clown pumpers will claim it is a good thing and they are scooping up shares. LOL

[pdmihopefull]

I had a feeling like 8 months ago that this was not going anywhere añd that a reverse split was inevitable...

[pdmihopefull]

OMG... this thing went down to 4!!!???!!!

[Slaytanic420]

Bf has no shame

[sectorspider]

Could be uglier than that too.

[OMOLIVES]

To just drive this home.... http://www.arenafan.com/news/?page=pressrel&article=14217

Not cool man...sorry. Bad PR

[OMOLIVES]

Well..that is pretty damn close. I am being extremely polite given the reality. It's that bad....man...lol. What the fk' were they thinking?

[Slaytanic420]

That's what investors need to see the fraud

[OMOLIVES]

!! Wow....now that "pr" today looks like complete horse shite'. This is so bad...lol....:

https://www.theafl.com/news/arena-football-league-afl-appoints-new-president-c

Looking ahead, the AFL will continue to operate as a 9-team league, featuring the following teams:

Albany Firebirds
Billings Outlaws
Nashville Kats
Orlando Predators
Salina Liberty
SW Kansas Storm
Washington Wolfpack
West Texas Desert Hawks
Wichita Regulators

[OMOLIVES]

I'm not even thinking about a reverse split. Just do not think it matters at this stage.

[Slaytanic420]

Rs? 100k for 1?

[OMOLIVES]

Yes...the PR is very misleading and questionable. It's not a complete lie..given "in any future 2024 games"...but there aren't any future games currently. So, this is a completely misleading public relations statement..and the type that the SEC loves to see.

[surfkast]

That could be why the website to buy tickets is down? SMH! More lies and racing to a R/S which will wipe out investors. Where are the clowns to defend this one now.
Did you see, they are averaging down? Yes the clown pumpers claim to be averaging down! LOL

https://oregonblackbears.com/tickets

[OMOLIVES]

Oh..and to follow up...the game is definitely in Nashville...tickets:

https://www.ticketmaster.com/nashville-kats-nashville-tennessee-06-16-2024/event/1B005F8CB94E39B1

[OMOLIVES]

It's a really..really...really inappropriate public relations statement by both organizations..that beeing Humbl and Oregon Blackbears. It doesn't nesecarrily flat out lie....but it is so fn' wrong!..

Look here:

https://www.theafl.com/stats#/1999/schedule?season_id=4976&all

The next game is on June 16th...and that is the only game currently for the rest of the season. It also says it's in Nashville.

!!!

In any future 2024 home games, HUMBL and the Oregon Blackbears will continue incorporating new advancements in digital wallets and blockchain technology.

Future ..being one fn' game. What total bullshittn' a -holes. Just fn' complete crooks.

Maybe they will be used as a fill in..lol.

[Jahvik]

Right after the merger

[Huggy Bear]

When is the next season of American Greed?

[Slaytanic420]

Humbl doesn't have anything but shares

[Jahvik]

After the merger

[nickjackson600]

When will Mr Foote be on CNBC again?

[Jahvik]

100 mil at .000475 to be exact

[pdmihopefull]

WOW...0005....0001 soon...

[surfkast]

So called investors claiming they are loading up with a R/S guaranteed?
BULLSHIT Or FOOLS? LOL

[NoMoDo]

That's what I did.. Not today, but last week. But you could you not? $550/1mil shares? I tried a few times to buy at the ask, but they wanted to give me a discount.

[Huggy Bear]

Average down. Again.

[sectorspider]

Just took a look at stumble , it ain't humble. Dang .0005! LOL with a whopper of an RS coming in ha ha ha

[Slaytanic420]

https://x.com/FiatP2P/status/1795467729073328128?t=xqJNbFqG0q9n1ZfBhD0Lpg&s=19

[surfkast]

Need to be able to use the website first. But making the same mistake is progress? Just like the 6 trailer license sales?

[Slaytanic420]

They aren't in the league anymore lol bf pumping because of the Ticketmaster lawsuit bf is a ambulance chaser

[NoMoDo]

This is what we are betting on. Same with the beta testing with the gov.

“The Blackbears have been an excellent test case for HUMBL to test and refine our model and we have appreciated the opportunity to do so in a pro sports and arena environment.”

It may or may not pan out, but the risk is small compared to the potential return.

[surfkast]

They did not learn their lesson? Plus the website for tickets is under construction! What a friggin joke!

https://oregonblackbears.com/tickets

[Jahvik]

San Diego, CA, May 28, 2024 (GLOBE NEWSWIRE) -- HUMBL, a leading digital technology platform, has renewed and expanded its partnership with the Oregon Blackbears to deliver an innovative digital ticketing program and fan experience. HUMBL is built on fully-verified profiles and new digital technologies, improving the cost, transparency and digital authenticity of tickets for fans, teams, leagues and venues.

In any future 2024 home games, HUMBL and the Oregon Blackbears will continue incorporating new advancements in digital wallets and blockchain technology. HUMBL’s ticketing program aims to enhance the fan experience, while providing unprecedented levels of security and authenticity in ticketing and merchandise.

About HUMBL Tickets

HUMBL has developed a digital platform built on fully-verified profiles and digital wallets, allowing for reduced fees and improved authentication in ticketing.

Digital Identity: HUMBL is built on fully-verified profiles, allowing fans, buyers and sellers to ensure that they are performing a transaction with a verified counterparty in areas like digital payments, blockchain ticketing and authentic merchandise.
Digital Wallets: HUMBL’s digital wallet system allows fans to sell or transfer tickets directly without intermediaries, eliminating excessive middleman fees and cumbersome processes.
Blockchain-Authenticated Tickets: HUMBL Tickets has introduced blockchain-based NFT-PMs (Non-Fungible Tokens with Private Metadata) for ticket issuance. These tokens combine public metadata (event date and location) with private metadata (specific event and seating details). Fans can now enjoy secure, verifiable tickets that are resistant to fraud and counterfeiting, which has been a major issue in the current ticketing markets.
Digital Certificates of Authenticity: The HUMBL Token Engine also creates Certificates of Authenticity (COA’s), allowing fans to collect authenticated merchandise that establishes tracking and provenance, mitigating fraud and counterfeiting of jerseys, footballs and more.
Reduced Fees and Enhanced Authentication in Ticketing

Reduces Fees: Traditional ticket reselling often involves high fees charged by brokers or platforms. With HUMBL Tickets, these exorbitant fees can be significantly reduced, ensuring that sellers can retain more from their sales and buyers don’t overpay on junk fees.

Eliminates Middlemen: Ticket holders can sell their tickets on any digital asset marketplace or directly to another individual without the intervention of secondary market merchants. This process is more straightforward and secure, thanks to blockchain.

Prevents Counterfeiting: The unique, cryptographic proof of a blockchain-authenticated ticket makes it virtually impossible to forge or duplicate, addressing a common problem in the ticketing industry around the world.

Ensures Authenticity: Every transaction (sale or transfer) of a blockchain-authenticated ticket is recorded on the blockchain, providing a transparent history of its ownership, sale and transfer. This traceability helps buyers ensure they are purchasing legitimate tickets.

Enhanced Security and Privacy: By keeping specific ticket details private, the HUMBL’s system safeguards sensitive information from public exposure, enhancing security and privacy for the ticket holder in their digital wallet.

HUMBL and the Oregon Blackbears Have Delivered a Successful Ticketing Program

“We have had a great experience so far with HUMBL as a company and service provider,” said Oregon Blackbears President, Pat Johnson. “HUMBL has been working through the kinks with us over the past three home contests and we are very pleased with the progress that we both have made together,” continued Johnson. “We are excited to be the first pro sports test case for HUMBL as they prepare their technologies for global scaling. We look forward to working with Brian and his team for the remainder of our 2024 season, and in future home games for the Oregon Blackbears, showcasing how new digital technologies can disrupt the ticketing industry here at our arena and with other pro teams and leagues around the world.”

In addition to renewing with HUMBL Tickets for the remainder of any 2024 home games, the Oregon Blackbears have expanded their agreement with HUMBL to include the development of an Oregon Blackbears mobile application, HUMBL Authentics merchandise and HUMBL.com streaming integrations.

HUMBL’s New Verified Technologies Can Disrupt the Digital Ticketing Market

“With the latest legal filings by the US Justice Department against Live Nation, Inc. and Ticketmaster, the market has never been more appropriate for companies like HUMBL to reduce junk fees, improve fraud and forgery controls and deliver a safer, cheaper and more innovative customer experience in digital ticketing,” said Brian Foote, CEO of HUMBL. “The Blackbears have been an excellent test case for HUMBL to test and refine our model and we have appreciated the opportunity to do so in a pro sports and arena environment.”

About HUMBL

HUMBL is a digital technology platform with core product lines including the HUMBL Wallet™, HUMBL.com and HUMBL Authentics™. HUMBL is built on fully-verified profiles, allowing consumers to have more trusted digital transactions, in areas like chat, payments, ticketing and merchandise sales. HUMBL has performed digital integrations with athletes and teams from the NCAA, MLB, UFC, WNFC, NASCAR Xfinity, World Surfing, World Rugby and more.