Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Problem is a great majority (perhaps all) of the dilution is not the good kind.
If HMBL was raising money via an underwritten offering at a decent market price then that could be considered “good”.
But when they dilution is coming primarily from convertible prefs at a cost basis of $0.00001 per share…it doesn’t get any worse.
All dilution is bad. Why give 10% if you can give 5%? What your describing is paying for a service using stock. Dilution is not the act, it’s the result.
And not all dilution is bad. A company can issue stock to promote growth, revenue and earnings. So dilution can be good. You imply all dilution is bad which is deceiving.
Correct! This share selling Scam is done
I never used the terms pumping and/or dumping. You did.
These are shares that are out of their hands; from sponsored athletes, bridge loans, and a few low level employees.
You seem to have left out Marck Grado..just one example. But your math is way off given the fact that over 700 Million shares were issued/converted. Again, I would suggest looking at the Dollar amount from over 700 Million shares.
And here is the definition!
Stock dilution, also known as equity dilution, is the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new equity. New equity increases the total shares outstanding which has a dilutive effect on the ownership percentage of existing shareholders.
Stock dilution - Wikipedia
https://en.wikipedia.org/wiki/Stock_dilution
In reading the S-1 did you see the amount of convertible debt Humbl has? That is dilution because they can't pay any of their employees, vendors or sponsored athletes with their revenues they raise money through convertible debt. They have to pump so as to create a demand for the shares that are being converted and sold. If there is no demand those that gave Humbl money (through convertible debt) may not do so in the future and Humbl will be left with nothing.
It will be wonderful if they comply with SEC stringent reporting requirements.
Wish they would stop giving updates. It’s making the company crash harder. The market hates that we’re SEC reporting.
“IT IS NOT DILUTION FROM THE COMPANY!! “
Ummm…ALL stock in the market comes from the company. The company can’t sell stock directly into the market, they do it through entities (people, companies or otherwise) who buy it from the company and sell it into the market.
When stock is issued by the company in any way and that increases the OS THAT IS DILUTION by any definition.
“The many 5 bil claims were silly. Just shows you that most of the posters are clueless,“
One poster made that claim. LOL. Most of us knew that was impossible for a variety of reasons and said so.
And most of us knew that the relentless and steady dilution would cause the share price to drop as the share structure grew.
And oh…look at that…we were right.
Hardly “clueless” LMAO.
HMBL still not requesting permission from anyone here to what their plans are or may be. that Brian Foote guy got plans for everything related to HMBL. he isn't your typical OTC CEO, this HMBL project his baby. sure has high profile to be a scam as SOME ppl portray @ times. his face all over this, along w team members & political relations. high level meetings w Square, coin base, others etc. etc. they got wallet pilot program in Santa Cruz Cal. mobile apps ,search-3. along w many verticals to lead this stock back to ATH & much more quite possible. looks as if the bottom PPS is history. almost back to .10 do some looking but wouldn't look to long cause you'll be chasing higher I imagine. Crypto & blockchain 2 different things.
Here’s the biggest problem with your statement: IT IS NOT DILUTION FROM THE COMPANY!!
They aren’t pumping up the stock and dumping into the bid like you are trying to make it seem.
These are shares that are out of their hands; from sponsored athletes, bridge loans, and a few low level employees.
There is a huge difference in that and the “pumping and dumping” that you are inferring. HUGE difference.
$HMBL
We will see won’t we.
Don’t be surprised if it not to your expectations! Track record isn’t 100%
$HMBL
Yes ...they are apparently. That will take a couple of years. They will consolidate shares before such of course.
Looks like they overcame those difficult challenges.
Apparently so. I am still saddened by the lack of logic given the fact that many do not seem to understand dilution..especially knowing that this entity is on schedule to dilute to the amount of 1.2 Billion shares come and of year...be it annual/annually.
The Dollar amount is staggering considering the size of this entity. Just bad...
S-1 is effective. I guess they won’t run into problems like this implies.
The many 5 bil claims were silly. Just shows you that most of the posters are clueless,
“Well..that would have been an impossible feet to say the least...”
Which many pointed out at the time..or each time this nonsense suggestion was made.
But apparently that strawman argument is all that is left.
Well..that would have been an impossible feet to say the least...:
OMOLIVES
Tuesday, July 26, 2022 9:08:55 PM
Re: None
Post# of 112588
!!Congratulations to all HMBL lovers. In less than 8 Months...701,321,177 shares have been added to the outstanding as of today!!
Can you guess the Dollar amount??? I would suggest you don't....because it is not good. Quit being played...you are better than that.
5 billion. Was supposed to happen last December.
And the antics as the HMBL empire implodes.
For retailers anyway.
Will be interesting to watch the stock structure over the next couple of months.
Then the real fun begins.
It’s going to take a few days to get the legend removed on stock if someone wants to sell.
How big will the dump be tomorrow? 10 million? 50 million?
We shall see.
As long as it holds tasty HMBL pie.
Maybe a slice w/ dry powder sugar.
Whether a trader or long, watch if it
starts to drip. It might leave a mark.
May be mighty fine
by George!
Yummy!
HMBL
jimr1717 Thursday, July 28, 2022 2:42:09 PM
Re: None
Post# 12577 of 112581
Don’t get left holding the bag
S1 success and soon to fly high $1+
Don’t get left holding the bag again
Exciting times ahead
HOLY PUMP N SOON TO DUMP BATMAN
By, IG bother I take you mean you don't understand the post.
TK, has called every thing that has happened such as the Preferred Stock. The Tickeri fiasco... Etc.
If you post oh brother then you should post facts to prove TK isn't accurate.
TK stated for several months that the S-1 was similar to how Kodiak does their toxic loans. The S-1 makes the stock free trading immediately.
IG
Grasshopper Bank News coming very soon;)-
“it’s all about selling shares?“
That is the primary purpose of a secondary offering S-1.
If the goal was simply to become SEC reporting they could have filed a Form 10…which AUTOMATICALLY goes effective after 60 days…but then restricted stock can’t be sold.
Notice the difference?
Right! I feel sorry for folks that didn’t add around the bottom.
Nothing but green from here
I disagree I believe the company is stead fast focused on NASDAQ
No doubt George is:
George has every reason in the world to do what he can to save his existing investments in this company. Plus his ongoing advisor contract paying him $30k a month.
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.
After the drop over this past year - I bet it is!!!
As far as adding - until a majority of the pref B shares get sold I wouldn’t be so sure.
Agreed nice ask slaps on L2
Fun watching our investment nearly up 100% in a month!!!
Still a great opportunity to add down here
Wow Sam really it’s all about selling shares? I disagree I believe the company is stead fast focused on NASDAQ and to achieve that they will have to deliver a much higher share price from where it is now.
I believe much news is on its way, and just because shares are registered doesn’t mean they will be selling anytime soon.
GO HMBL
George was first to tweet about it on his personal tweet acct. THEN that HUMBL ACCT. it was not posted publicly on the SEC site. It would be considered selective disclosure on George’s part given he blocks people from seeing his tweets.
Where else would the general public have known about that effectiveness date other than the SEC site today?
Has HUMBL announced they would be using George’s personal twitter acct for release of material information? Because that’s what happened. He blurted it out first.
Not to mention some third party person was already spreading the word through private messages two days before.
All these little things add up.
But I can understand George’s excitement. Lol
No he didn’t - it was effective as of yesterday morning:
Effectiveness Date: July 27, 2022 10:00 A.M.
Yes George was pretty excited so spilled the beans before FILING was accepted by SEC. But that’s understandable given all the warrants and shares he owns - and those shares needed to be registered before selling. No doubt he will help pump this thing now.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169515369
Press releases are imminent. Which will be critical to keep it propped up during selling.
I give credit to where credit is due. An effective S-1 is a step in the right direction. Let's see where it goes now.
It didn't show up yesterday, but yup there it is.
It's great for the sake of transparency.
Let's see how Foote handles that task.
https://www.sec.gov/Archives/edgar/data/1119190/999999999522002169/xslEFFECTX01/primary_doc.xml
Form EFFECT - Notice of Effectiveness: SEC Accession No. 9999999995-22-002169
Accepted
2022-07-28 00:16:18
Documents
1
Effectiveness Date
2022-07-27
Registration Form
S-1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date: July 27, 2022 10:00 A.M.
Form: S-1
CIK: 0001119190
Company Name: HUMBL, INC.
File Number: 333-261403
Followers
|
1327
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
122506
|
Created
|
11/24/08
|
Type
|
Free
|
Moderators NoMoDo surfkast Huggy Bear SmellMyFinger |
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |